Lufax Holding Ltd ADR [NYSE: LU] stock went on a downward path that fall over -1.75% on Wednesday, amounting to a one-week price decrease of less than -17.95%.
Over the last 12 months, LU stock rose by 5.16%. The one-year Lufax Holding Ltd ADR stock forecast points to a potential upside of 11.46. The average equity rating for LU stock is currently 2.67, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.88 billion, with 838.05 million shares outstanding and 837.74 million shares in the current float. Compared to the average trading volume of 4.43M shares, LU stock reached a trading volume of 4321252 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $2.53 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 2.67. 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 0.16, with the Price to Sales ratio for LU stock in the period of the last 12 months amounting to 0.49. The Price to Book ratio for the last quarter was 0.12, with the Price to Cash per share for the same quarter was set at 7.85.
LU Stock Performance Analysis:
Lufax Holding Ltd ADR [LU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.95. With this latest performance, LU shares dropped by -20.00% in over the last four-week period, additionally plugging by 65.75% over the last 6 months – not to mention a rise of 5.16% 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 34.91, with the RSI for the last a single of trading hit 28.98, and the three-weeks RSI is set at 37.63 for Lufax Holding Ltd ADR [LU]. The present Moving Average for the last 50 days of trading for this stock 2.66, while it was recorded at 2.30 for the last single week of trading, and 3.21 for the last 200 days.
LU Stock EPS
With the latest financial reports released by the company, Lufax Holding Ltd ADR posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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 71.12%.
Lufax Holding Ltd ADR [LU] Institutonal Ownership Details
The top three institutional holders of LU stocks are: CAPE ANN ASSET MANAGEMENT LTD with ownership of 1.07 million shares, which is approximately 0.1863%. PINNACLE WEALTH PLANNING SERVICES, INC., holding 45991.0 shares of the stock with an approximate value of $$0.11 million in LU stocks shares; and PINNACLE WEALTH PLANNING SERVICES, INC., currently with $$35185.0 in LU stock with ownership which is approximately 0.0026%.
