Let’s Discuss The Lufax Holding Ltd (NYSE: LU) Stock Forecast. – Marketing Sentinel
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Let’s Discuss The Lufax Holding Ltd (NYSE: LU) Stock Forecast.

In today’s recent session, 30.55 million shares of the Lufax Holding Ltd (NYSE:LU) were traded. Most recently the company’s share price was $6.22, and it changed around -$0.6 or -8.87% from the last close, which brings the market valuation of the company to $14.83B. LU at last check was trading at a discount to its 52-week high of $12.43, offering almost -99.84% off that amount. The share price’s 52-week low was $4.09, which indicates that the recent value has risen by an impressive 34.24% since then. We note from Lufax Holding Ltd’s average daily trading volume that its 10-day average is 10.66 million shares, with the 3-month average coming to 8.60 million.

Lufax Holding Ltd stock received a consensus recommendation rating of a Buy, based on a mean score of 1.90. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended LU as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Lufax Holding Ltd is expected to report earnings per share of $0.24 for the current quarter.

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Lufax Holding Ltd (NYSE:LU) trade information

Instantly LU has been showing red trend so far today with a performance of -8.87% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.05 on Tuesday, 06/21/22 increased the stock’s daily price by 11.77%. The company’s shares are currently up 21.14% year-to-date, but still up 12.73% over the last five days. On the other hand, Lufax Holding Ltd (NYSE:LU) is 12.36% up in the 30-day period. We can see from the shorts that 15.51 million shares have been sold at a short interest cover period of 1.89 day(s).

The consensus price target as assigned by Wall Street analysts is $54.38, which translates to bulls needing to increase their stock price by 88.56% from its current value. Analyst projections state that LU is forecast to be at a low of $34.77 and a high of $73.81. In order for the stock price to hit the forecast high, the stock would need to plunge -1086.66% from its current level, while the stock would need to crash -459.0% from its current level to reach the projected low.

Lufax Holding Ltd (LU) estimates and forecasts

Lufax Holding Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 16.18 percent over the past six months and at a -12.73% annual growth rate that is well below the industry average of 2.80%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will loss -17.20% in revenue this quarter, and will report an increase of 3.80% in the next quarter. The year-over-year growth rate is expected to be 2.50%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $2.39 billion in revenue for the current quarter. 2 analysts expect Lufax Holding Ltd to make $2.56 billion in revenue for the quarter ending Sep 2022.

Lufax Holding Ltd earnings are expected to increase by 12.60% in 2022, but the outlook is positive 10.40% per year for the next five years.

LU Dividends

Lufax Holding Ltd’s next quarterly earnings report is expected to be released around August 08 and August 12. The annual dividend yield of the stock is 4.99 percent and its annual dividend per share was 0.34. It is important to note, however, that the 4.99% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Lufax Holding Ltd (NYSE:LU)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.57% of Lufax Holding Ltd shares, and 15.76% of them are in the hands of institutional investors. The stock currently has a share float of 15.85%. Lufax Holding Ltd stock is held by 242 institutions, with Capital World Investors being the largest institutional investor. By Mar 30, 2022, it held 2.47% of the shares, which is about 56.47 million shares worth $314.54 million.

Capital Research Global Investors, with 1.42% or 32.38 million shares worth $180.35 million as of Mar 30, 2022, holds the second largest percentage of outstanding shares.

Capital World Growth and Income Fund and KraneShares CSI China Internet ETF were the top two Mutual Funds as of Mar 30, 2022. The former held 39.96 million shares worth $222.57 million, making up 1.75% of all outstanding shares. On the other hand, KraneShares CSI China Internet ETF held roughly 18.94 million shares worth around $105.48 million, which represents about 0.83% of the total shares outstanding.

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