A Look at FinVolution Group (FINV) Shares in the Recent Past Indicates Growth

FinVolution Group (NYSE: FINV) stock jumped 1.76% on Tuesday to $4.04 against a previous-day closing price of $3.97. With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.83 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $4.0700 whereas the lowest price it dropped to was $3.9000. The 52-week range on FINV shows that it touched its highest point at $5.92 and its lowest point at $3.55 during that stretch. It currently has a 1-year price target of $5.98. With its current market cap of 1.14 billion, FINV has annualized dividend of $0.21 while the current yield stands at 5.32%. Beta for the stock currently stands at 0.59.

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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 FINV was down-trending over the past week, with a drop of -1.46%, but this was up by 9.19% over a month. Three-month performance dropped to -24.63% while six-month performance fell -13.30%. The stock gained 7.73% in the past year, while it has lost -18.55% so far this year. A look at the trailing 12-month EPS for FINV yields 1.19 with Next year EPS estimates of 1.45. EPS is expected to grow by 0.12% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.20%.

Float and Shares Shorts:

At present, 282.12 million FINV shares are outstanding with a float of 130.38 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.52 million, which was 0.19% higher than short shares on Mar 30, 2023. In addition to Mr. Shaofeng Gu as the firm’s Chairman & Chief Innovation Officer, Mr. Tiezheng Li serves as its Co-Founder, CEO, Pres & Vice Chairman.

Institutional Ownership:

Through their ownership of 49.25% of FINV’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 34.95% of FINV, in contrast to 20.57% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in FINV with 9.92% of the stake, Susquehanna Financial Group LLLP holds 16,488,962 shares worth 16,488,962. A second-largest stockholder of FINV, BIT Capital GmbH, holds 13,342,984 shares, controlling over 8.02% of the firm’s shares. Gold Dragon Worldwide Asseet Mana is the third largest shareholder in FINV, holding 13,020,642 shares or 7.83% stake. With a 4.28% stake in FINV, the Global Internet Leaders SICAV-FIS is the largest stakeholder. A total of 7,115,537 shares are owned by the mutual fund manager. The BIT Global Internet Leaders 30, which owns about 2.74% of FINV stock, is the second-largest Mutual Fund holder. It holds 4,560,981 shares valued at 18.15 million. Allspring Emerging Markets Equity holds 2.65% of the stake in FINV, owning 4,401,985 shares worth 17.52 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, FINV reported revenue of $2.67B and operating income of $656.69M. The EBITDA in the recently reported quarter was $656.69M and diluted EPS was $2.00.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FINV since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FINV analysts setting a high price target of $46.27 and a low target of $32.90, the average target price over the next 12 months is $41.57. Based on these targets, FINV could surge 1045.3% to reach the target high and rise by 714.36% to reach the target low. Reaching the average price target will result in a growth of 928.96% 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.

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