In last trading session, 360 DigiTech, Inc. (NASDAQ:QFIN) saw 1,935,030 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $22.72 trading at -$1.52 or -6.27% at ring of the bell on the day assigns it a market valuation of $3.46 Billion. That closing price of QFIN’s stock is at a discount of -54.71% from its 52-week high price of $35.15 and is indicating a premium of 68.49% from its 52-week low price of $7.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.84 Million shares which gives us an average trading volume of 3.4 Million if we extend that period to 3-months.
For 360 DigiTech, Inc. (QFIN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.5. Splitting up the data highlights that, out of 6 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 6 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.78 in the current quarter.
360 DigiTech, Inc. (NASDAQ:QFIN) trade information
In the face of being in the red during last session for losing -6.27%, in the last five days QFIN remained trading in the green while hitting it’s week-highest on Monday, Apr 12 when the stock touched $26.97- price level, adding 15.77% to its value on the day. 360 DigiTech, Inc.’s shares saw a change of 92.71% in year-to-date performance and have moved -15.16% in past 5-day. 360 DigiTech, Inc. (NASDAQ:QFIN) showed a performance of -22.06% in past 30-days. Number of shares sold short was 3.45 Million shares which calculate 1.01 days to cover the short interests.
360 DigiTech, Inc. (QFIN) estimates and forecasts
Statistics highlight that 360 DigiTech, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +93.03% of value to its shares in past 6 months, showing an annual growth rate of 11.05% while that of industry is 7. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 225% in the current quarter and calculating 6.5% increase in the next quarter. This year revenue growth is estimated to rise 11.6% from the last financial year’s standing.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 225.6% while estimates for its earnings growth in next 5 years are of 0%
360 DigiTech, Inc. (NASDAQ:QFIN)’s Major holders
Insiders are in possession of 9.93% of company’s total shares while institution are holding 48.19% percent of that, with stock having share float percentage of 53.51%. Investors also watch the number of corporate investors in a company very closely, which is 125 institutions for 360 DigiTech, Inc. that are currently holding shares of the company. FountainVest China Capital Partners GP3 Ltd. is the top institutional holder at QFIN for having 13.57 Million shares of worth $160Million. And as of December 30, 2020, it was holding 10.7% of the company’s outstanding shares.
The second largest institutional holder is TT International Asset Management LTD, which was holding about 12.51 Million shares on December 30, 2020. The number of shares represents firm’s hold over 9.87% of outstanding shares, having a total worth of $147.55 Million.
On the other hand, Vanguard International Stock Index-Emerging Markets Stk and Vanguard International Stock Index-Total Intl Stock Indx are the top two Mutual Funds which own company’s shares. As of January 30, 2021, the former fund manager was holding 1429124 shares of worth $24.87 Million or 1.13% of the total outstanding shares. The later fund manager was in possession of 1.36 Million shares on January 30, 2021, making its stake of worth around $23.68 Million in the company or a holder of 1.07% of company’s stock.