Lufax Holding Ltd ADR (NYSE:LU) has a beta value of 0.84 and has seen 0.43 million shares traded in the recent trading session. The company, currently valued at $1.68B, closed the recent trade at $2.94 per share which meant it gained $0.03 on the day or 0.99% during that session. The LU stock price is -196.6% off its 52-week high price of $8.72 and 28.23% above the 52-week low of $2.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.9 million shares traded. The 3-month trading volume is 4.63 million shares.
Lufax Holding Ltd ADR (NYSE:LU) trade information
Sporting 0.99% in the green today, the stock has traded in the green over the last five days, when the LU stock price touched $2.94 or saw a rise of 4.85%. Year-to-date, Lufax Holding Ltd ADR shares have moved -4.27%, while the 5-day performance has seen it change 9.25%. Over the past 30 days, the shares of Lufax Holding Ltd ADR (NYSE:LU) have changed 20.45%. Short interest in the company has seen 13.96 million shares shorted with days to cover at 3.71.
Lufax Holding Ltd ADR (LU) estimates and forecasts
Figures show that Lufax Holding Ltd ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -33.81% over the past 6 months, with this year growth rate of -80.45%, compared to 12.20% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 90.00% and -25.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -42.20%.
4 analysts offering their estimates for the company have set an average revenue estimate of $1.05 billion for the current quarter. 2 have an estimated revenue figure of $1.02 billion for the next quarter concluding in Mar 2024. Year-ago sales stood $1.79 billion and $1.47 billion respectively for this quarter and the next, and analysts expect sales will shrink by -41.00% for the current quarter and -30.40% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 9.51% over the past 5 years. Earnings growth for 2024 is a modest -79.97% while over the next 5 years, the company’s earnings are expected to decrease by -8.55%.
LU Dividends
Lufax Holding Ltd ADR is expected to release its next earnings report on March 21 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.36 at a share yield of 12.11%. The company’s dividend yield has gone up over the past 12 months.
Lufax Holding Ltd ADR (NYSE:LU)’s Major holders
Insiders own 2.88% of the company shares, while shares held by institutions stand at 16.50% with a share float percentage of 16.98%. Investors are also buoyed by the number of investors in a company, with Lufax Holding Ltd ADR having a total of 228 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 7.92 million shares worth more than $23.69 million. As of Dec 30, 2023, Blackrock Inc. held 1.38% of shares outstanding.
The other major institutional holder is Krane Funds Advisors LLC, with the holding of over 7.65 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $22.87 million and represent 1.33% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are KraneShares CSI China Internet ETF and Baron Emerging Markets Fund. As of Dec 30, 2023, the former fund manager holds about 1.24% shares in the company for having 7.12 million shares of worth $21.28 million while later fund manager owns 3.47 million shares of worth $10.38 million as of Dec 30, 2023, which makes it owner of about 0.61% of company’s outstanding stock.
