Lufax Holding Ltd ADR (NYSE: LU)’s Stock Market Position Could Improve In The Coming Months

NOVA

In today’s recent session, 1.79 million shares of the Lufax Holding Ltd ADR (NYSE:LU) have been traded, and its beta is 0.83. Most recently the company’s share price was $4.36, and it changed around -$0.03 or -0.80% from the last close, which brings the market valuation of the company to $2.37B. LU at last check was trading at a discount to its 52-week high of $7.64, offering almost -75.23% off that amount. The share price’s 52-week low was $2.11, which indicates that the recent value has risen by an impressive 51.61% since then. We note from Lufax Holding Ltd ADR’s average daily trading volume that its 3-month average coming to 5.30 million.

Lufax Holding Ltd ADR (NYSE:LU) trade information

Instantly LU has been showing red trend so far today with a performance of -0.80% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 41.86% year-to-date, but still up 6.48% over the last five days. On the other hand, Lufax Holding Ltd ADR (NYSE:LU) is -2.79% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $4.85, which translates to bulls needing to increase their stock price by 10.1% from its current value. Analyst projections state that LU is forecast to be at a low of $4.5 and a high of $5.2.

Lufax Holding Ltd ADR (LU) estimates and forecasts

Lufax Holding Ltd ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 14.64 percent over the past six months and at a 36.36% annual growth rate that is well above the industry average of 10.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -18.80% in revenue this quarter, and will report a decrease of -20.80% in the next quarter. The year-over-year growth rate is expected to be -14.50%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $1.03 billion in revenue for the current quarter. 1 analysts expect Lufax Holding Ltd ADR to make $1.07 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.47 billion and $1.28 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -29.50%. Forecasts for the next quarter put sales growth at -16.40%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -42.10%. Lufax Holding Ltd ADR earnings are expected to increase by 129.67% in 2024, but the outlook is positive 70.94% per year for the next five years.

LU Dividends

Lufax Holding Ltd ADR’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 0.90 percent and its annual dividend per share was 0.04. It is important to note, however, that the 0.90% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.