In today’s recent session, 0.66 million shares of the Qifu Technology Inc. ADR (NASDAQ:QFIN) have been traded, and its beta is 0.63. Most recently the company’s share price was $38.87, and it changed around $0.24 or 0.62% from the last close, which brings the market valuation of the company to $5.02B. QFIN at last check was trading at a discount to its 52-week high of $48.94, offering almost -25.91% off that amount. The share price’s 52-week low was $17.76, which indicates that the recent value has risen by an impressive 54.31% since then. We note from Qifu Technology Inc. ADR’s average daily trading volume that its 10-day average is 3.0 million shares, with the 3-month average coming to 1.92 million.
Qifu Technology Inc. ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.15. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended QFIN as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Qifu Technology Inc. ADR is expected to report earnings per share of 0 for the current quarter.
Qifu Technology Inc. ADR (NASDAQ:QFIN) trade information
Instantly QFIN has been showing a green trend so far today with a performance of 0.62% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 40.99 on recent trading dayincreased the stock’s daily price by 5.17%. The company’s shares are currently up 1.28% year-to-date, but still up 8.39% over the last five days. On the other hand, Qifu Technology Inc. ADR (NASDAQ:QFIN) is -17.53% down in the 30-day period. We can see from the shorts that 8.24 million shares have been sold at a short interest cover period of 3.62 day(s).
The consensus price target as assigned by Wall Street analysts is $28.15, which translates to bulls needing to decrease their stock price by -38.08% from its current value. Analyst projections state that QFIN is forecast to be at a low of $27.9 and a high of $28.4.
Qifu Technology Inc. ADR (QFIN) estimates and forecasts
The year-over-year growth rate is expected to be 5.31%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 4.61B in revenue for the current quarter. 1 analysts expect Qifu Technology Inc. ADR to make 4.62B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 11.06%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.01%. Qifu Technology Inc. ADR earnings are expected to increase by 22.69% in 2025, but the outlook is positive 16.74% per year for the next five years.
QFIN Dividends
Qifu Technology Inc. ADR’s next quarterly earnings report is expected to be released on 2025-Mar-15. The annual dividend yield of the stock is 1.54 percent and its annual dividend per share was 0.60. It is important to note, however, that the 1.54% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Qifu Technology Inc. ADR (NASDAQ:QFIN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.80% of Qifu Technology Inc. ADR shares, and 78.02% of them are in the hands of institutional investors. The stock currently has a share float of 79.44%. Qifu Technology Inc. ADR stock is held by 452.0 institutions, with MORGAN STANLEY being the largest institutional investor. By 2024-06-30, it held 5.7521% of the shares, which is about 8.9 million shares worth $175.64 million.
ASPEX MANAGEMENT (HK) LTD, with 5.108% or 7.91 million shares worth $155.97 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Krane Shares Trust-KraneShares CSI China Internet ETF and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 5.26 shares worth $204.78 million, making up 3.23% of all outstanding shares. On the other hand, VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund held roughly 1.54 shares worth around $59.83 million, which represents about 0.94% of the total shares outstanding.
