LexinFintech Holdings Ltd. (NASDAQ:LX) has a beta value of 0.85 and has seen 1.37 million shares traded in the last trading session. The company, currently valued at $1.29B, closed the last trade at $6.99 per share which meant it lost -$0.08 on the day or -1.13% during that session. The LX stock price is -120.6% off its 52-week high price of $15.42 and 13.59% above the 52-week low of $6.04. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.76 million shares traded. The 3-month trading volume is 2.12 million shares.
The consensus among analysts is that LexinFintech Holdings Ltd. (LX) is a Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 11 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $2.73.
LexinFintech Holdings Ltd. (NASDAQ:LX) trade information
Sporting -1.13% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the LX stock price touched $6.99 or saw a rise of 3.45%. Year-to-date, LexinFintech Holdings Ltd. shares have moved 4.33%, while the 5-day performance has seen it change 5.59%. Over the past 30 days, the shares of LexinFintech Holdings Ltd. (NASDAQ:LX) have changed -7.66%. Short interest in the company has seen 2.36 million shares shorted with days to cover at 1.24.
Wall Street analysts have a consensus price target for the stock at $81.94, which means that the shares’ value could jump 91.47% from current levels. The projected low price target is $46.62 while the price target rests at a high of $115.36. In that case, then, we find that the current price level is -1550.36% off the targeted high while a plunge would see the stock gain -566.95% from current levels.
LexinFintech Holdings Ltd. (LX) estimates and forecasts
Figures show that LexinFintech Holdings Ltd. shares have outperformed across the wider relevant industry. The company’s shares have lost -31.60% over the past 6 months, with this year growth rate of 352.08%, compared to 5.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 727.30% and 739.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 567.80%.
1 analysts offering their estimates for the company have set an average revenue estimate of $3.39 billion for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 27.10% over the past 5 years. Earnings growth for 2021 is a modest -76.30% while over the next 5 years, the company’s earnings are expected to increase by 2.36%.
LexinFintech Holdings Ltd. is expected to release its next earnings report on March 18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
LexinFintech Holdings Ltd. (NASDAQ:LX)’s Major holders
Insiders own 5.57% of the company shares, while shares held by institutions stand at 38.43% with a share float percentage of 40.70%. Investors are also buoyed by the number of investors in a company, with LexinFintech Holdings Ltd. having a total of 127 institutions that hold shares in the company. The top two institutional holders are OCEANLINK MANAGEMENT LTD. with over 10.24 million shares worth more than $68.58 million. As of Dec 30, 2020, OCEANLINK MANAGEMENT LTD. held 7.77% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 3.46 million shares as of Dec 30, 2020. The firm’s total holdings are worth over $23.22 million and represent 2.63% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Emerging Markets Stk and Vanguard International Stock Index-Total Intl Stock Indx. As of Jan 30, 2021, the former fund manager holds about 1.13% shares in the company for having 1.49 million shares of worth $11.55 million while later fund manager owns 1.24 million shares of worth $9.63 million as of Jan 30, 2021, which makes it owner of about 0.94% of company’s outstanding stock.