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With 25.71% Distance From Low, Could Lufax Holding Ltd (NYSE:LU) Post Further Gains?

In last trading session, Lufax Holding Ltd (NYSE:LU) saw 11.59 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.75 trading at $0.11 or 6.71% at ring of the bell on the day assigns it a market valuation of $4.30B. That closing price of LU’s stock is at a discount of -302.86% from its 52-week high price of $7.05 and is indicating a premium of 25.71% from its 52-week low price of $1.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.46 million shares which gives us an average trading volume of 11.75 million if we extend that period to 3-months.

For Lufax Holding Ltd (LU), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 14 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.17 in the current quarter.

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Lufax Holding Ltd (NYSE:LU) trade information

Upright in the green during last session for gaining 6.71%, in the last five days LU remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $1.75 price level, adding 15.66% to its value on the day. Lufax Holding Ltd’s shares saw a change of -68.92% in year-to-date performance and have moved -11.17% in past 5-day. Lufax Holding Ltd (NYSE:LU) showed a performance of 16.67% in past 30-days. Number of shares sold short was 20.0 million shares which calculate 2.05 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $26.96 to the stock, which implies a rise of 93.51% to its current value. Analysts have been projecting $10.01 as a low price target for the stock while placing it at a high target of $47.21. It follows that stock’s current price would drop -2597.71% in reaching the projected high whereas dropping to the targeted low would mean a loss of -472.0% for stock’s current value.

Lufax Holding Ltd (LU) estimates and forecasts

Statistics highlight that Lufax Holding Ltd is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -70.74% of value to its shares in past 6 months, showing an annual growth rate of -25.45% while that of industry is -9.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -34.60% in the current quarter and calculating -10.50% decrease in the next quarter. This year revenue growth is estimated to fall -13.20% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.05 billion for the same. And 2 analysts are in estimates of company making revenue of $1.89 billion in the next quarter that will end on Dec 2022.

In 2022, company’s earnings growth rate is likely to be around 12.60% while estimates for its earnings growth in next 5 years are of 0.10%.

LU Dividends

Lufax Holding Ltd is more likely to be releasing its next quarterly report between November 07 and November 11 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.

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

Insiders are in possession of 0.57% of company’s total shares while institution are holding 17.03 percent of that, with stock having share float percentage of 17.13%. Investors also watch the number of corporate investors in a company very closely, which is 17.03% institutions for Lufax Holding Ltd that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at LU for having 41.33 million shares of worth $247.98 million. And as of Jun 29, 2022, it was holding 1.81% of the company’s outstanding shares.

The second largest institutional holder is Capital World Investors, which was holding about 39.7 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 1.74% of outstanding shares, having a total worth of $238.2 million.

On the other hand, KraneShares CSI China Internet ETF and Capital World Growth and Income Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 31.43 million shares of worth $188.59 million or 1.38% of the total outstanding shares. The later fund manager was in possession of 22.44 million shares on Sep 29, 2022, making its stake of worth around $56.99 million in the company or a holder of 0.98% of company’s stock.

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