Why Investors Should Stick to LexinFintech Holdings Ltd ADR (NASDAQ: LX) Stock in 2024

ZM Stock

In the last trading session, 7.92 million LexinFintech Holdings Ltd ADR (NASDAQ:LX) shares changed hands as the company’s beta touched 0.71. With the company’s per share price at $5.19 changed hands at $0.12 or 2.37% during last session, the market valuation stood at $668.16M. LX’s last price was a premium, traded about 1.73% off its 52-week high of $5.10. The share price had its 52-week low at $1.56, which suggests the last value was 69.94% up since then. When we look at LexinFintech Holdings Ltd ADR’s average trading volume, we note the 10-day average is 5.06 million shares, with the 3-month average coming to 4.34 million.

Analysts gave the LexinFintech Holdings Ltd ADR (LX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.20. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended LX as a Hold, 3 felt it is a Buy and 1 rated the stock as Underweight.

LexinFintech Holdings Ltd ADR (NASDAQ:LX) trade information

Instantly LX was in green as seen at the end of in last trading. With action 53.10%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 182.07%, with the 5-day performance at 53.10% in the green. However, in the 30-day time frame, LexinFintech Holdings Ltd ADR (NASDAQ:LX) is 63.46% up. Looking at the short shares, we see there were 1.25 million shares sold at short interest cover period of 0.19 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -13.91%. The 2024 estimates are for LexinFintech Holdings Ltd ADR earnings to increase by 96.48%, but the outlook for the next 5-year period is at 2.36% per year.

LX Dividends

LexinFintech Holdings Ltd ADR is expected to release its next quarterly earnings report in January. The 2.66% annual yield figure for the share gives it an annual dividend of 0.14. It is important to note, however, that the 2.66% 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.

TWO SIGMA ADVISERS, LP holds the second largest percentage of outstanding shares, with 0.9903% or 1.64 million shares worth $2.7 million as of 2024-06-30.