CNFinance Holdings Ltd ADR (NYSE: CNF) Could Soar To Much Higher Prices In Coming Months

In the last trading session, 1.14 million CNFinance Holdings Ltd ADR (NYSE:CNF) shares changed hands as the company’s beta touched -0.02. With the company’s per share price at $1.95 changed hands at $0.7 or 55.69% during last session, the market valuation stood at $133.46M. CNF’s last price was a discount, traded about -110.26% off its 52-week high of $4.10. The share price had its 52-week low at $0.86, which suggests the last value was 55.9% up since then. When we look at CNFinance Holdings Ltd ADR’s average trading volume, we note the 10-day average is 0.13 million shares, with the 3-month average coming to 58.87K.

CNFinance Holdings Ltd ADR (NYSE:CNF) trade information

Instantly CNF was in green as seen at the end of in last trading. With action 98.58%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -12.34%, with the 5-day performance at 98.58% in the green. However, in the 30-day time frame, CNFinance Holdings Ltd ADR (NYSE:CNF) is 75.32% up. Looking at the short shares, we see there were 16719.0 shares sold at short interest cover period of 0.24 days.

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CNFinance Holdings Ltd ADR (CNF) estimates and forecasts

Data shows that the CNFinance Holdings 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 -4.60% over the past 6 months, a -12.50% in annual growth rate that is considerably lower than the industry average of 17.80%. Year-over-year growth is forecast to reach 11.30% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 69.83M. 1 analysts are of the opinion that CNFinance Holdings Ltd ADR’s revenue for the current quarter will be 131.99M. The company’s revenue for the corresponding quarters a year ago was 63.7M and 62.09M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.60%. The estimates for the next quarter sales put growth at 112.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -31.16%. The 2024 estimates are for CNFinance Holdings Ltd ADR earnings to decrease by -9.89%.

CNF Dividends

CNFinance Holdings Ltd ADR is expected to release its next quarterly earnings report in November.

GAGNON SECURITIES LLC holds the second largest percentage of outstanding shares, with 2.2168% or 1.52 million shares worth $2.46 million as of 2024-06-30.