After A -44.82% Fall This Year Is LexinFintech Holdings Ltd. (NASDAQ:LX) A Better Buy Than Others? – Marketing Sentinel
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After A -44.82% Fall This Year Is LexinFintech Holdings Ltd. (NASDAQ:LX) A Better Buy Than Others?

In last trading session, LexinFintech Holdings Ltd. (NASDAQ:LX) saw 1.12 million shares changing hands with its beta currently measuring 0.86. Company’s recent per share price level of $3.62 trading at -$0.13 or -3.47% at ring of the bell on the day assigns it a market valuation of $640.81M. That closing price of LX’s stock is at a discount of -325.97% from its 52-week high price of $15.42 and is indicating a premium of 7.46% from its 52-week low price of $3.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.98 million shares which gives us an average trading volume of 1.89 million if we extend that period to 3-months.

LexinFintech Holdings Ltd. (NASDAQ:LX) trade information

Upright in the red during last session for losing -3.47%, in the last five days LX remained trading in the green while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $3.62 price level, adding 6.22% to its value on the day. LexinFintech Holdings Ltd.’s shares saw a change of -6.22% in year-to-date performance and have moved 2.84% in past 5-day. LexinFintech Holdings Ltd. (NASDAQ:LX) showed a performance of -4.74% in past 30-days. Number of shares sold short was 1.72 million shares which calculate 0.81 days to cover the short interests.

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LexinFintech Holdings Ltd. (LX) estimates and forecasts

Statistics highlight that LexinFintech Holdings Ltd. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -63.29% of value to its shares in past 6 months, showing an annual growth rate of 347.92% while that of industry is 14.50. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -37.00% in the current quarter and calculating -12.30% decrease in the next quarter. This year revenue growth is estimated to rise 5.30% 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 27.10% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -76.30% while estimates for its earnings growth in next 5 years are of 2.36%.

LX Dividends

LexinFintech Holdings Ltd. is more likely to be releasing its next quarterly report between March 17 and March 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

LexinFintech Holdings Ltd. (NASDAQ:LX)’s Major holders

Insiders are in possession of 1.12% of company’s total shares while institution are holding 34.79 percent of that, with stock having share float percentage of 35.19%. Investors also watch the number of corporate investors in a company very closely, which is 34.79% institutions for LexinFintech Holdings Ltd. that are currently holding shares of the company. OCEANLINK MANAGEMENT LTD. is the top institutional holder at LX for having 13.11 million shares of worth $77.22 million. And as of Sep 29, 2021, it was holding 9.74% of the company’s outstanding shares.

The second largest institutional holder is Cederberg Capital Ltd, which was holding about 7.88 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 5.86% of outstanding shares, having a total worth of $46.42 million.

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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 Jul 30, 2021, the former fund manager was holding 1.58 million shares of worth $12.43 million or 1.18% of the total outstanding shares. The later fund manager was in possession of 1.39 million shares on Jul 30, 2021, making its stake of worth around $10.9 million in the company or a holder of 1.03% of company’s stock.

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