Lufax Holding Ltd ADR (LU) Falls -0.64%, Causing Bears To Lose

Lufax Holding Ltd ADR (NYSE:LU) has a beta value of 0.90 and has seen 1.11 million shares traded in the recent trading session. The company, currently valued at $1.94B, closed the recent trade at $2.32 per share which meant it lost -$0.01 on the day or -0.64% during that session. The LU stock price is -78.88% off its 52-week high price of $4.15 and 59.48% above the 52-week low of $0.94. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.29 million shares traded. The 3-month trading volume is 3.18 million shares.

The consensus among analysts is that Lufax Holding Ltd ADR (LU) is Buy stock at the moment, with a recommendation rating of 3.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 10 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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Lufax Holding Ltd ADR (NYSE:LU) trade information

Sporting -0.64% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LU stock price touched $2.32 or saw a rise of 5.31%. Year-to-date, Lufax Holding Ltd ADR shares have moved 68.51%, while the 5-day performance has seen it change -3.54%. Over the past 30 days, the shares of Lufax Holding Ltd ADR (NYSE:LU) have changed -15.51%. Short interest in the company has seen 5.32 million shares shorted with days to cover at 1.41.

Wall Street analysts have a consensus price target for the stock at $3.16, which means that the shares’ value could jump 26.58% from the levels at last check today. The projected low price target is $2.4 while the price target rests at a high of $5.2. In that case, then, we find that the latest price level in today’s session is -124.14% off the targeted high while a plunge would see the stock gain -3.45% from the levels at last check today.

Lufax Holding Ltd ADR (LU) estimates and forecasts

Figures show that Lufax Holding Ltd ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 14.45% over the past 6 months, with this year growth rate of -318.18%, compared to 8.50% for the industry. Revenue growth from the last financial year stood is estimated to be -27.76%.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -42.05% over the past 5 years. Earnings growth for 2024 is a modest -384.59% while over the next 5 years, the company’s earnings are expected to increase by 32.08%.

LU Dividends

Lufax Holding Ltd ADR is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

The top two institutional holders are CAPE ANN ASSET MANAGEMENT LTD with over 1.07 million shares worth more than $2.53 million. As of 2024-06-30, CAPE ANN ASSET MANAGEMENT LTD held 0.1863% of shares outstanding.

The other major institutional holder is PINNACLE WEALTH PLANNING SERVICES, INC., with the holding of over 45991.0 shares as of 2024-06-30. The firm’s total holdings are worth over $0.11 million and represent 0.008% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are KraneShares CSI China Internet ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF. As of Jun 30, 2024, the former fund manager holds about 0.94% shares in the company for having 8.13 shares of worth $18.73 million while later fund manager owns 2.9 shares of worth $6.68 million as of Sep 30, 2024, which makes it owner of about 0.33% of company’s outstanding stock.