Lufax Holding Ltd ADR (NYSE: LU) Stock Forecast: An Analysis

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In the last trading session, 5.52 million Lufax Holding Ltd ADR (NYSE:LU) shares changed hands as the company’s beta touched 0.89. With the company’s per share price at $4.07 changed hands at $0.4 or 11.04% during last session, the market valuation stood at $3.42B. LU’s last price was a premium, traded about 7.86% off its 52-week high of $3.75. The share price had its 52-week low at $0.94, which suggests the last value was 76.9% up since then. When we look at Lufax Holding Ltd ADR’s average trading volume, we note the 10-day average is 4.88 million shares, with the 3-month average coming to 3.31 million.

Analysts gave the Lufax Holding Ltd ADR (LU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.67. If we narrow down to specifics, the data shows that 1 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended LU as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Lufax Holding Ltd ADR’s EPS for the current quarter is expected to be -0.01.

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Lufax Holding Ltd ADR (NYSE:LU) trade information

Instantly LU was in green as seen at the end of in last trading. With action 67.70%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 196.62%, with the 5-day performance at 67.70% in the green. However, in the 30-day time frame, Lufax Holding Ltd ADR (NYSE:LU) is 78.73% up. Looking at the short shares, we see there were 11.14 million shares sold at short interest cover period of 2.69 days.

The consensus price target for the stock as assigned by Wall Street analysts is 3.8, meaning bulls need a downside of -7.11% from its current market value. According to analyst projections, LU’s forecast low is 2.4 with 5.2 as the target high. To hit the forecast high, the stock’s price needs a -27.76% plunge from its current level, while the stock would need to tank 41.03% for it to hit the projected low.

Lufax Holding Ltd ADR (LU) estimates and forecasts

Data shows that the Lufax Holding 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 107.91% over the past 6 months, a -140.91% in annual growth rate that is considerably lower than the industry average of 8.20%. Year-over-year growth is forecast to reach -28.00% down 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 855.32M. 1 analysts are of the opinion that Lufax Holding Ltd ADR’s revenue for the current quarter will be 928.18M. The company’s revenue for the corresponding quarters a year ago was 1.11B and 965.76M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -23.00%. The estimates for the next quarter sales put growth at -3.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -42.05%. The 2024 estimates are for Lufax Holding Ltd ADR earnings to decrease by -226.57%, but the outlook for the next 5-year period is at 71.12% per year.

LU Dividends

Lufax Holding Ltd ADR is expected to release its next quarterly earnings report on 2024-Aug-21. The 1.71% annual yield figure for the share gives it an annual dividend of 0.07. It is important to note, however, that the 1.71% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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

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