Lufax Holding Ltd [NYSE: LU] loss -2.56% on the last trading session, reaching $1.90 price per share at the time. The company report on March 12, 2023 that Lufax Reports Fourth Quarter and Full Year 2022 Financial Results.
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Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading financial services enabler for small business owners in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022.
Lufax Holding Ltd represents 2.29 billion in outstanding shares, while the company has a total market value of $4.46 billion with the latest information. LU stock price has been found in the range of $1.8415 to $2.01.
If compared to the average trading volume of 16.44M shares, LU reached a trading volume of 17744539 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 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 $3.19 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 2.40. 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.
JP Morgan have made an estimate for Lufax Holding Ltd shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 25, 2022. The new note on the price target was released on November 25, 2022, representing the official price target for Lufax Holding Ltd stock. Previously, the target price had yet another drop from $1.70 to $1.40, while Credit Suisse kept a Underperform rating on LU stock.
The Average True Range (ATR) for Lufax Holding Ltd is set at 0.16, with the Price to Sales ratio for LU stock in the period of the last 12 months amounting to 0.50. The Price to Book ratio for the last quarter was 0.32, with the Price to Cash per share for the same quarter was set at 2.80.
Trading performance analysis for LU stock
Lufax Holding Ltd [LU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.15. With this latest performance, LU shares dropped by -30.66% in over the last four-week period, additionally sinking by -50.90% over the last 6 months – not to mention a drop of -66.13% 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 LU stock in for the last two-week period is set at 30.92, with the RSI for the last a single of trading hit 23.42, and the three-weeks RSI is set at 36.77 for Lufax Holding Ltd [LU]. The present Moving Average for the last 50 days of trading for this stock 2.5038, while it was recorded at 2.0480 for the last single week of trading, and 3.3680 for the last 200 days.
Lufax Holding Ltd [LU]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Lufax Holding Ltd [LU] shares currently have an operating margin of +34.57 and a Gross Margin at +77.64. Lufax Holding Ltd’s Net Margin is presently recorded at +23.52.
Return on Equity for this stock inclined to 19.25, with Return on Assets sitting at 5.51.
Lufax Holding Ltd [LU]: An earnings per share (EPS) analysis
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 0.10%.
An analysis of insider ownership at Lufax Holding Ltd [LU]
There are presently around $787 million, or 16.60% of LU stock, in the hands of institutional investors. The top three institutional holders of LU stocks are: FARALLON CAPITAL MANAGEMENT LLC with ownership of 38,436,399, which is approximately 87.162% of the company’s market cap and around 4.25% of the total institutional ownership; BLACKROCK INC., holding 34,829,947 shares of the stock with an approximate value of $66.18 million in LU stocks shares; and KRANE FUNDS ADVISORS LLC, currently with $64.0 million in LU stock with ownership of nearly 16.942% of the company’s market capitalization.
Positions in Lufax Holding Ltd stocks held by institutional investors increased at the end of Sunday and at the time of the Sunday reporting period, where 105 institutional holders increased their position in Lufax Holding Ltd [NYSE:LU] by around 111,455,146 shares. Additionally, 57 investors decreased positions by around 49,891,961 shares, while 26 investors held positions by with 252,936,183 shares. The mentioned changes placed institutional holdings at 414,283,290 shares, according to the latest SEC report filing. LU stock had 36 new institutional investments in for a total of 27,147,727 shares, while 21 institutional investors sold positions of 3,699,819 shares during the same period.