Qifu Technology Inc. ADR [QFIN] stock is trading at $29.58, up 3.94%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The QFIN shares have gain 14.83% over the last week, with a monthly amount glided 15.55%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Previously, BofA Securities started tracking the stock with Buy rating on July 06, 2023, and set its price target to $24.50. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $14 on January 05, 2021. CLSA initiated its recommendation with a Buy and recommended $20 as its price target on July 16, 2020. In a note dated January 18, 2019, Citigroup initiated an Buy rating.
Qifu Technology Inc. ADR [QFIN] stock has fluctuated between $13.68 and $28.88 over the past year. Currently, Wall Street analysts expect the stock to reach $28.15 within the next 12 months. Qifu Technology Inc. ADR [NASDAQ: QFIN] shares were valued at $29.58 at the most recent close of the market. An investor can expect a potential drop of -4.83% based on the average QFIN price forecast.
Analyzing the QFIN fundamentals
Qifu Technology Inc. ADR [NASDAQ:QFIN] reported sales of 2.36B for the trailing twelve months, which represents a growth of 3.02%. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.51%, Pretax Profit Margin comes in at 0.46%, and Net Profit Margin reading is 0.34%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.22 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.48 points at the first support level, and at 27.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.18, and for the 2nd resistance point, it is at 30.79.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.97, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 7.12.
Transactions by insiders
Recent insider trading involved Andrew Y Yan, Director, that happened on Sep 05 ’24 when 0.8 million shares were purchased. Officer, Zhiqiang He completed a deal on Sep 06 ’24 to buy 0.2 million shares. Meanwhile, Officer Yan Zheng bought 0.25 million shares on Aug 23 ’24.
