Lufax Holding Ltd ADR (NYSE:LU) Could Experience 64.26% Growth

In recent trading session, Lufax Holding Ltd ADR (NYSE:LU) saw 0.92 million shares changing hands at last check today with its beta currently measuring 0.91. Company’s recent per share price level of $3.00 trading at -$0.22 or -6.87% at last check today assigns it a market valuation of $2.51B. That most recent trading price of LU’s stock is at a discount of -38.33% from its 52-week high price of $4.15 and is indicating a premium of 68.67% from its 52-week low price of $0.94. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.75 million shares which gives us an average trading volume of 2.91 million if we extend that period to 3-months.

For Lufax Holding Ltd ADR (LU), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 10 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.01 in the current quarter.

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Lufax Holding Ltd ADR (NYSE:LU) trade information

Upright in the red during last session for losing -6.87%, in the last five days LU remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $3.00 price level, adding 15.25% to its value on the day. Lufax Holding Ltd ADR’s shares saw a change of 118.29% in year-to-date performance and have moved -11.80% in past 5-day. Lufax Holding Ltd ADR (NYSE:LU) showed a performance of 35.70% in past 30-days. Number of shares sold short was 6.96 million shares which calculate 2.27 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.8 to the stock, which implies a rise of 21.05% to its recent value today. Analysts have been projecting 2.4 as a low price target for the stock while placing it at a high target of 5.2. It follows that stock’s current price would jump 20.0% in reaching the projected high whereas dropping to the targeted low would mean a gain of 20.0% for stock’s current value.

Lufax Holding Ltd ADR (LU) estimates and forecasts

Statistics highlight that Lufax Holding Ltd ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 56.95% of value to its shares in past 6 months, showing an annual growth rate of -140.91% while that of industry is 8.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -27.50% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 861.41M for the same. And 1 analysts are in estimates of company making revenue of 928.18M in the next quarter. Company posted 1.11B and 965.76M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -42.05% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -272.41% while estimates for its earnings growth in next 5 years are of 41.64%.

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

CAPE ANN ASSET MANAGEMENT LTD is the top institutional holder at LU for having 1.07 million shares of worth $2.53 million. And as of 2024-06-30, it was holding 0.1863 of the company’s outstanding shares.

The second largest institutional holder is PINNACLE WEALTH PLANNING SERVICES, INC., which was holding about 45991.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.008 of outstanding shares, having a total worth of $0.11 million.