Lufax Holding Ltd ADR (NYSE: LU) At $2.60 Is Worth A Gamble

During the last session, Lufax Holding Ltd ADR (NYSE:LU)’s traded shares were 1.8 million, with the beta value of the company hitting 0.91. At the end of the trading day, the stock’s price was $2.60, reflecting an intraday loss of -1.89% or -$0.05. The 52-week high for the LU share is $4.15, that puts it down -59.62 from that peak though still a striking 63.85% gain since the share price plummeted to a 52-week low of $0.94. The company’s market capitalization is $2.18B, and the average intraday trading volume over the past 10 days was 2.48 million shares, and the average trade volume was 3.04 million shares over the past three months.

Lufax Holding Ltd ADR (LU) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. LU has a Sell rating from 1 analyst(s) out of 10 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.

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Lufax Holding Ltd ADR (NYSE:LU) trade information

Lufax Holding Ltd ADR (LU) registered a -1.89% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.89% in intraday trading to $2.60, hitting a weekly high. The stock’s 5-day price performance is -10.03%, and it has moved by -29.16% in 30 days. Based on these gigs, the overall price performance for the year is 46.71%. The short interest in Lufax Holding Ltd ADR (NYSE:LU) is 7.11 million shares and it means that shorts have 2.27 day(s) to cover.

The consensus price target of analysts on Wall Street is $3.16, which implies an increase of 17.72% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.4 and $5.2 respectively. As a result, LU is trading at a discount of -100.0% off the target high and 7.69% off the low.

Lufax Holding Ltd ADR (LU) estimates and forecasts

Statistics show that Lufax Holding Ltd ADR has underperformed its competitors in share price, compared to the industry in which it operates. Lufax Holding Ltd ADR (LU) shares have gone up 32.05% during the last six months, with a year-to-date growth rate less than the industry average at -318.18% against 10.40. In the rating firms’ projections, revenue will decrease -28.70% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 780.43M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 1.75B by the end of current fiscal year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -42.05%. While earnings are projected to return -379.71% in 2024, the next five years will return 32.08% per annum.

LU Dividends

Lufax Holding Ltd ADR is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

The next largest institutional holding, with 45991.0 shares, is of PINNACLE WEALTH PLANNING SERVICES, INC.’s that is approximately 0.008% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.11 million.