In the latest trading session, 7.33 million Lufax Holding Ltd ADR (NYSE:LU) shares changed hands as the company’s beta touched 0.80. With the company’s most recent per share price at $0.95 changing hands around $0.04 or 4.58% at last look, the market valuation stands at $2.18B. LU’s current price is a discount, trading about -249.47% off its 52-week high of $3.32. The share price had its 52-week low at $0.82, which suggests the last value was 13.68% up since then. When we look at Lufax Holding Ltd ADR’s average trading volume, we note the 10-day average is 33.15 million shares, with the 3-month average coming to 14.59 million.
Analysts gave the Lufax Holding Ltd ADR (LU) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.81. If we narrow down to specifics, the data shows that 3 out of 16 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 6 recommended LU as a Hold, 4 felt it is a Buy and 1 rated the stock as Underweight. Lufax Holding Ltd ADR’s EPS for the current quarter is expected to be $0.01.
Lufax Holding Ltd ADR (NYSE:LU) trade information
Instantly LU is in green as seen in intraday trades today. With action -6.79%, the performance over the past five days has been red. The jump to weekly highs of 1.0300 on Friday, 11/17/23 added 4.58% to the stock’s daily price. The company’s shares are showing year-to-date downside of -50.99%, with the 5-day performance at -6.79% in the red. However, in the 30-day time frame, Lufax Holding Ltd ADR (NYSE:LU) is 0.11% up. Looking at the short shares, we see there were 25.76 million shares sold at short interest cover period of 1.85 days.
The consensus price target for the stock as assigned by Wall Street analysts is $8.66, meaning bulls need an upside of 89.03% from its recent market value. According to analyst projections, LU’s forecast low is $3.50 with $11.30 as the target high. To hit the forecast high, the stock’s price needs a -1089.47% plunge from its current level, while the stock would need to soar -268.42% for it to hit the projected low.
Lufax Holding Ltd ADR (LU) estimates and forecasts
Data shows that the Lufax Holding Ltd ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -39.83% over the past 6 months, a -69.09% in annual growth rate that is considerably lower than the industry average of -0.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Lufax Holding Ltd ADR will rise 120.00%, while the growth in revenue is estimated to hit -50.00% for the next quarter. Year-over-year growth is forecast to reach -41.60% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $1.02 billion. 1 analysts are of the opinion that Lufax Holding Ltd ADR’s revenue for the quarter ending Mar 2024 will be $997.48 million. The company’s revenue for the corresponding quarters a year ago was $1.79 billion and $1.47 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -42.70%. The estimates for the next quarter sales put growth at -32.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.51%. The 2023 estimates are for Lufax Holding Ltd ADR earnings to decrease by -74.93%, but the outlook for the next 5-year period is at -8.55% per year.
Lufax Holding Ltd ADR is expected to release its next quarterly earnings report on November 14. The 3.75% annual yield figure for the share gives it an annual dividend of 0.04. It is important to note, however, that the 3.75% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Lufax Holding Ltd ADR (NYSE:LU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.24% of Lufax Holding Ltd ADR shares while 19.96% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 20.84%. There are 19.96% institutions holding the Lufax Holding Ltd ADR stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 1.48% of the shares, roughly 33.98 million LU shares worth $48.6 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 1.22% or 27.9 million shares worth $39.9 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were KraneShares CSI China Internet ETF and Baron Emerging Markets Fund. With 25.3 million shares estimated at $36.18 million under it, the former controlled 1.10% of total outstanding shares. On the other hand, Baron Emerging Markets Fund held about 0.51% of the shares, roughly 11.77 million shares worth around $16.83 million.