In today’s recent session, 0.49 million shares of the LexinFintech Holdings Ltd. (NASDAQ:LX) have been traded, and its beta is 0.69. Most recently the company’s share price was $2.26, and it changed around -$0.12 or -5.04% from the last close, which brings the market valuation of the company to $399.20M. LX at last check was trading at a discount to its 52-week high of $3.86, offering almost -70.8% off that amount. The share price’s 52-week low was $1.26, which indicates that the recent value has risen by an impressive 44.25% since then. We note from LexinFintech Holdings Ltd.’s average daily trading volume that its 10-day average is 0.29 million shares, with the 3-month average coming to 470.04K.
LexinFintech Holdings Ltd. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.60. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended LX as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. LexinFintech Holdings Ltd. is expected to report earnings per share of $0 for the current quarter.
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LexinFintech Holdings Ltd. (NASDAQ:LX) trade information
Instantly LX has been showing red trend so far today with a performance of -5.04% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.64 on Tuesday, 05/23/23 increased the stock’s daily price by 14.39%. The company’s shares are currently up 18.95% year-to-date, but still down -13.74% over the last five days. On the other hand, LexinFintech Holdings Ltd. (NASDAQ:LX) is 5.12% down in the 30-day period. We can see from the shorts that 0.83 million shares have been sold at a short interest cover period of 2.26 day(s).
The consensus price target as assigned by Wall Street analysts is $24.63, which translates to bulls needing to increase their stock price by 90.82% from its current value. Analyst projections state that LX is forecast to be at a low of $19.53 and a high of $34.34. In order for the stock price to hit the forecast high, the stock would need to plunge -1419.47% from its current level, while the stock would need to crash -764.16% from its current level to reach the projected low.
LexinFintech Holdings Ltd. (LX) estimates and forecasts
The year-over-year growth rate is expected to be -10.30%, down from the previous year.
Consensus estimates provided by 0 financial analysts predict the company will bring in an average of $335.25 million in revenue for the current quarter. 1 analysts expect LexinFintech Holdings Ltd. to make $1.69 billion in revenue for the quarter ending Sep 2022. The company’s sales for the same quarters a year ago were $454.2 million and $412.5 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -26.20%. Forecasts for the next quarter put sales growth at 309.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 92.30%. LexinFintech Holdings Ltd. earnings are expected to increase by -62.90% in 2023, but the outlook is positive 2.36% per year for the next five years.
LexinFintech Holdings Ltd.’s next quarterly earnings report is expected to be released on May 23.
LexinFintech Holdings Ltd. (NASDAQ:LX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.58% of LexinFintech Holdings Ltd. shares, and 21.58% of them are in the hands of institutional investors. The stock currently has a share float of 22.62%. LexinFintech Holdings Ltd. stock is held by 101 institutions, with FIL LTD being the largest institutional investor. By Mar 30, 2023, it held 7.92% of the shares, which is about 10.87 million shares worth $29.45 million.
Vanguard Group, Inc. (The), with 3.67% or 5.04 million shares worth $13.65 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Vanguard International Stock Index-Emerging Markets Stk and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Jan 30, 2023. The former held 1.86 million shares worth $6.19 million, making up 1.36% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 1.68 million shares worth around $5.58 million, which represents about 1.22% of the total shares outstanding.