For Lufax Holding Ltd [LU], Analyst sees a drop to $15. What next?

Lufax Holding Ltd [NYSE: LU] stock went on a downward path that fall over -1.94% on Wednesday, amounting to a one-week price decrease of less than -4.70%. The company report on May 24, 2021 that Lufax Announces Share Repurchase Plan by the Company and Senior Management.

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Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading technology-empowered personal financial services platform in China, announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$300 million of its American depositary shares (“ADSs”) for the next six months.

The Company’s proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company plans to fund repurchases from its existing cash balance.

The one-year Lufax Holding Ltd stock forecast points to a potential upside of 33.62. The average equity rating for LU stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $30.23 billion, with 2.44 billion shares outstanding and 885.37 million shares in the current float. Compared to the average trading volume of 4.74M shares, LU stock reached a trading volume of 5034500 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Lufax Holding Ltd [LU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LU shares is $18.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LU stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Lufax Holding Ltd shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 14, 2021. While these analysts kept the previous recommendation, Macquarie raised their target price to Outperform. The new note on the price target was released on May 13, 2021, representing the official price target for Lufax Holding Ltd stock.

The Average True Range (ATR) for Lufax Holding Ltd is set at 0.49, with the Price to Sales ratio for LU stock in the period of the last 12 months amounting to 0.52. The Price to Book ratio for the last quarter was 2.33, with the Price to Cash per share for the same quarter was set at 1.52.

LU Stock Performance Analysis:

Lufax Holding Ltd [LU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.70. With this latest performance, LU shares gained by 17.94% in over the last four-week period, additionally sinking by -17.84% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LU stock in for the last two-week period is set at 45.96, with the RSI for the last a single of trading hit 44.57, and the three-weeks RSI is set at 45.44 for Lufax Holding Ltd [LU]. The present Moving Average for the last 50 days of trading for this stock 12.80, while it was recorded at 12.47 for the last single week of trading.

Insight into Lufax Holding Ltd Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Lufax Holding Ltd [LU] shares currently have an operating margin of +36.29 and a Gross Margin at +80.47. Lufax Holding Ltd’s Net Margin is presently recorded at +21.58.

Return on Total Capital for LU is now 21.87, given the latest momentum, and Return on Invested Capital for the company is 13.64. Return on Equity for this stock inclined to 19.34, with Return on Assets sitting at 6.01. When it comes to the capital structure of this company, Lufax Holding Ltd [LU] has a Total Debt to Total Equity ratio set at 35.49. Additionally, LU Total Debt to Total Capital is recorded at 26.19, with Total Debt to Total Assets ending up at 11.63. Long-Term Debt to Equity for the company is recorded at 31.37, with the Long-Term Debt to Total Capital now at 23.15.

Reflecting on the efficiency of the workforce at the company, Lufax Holding Ltd [LU] managed to generate an average of $20,517 per employee. Receivables Turnover for the company is 3.74 with a Total Asset Turnover recorded at a value of 0.28.

LU Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lufax Holding Ltd go to 14.60%.

Lufax Holding Ltd [LU] Insider Position Details

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Positions in Lufax Holding Ltd stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 72 institutional holders increased their position in Lufax Holding Ltd [NYSE:LU] by around 28,414,307 shares. Additionally, 41 investors decreased positions by around 12,086,103 shares, while 12 investors held positions by with 130,091,963 shares. The mentioned changes placed institutional holdings at 170,592,373 shares, according to the latest SEC report filing. LU stock had 27 new institutional investments in for a total of 10,744,078 shares, while 12 institutional investors sold positions of 4,482,993 shares during the same period.

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