At the time of writing, Qifu Technology Inc. ADR [QFIN] stock is trading at $42.49, up 5.96%. An important factor to consider is whether the stock is rising or falling in short-term value. The QFIN shares have gain 0.71% over the last week, with a monthly amount glided 16.35%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Qifu Technology Inc. ADR fluctuated between $13.81 and $43.20. 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 $42.49 at the most recent close of the market. An investor can expect a potential drop of -33.75% based on the average QFIN price forecast.
Analyzing the QFIN fundamentals
According to Qifu Technology Inc. ADR [NASDAQ:QFIN], the company’s sales were 2.38B for trailing twelve months, which represents an 3.21% jump. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.49%, and Net Profit Margin reading is 0.36%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.24 and Total Capital is 0.12. 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 41.09 points at the first support level, and at 39.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.21, and for the 2nd resistance point, it is at 43.92.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.80, the price to book ratio is 2.05 and price to earnings (TTM) ratio is 8.68.
Transactions by insiders
Recent insider trading involved Yan Zheng, Officer, that happened on Dec 03 ’24 when 0.48 million shares were purchased. Officer, Holy Vanguard Ltd completed a deal on Dec 03 ’24 to buy 1.2 million shares. Meanwhile, Director Andrew Y Yan bought 0.8 million shares on Sep 05 ’24.
