Lufax Holding Ltd ADR (NYSE: LU): One Stock To Trade As Economic Progress Advances

In recent trading session today, 2.55 million shares of the Lufax Holding Ltd ADR (NYSE:LU) have been traded, and its beta is 0.87. Most recently the company’s share price was $3.41, and it changed around -$0.56 or -13.98% from the last close, which brings the market valuation of the company to $2.86B. LU at last check was trading at a discount to its 52-week high of $4.15, offering almost -21.7% off that amount. The share price’s 52-week low was $0.94, which indicates that the recent value has risen by an impressive 72.43% since then. We note from Lufax Holding Ltd ADR’s average daily trading volume that its 10-day average is 6.83 million shares, with the 3-month average coming to 3.13 million.

Lufax Holding Ltd ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.89. If we narrow it down even further, the data shows that 1 out of 12 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 6 recommended LU as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Lufax Holding Ltd ADR is expected to report earnings per share of -0.01 for the current quarter.

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Lufax Holding Ltd ADR (NYSE:LU) trade information

Instantly LU has been showing red trend so far today with a performance of -13.98% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.15 on recent trading dayincreased the stock’s daily price by 17.83%. The company’s shares are currently up 148.58% year-to-date, but still down -6.95% over the last five days. On the other hand, Lufax Holding Ltd ADR (NYSE:LU) is 54.52% up in the 30-day period. We can see from the shorts that 11.14 million shares have been sold at a short interest cover period of 2.69 day(s).

The consensus price target as assigned by Wall Street analysts is $3.8, which translates to bulls needing to increase their stock price by 10.26% from its current value. Analyst projections state that LU is forecast to be at a low of $2.4 and a high of $5.2.

Lufax Holding Ltd ADR (LU) estimates and forecasts

Lufax Holding Ltd ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 71.88 percent over the past six months and at a -140.91% annual growth rate that is well below the industry average of 7.90%. The year-over-year growth rate is expected to be -27.40%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 862.27M in revenue for the current quarter. 1 analysts expect Lufax Holding Ltd ADR to make 928.18M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.11B and 965.76M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -22.40%. Forecasts for the next quarter put sales growth at -3.90%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -42.05%. Lufax Holding Ltd ADR earnings are expected to increase by -235.29% in 2024, but the outlook is positive 41.64% per year for the next five years.

LU Dividends

Lufax Holding Ltd ADR’s next quarterly earnings report is expected to be released on 2024-Aug-21. The annual dividend yield of the stock is 2.04 percent and its annual dividend per share was 0.07. It is important to note, however, that the 2.04% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Lufax Holding Ltd ADR (NYSE:LU)’s Major holders

PINNACLE WEALTH PLANNING SERVICES, INC., with 0.008% or 45991.0 shares worth $0.11 million as of 2024-06-30, holds the second largest percentage of outstanding shares.