Lufax Holding Ltd ADR [LU] is -3.58% lower this YTD. Is it still time to buy?

Lufax Holding Ltd ADR [NYSE: LU] gained 1.72% on the last trading session, reaching $2.96 price per share at the time. The company report on March 12, 2024 at 7:00 AM that Lufax to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on March 21, 2024.

Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced that it plans to release its fourth quarter and fiscal year 2023 financial results before the market opens on Thursday, March 21, 2024 U.S. Eastern Time.

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The Company’s management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Thursday, March 21, 2024 (9:00 A.M. Beijing Time on Friday, March 22, 2024) to discuss the financial results. For participants who wish to join the call, please complete online registration using the link provided below in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers, the event passcode, and a unique access PIN, which can be used to join the conference call.

If compared to the average trading volume of 4.92M shares, LU reached a trading volume of 4983282 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 ADR [LU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LU shares is $3.93 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 2.80. 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.

BofA Securities have made an estimate for Lufax Holding Ltd ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 25, 2024. While these analysts kept the previous recommendation, UBS dropped their target price from $1.60 to $1. The new note on the price target was released on August 24, 2023, representing the official price target for Lufax Holding Ltd ADR stock. Previously, the target price had yet another raise to $2.50, while Bernstein analysts kept a Outperform rating on LU stock.

The Average True Range (ATR) for Lufax Holding Ltd ADR is set at 0.18, with the Price to Sales ratio for LU stock in the period of the last 12 months amounting to 0.30. The Price to Book ratio for the last quarter was 0.13, with the Price to Cash per share for the same quarter was set at 13.89.

Trading performance analysis for LU stock

Lufax Holding Ltd ADR [LU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.29. With this latest performance, LU shares gained by 20.82% in over the last four-week period, additionally sinking by -37.82% over the last 6 months – not to mention a drop of -61.46% 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 58.82, with the RSI for the last a single of trading hit 61.77, and the three-weeks RSI is set at 55.90 for Lufax Holding Ltd ADR [LU]. The present Moving Average for the last 50 days of trading for this stock 2.58, while it was recorded at 2.76 for the last single week of trading, and 4.27 for the last 200 days.

Lufax Holding Ltd ADR [LU]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Lufax Holding Ltd ADR posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -266.70%. 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 ADR go to -8.55%.

An analysis of Institutional ownership at Lufax Holding Ltd ADR [LU]

The top three institutional holders of LU stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in LU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in LU stock with ownership which is approximately 5.8325%.