Qifu Technology Inc. ADR [NASDAQ: QFIN] price surged by 4.84 percent to reach at $2.14.
The one-year QFIN stock forecast points to a potential upside of 15.43. The average equity rating for QFIN stock is currently 1.15, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Qifu Technology Inc. ADR [QFIN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QFIN shares is $54.83 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 1.15. 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.
Nomura have made an estimate for Qifu Technology Inc. ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 18, 2023. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on July 06, 2023, representing the official price target for Qifu Technology Inc. ADR stock. Previously, the target price had yet another raise to $20.80, while China Renaissance analysts kept a Buy rating on QFIN stock.
The Average True Range (ATR) for Qifu Technology Inc. ADR is set at 2.56, with the Price to Sales ratio for QFIN stock in the period of the last 12 months amounting to 2.79. The Price to Book ratio for the last quarter was 1.99, with the Price to Cash per share for the same quarter was set at 9.72.
QFIN Stock Performance Analysis:
Qifu Technology Inc. ADR [QFIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.71. With this latest performance, QFIN shares gained by 15.52% in over the last four-week period, additionally plugging by 78.69% over the last 6 months – not to mention a rise of 144.57% 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 59.28, with the RSI for the last a single of trading hit 61.28, and the three-weeks RSI is set at 58.18 for Qifu Technology Inc. ADR [QFIN]. The present Moving Average for the last 50 days of trading for this stock 41.70, while it was recorded at 45.19 for the last single week of trading, and 31.59 for the last 200 days.
QFIN 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 QFIN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Qifu Technology Inc. ADR go to 15.03%.
Qifu Technology Inc. ADR [QFIN] Institutonal Ownership Details
There are presently around $70.40%, or 71.13%% of QFIN stock, in the hands of institutional investors. The top three institutional holders of QFIN stocks are: MORGAN STANLEY with ownership of 8.9 million shares, which is approximately 5.7521%. ASPEX MANAGEMENT (HK) LTD, holding 7.91 million shares of the stock with an approximate value of $$155.97 million in QFIN stocks shares; and ASPEX MANAGEMENT (HK) LTD, currently with $$148.1 million in QFIN stock with ownership which is approximately 4.8501%.
