360 DigiTech Inc. [QFIN] fell -19.54% so far this year. What now?



360 DigiTech Inc. [NASDAQ: QFIN] loss -8.03% or -1.61 points to close at $18.45 with a heavy trading volume of 4240486 shares. The company report on November 15, 2021 that 360 DigiTech Announces Third Quarter 2021 Unaudited Financial Results and Declares Quarterly Dividend.

360 DigiTech, Inc. (QFIN) (“360 DigiTech” or the “Company”), a leading financial technology platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.

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It opened the trading session at $20.10, the shares rose to $20.67 and dropped to $18.2803, the range by which the price of stock traded the whole day. The daily chart for QFIN points out that the company has recorded -36.31% loss over the past six months. However, it is still -48.79% lower than its most recent low trading price.

If we look at the average trading volume of 1.34M shares, QFIN reached to a volume of 4240486 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 360 DigiTech Inc. [QFIN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QFIN shares is $39.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QFIN stock is a recommendation set at 1.40. 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.

Jefferies have made an estimate for 360 DigiTech Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 05, 2021. While these analysts kept the previous recommendation, CLSA raised their target price to Buy. The new note on the price target was released on July 16, 2020, representing the official price target for 360 DigiTech Inc. stock.

The Average True Range (ATR) for 360 DigiTech Inc. is set at 1.72, with the Price to Sales ratio for QFIN stock in the period of the last 12 months amounting to 1.20. The Price to Book ratio for the last quarter was 1.28, with the Price to Cash per share for the same quarter was set at 4.18.

Trading performance analysis for QFIN stock

360 DigiTech Inc. [QFIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.22. With this latest performance, QFIN shares dropped by -22.15% in over the last four-week period, additionally sinking by -36.31% over the last 6 months – not to mention a rise of 45.85% in the past year of trading.

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 QFIN stock in for the last two-week period is set at 38.17, with the RSI for the last a single of trading hit 33.87, and the three-weeks RSI is set at 40.89 for 360 DigiTech Inc. [QFIN]. The present Moving Average for the last 50 days of trading for this stock 22.43, while it was recorded at 19.90 for the last single week of trading, and 25.24 for the last 200 days.

360 DigiTech Inc. [QFIN]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and 360 DigiTech Inc. [QFIN] shares currently have an operating margin of +27.94 and a Gross Margin at +83.54. 360 DigiTech Inc.’s Net Margin is presently recorded at +25.78.

Return on Total Capital for QFIN is now 42.95, given the latest momentum, and Return on Invested Capital for the company is 40.66. Return on Equity for this stock inclined to 40.77, with Return on Assets sitting at 15.23. When it comes to the capital structure of this company, 360 DigiTech Inc. [QFIN] has a Total Debt to Total Equity ratio set at 2.43. Additionally, QFIN Total Debt to Total Capital is recorded at 2.37, with Total Debt to Total Assets ending up at 0.94. Long-Term Debt to Equity for the company is recorded at 0.16, with the Long-Term Debt to Total Capital now at 0.15.

Reflecting on the efficiency of the workforce at the company, 360 DigiTech Inc. [QFIN] managed to generate an average of $308,333 per employee. Receivables Turnover for the company is 2.17 with a Total Asset Turnover recorded at a value of 0.59.360 DigiTech Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.

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An analysis of insider ownership at 360 DigiTech Inc. [QFIN]

There are presently around $1,449 million, or 62.20% of QFIN stock, in the hands of institutional investors. The top three institutional holders of QFIN stocks are: FOUNTAINVEST CHINA CAPITAL PARTNERS GP3 LTD. with ownership of 12,734,508, which is approximately 0% of the company’s market cap and around 18.79% of the total institutional ownership; MORGAN STANLEY, holding 11,910,305 shares of the stock with an approximate value of $219.75 million in QFIN stocks shares; and ASPEX MANAGEMENT (HK) LTD, currently with $167.62 million in QFIN stock with ownership of nearly 8.348% of the company’s market capitalization.

Positions in 360 DigiTech Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 87 institutional holders increased their position in 360 DigiTech Inc. [NASDAQ:QFIN] by around 14,087,114 shares. Additionally, 91 investors decreased positions by around 10,635,993 shares, while 11 investors held positions by with 53,837,978 shares. The mentioned changes placed institutional holdings at 78,561,085 shares, according to the latest SEC report filing. QFIN stock had 24 new institutional investments in for a total of 2,453,953 shares, while 44 institutional investors sold positions of 3,674,421 shares during the same period.