This trade activity should not be overlooked: LexinFintech Holdings Ltd. (LX)

LexinFintech Holdings Ltd. (NASDAQ: LX) stock jumped 6.15% on Friday to $3.45 against a previous-day closing price of $3.25. With 0.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.86 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $3.4600 whereas the lowest price it dropped to was $3.2450. The 52-week range on LX shows that it touched its highest point at $3.99 and its lowest point at $1.26 during that stretch. It currently has a 1-year price target of $2.54. Beta for the stock currently stands at 0.51.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LX was up-trending over the past week, with a rise of 10.22%, but this was up by 92.74% over a month. Three-month performance surged to 119.75% while six-month performance rose 58.26%. The stock gained 3.29% in the past year, while it has gained 81.58% so far this year. A look at the trailing 12-month EPS for LX yields 0.58 with Next year EPS estimates of 1.26. EPS is expected to grow by 2.36% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 59.30%.

Float and Shares Shorts:

At present, 168.45 million LX shares are outstanding with a float of 39.24 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.27 million, which was 1.23% higher than short shares on Sep 14, 2022. In addition to Mr. Wenjie Xiao as the firm’s Chairman & CEO, Mr. Yi Wu serves as its Pres & Director.

Institutional Ownership:

Through their ownership of 23.94% of LX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.32% of LX, in contrast to 12.09% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in LX with 2.96% of the stake, The Vanguard Group, Inc. holds 4,053,502 shares worth 4,053,502. A second-largest stockholder of LX, FIL Investment Advisors, holds 2,789,421 shares, controlling over 2.03% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in LX, holding 2,228,900 shares or 1.63% stake. With a 2.00% stake in LX, the Fidelity China Special Situations is the largest stakeholder. A total of 2,736,366 shares are owned by the mutual fund manager. The Vanguard Emerging Markets Stock I, which owns about 1.36% of LX stock, is the second-largest Mutual Fund holder. It holds 1,863,326 shares valued at 3.54 million. Fidelity Funds SICAV – Pacific Fu holds 1.33% of the stake in LX, owning 1,827,847 shares worth 3.47 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LX since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LX analysts setting a high price target of $19.10 and a low target of $12.81, the average target price over the next 12 months is $16.15. Based on these targets, LX could surge 453.62% to reach the target high and rise by 271.3% to reach the target low. Reaching the average price target will result in a growth of 368.12% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LX will report FY 2022 earnings on 03/13/2024. Analysts have provided yearly estimates in a range of $5.21 being high and $3.31 being low. For LX, this leads to a yearly average estimate of $4.19. Based on analyst estimates, the high estimate for the next quarter is $2.26 and the low estimate is $2.26. The average estimate for the next quarter is thus $2.26.

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