Should You Invest In Lufax Holding Ltd ADR (NYSE: LU) In 2024?

In the last trading session, 4.61 million Lufax Holding Ltd ADR (NYSE:LU) shares changed hands as the company’s beta touched 0.92. With the company’s per share price at $2.45 changed hands at -$0.06 or -2.39% during last session, the market valuation stood at $2.05B. LU’s last price was a discount, traded about -69.39% off its 52-week high of $4.15. The share price had its 52-week low at $0.94, which suggests the last value was 61.63% up since then. When we look at Lufax Holding Ltd ADR’s average trading volume, we note the 10-day average is 2.29 million shares, with the 3-month average coming to 3.19 million.

Analysts gave the Lufax Holding Ltd ADR (LU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. 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.

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Lufax Holding Ltd ADR (NYSE:LU) trade information

Instantly LU was in red as seen at the end of in last trading. With action 4.70%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 78.34%, with the 5-day performance at 4.70% in the green. However, in the 30-day time frame, Lufax Holding Ltd ADR (NYSE:LU) is -5.77% down. Looking at the short shares, we see there were 5.97 million shares sold at short interest cover period of 2.34 days.

The consensus price target for the stock as assigned by Wall Street analysts is 3.16, meaning bulls need an upside of 22.47% 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 -112.24% plunge from its current level, while the stock would need to tank 2.04% 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 22.21% over the past 6 months, a -318.18% in annual growth rate that is considerably lower than the industry average of 8.20%.

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 -384.66%, but the outlook for the next 5-year period is at 32.08% per year.

LU Dividends

Lufax Holding Ltd ADR is expected to release its next quarterly earnings report in January.

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.