Lufax Holding Ltd (NYSE: LU) stock fell -7.50% on Friday to $1.11 against a previous-day closing price of $1.20. With 15.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 9.39 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $1.2000 whereas the lowest price it dropped to was $1.1100. The 52-week range on LU shows that it touched its highest point at $3.69 and its lowest point at $1.12 during that stretch. It currently has a 1-year price target of $1.58. With its current market cap of 2.75 billion, LU has annualized dividend of $0.08 while the current yield stands at 7.03%. Beta for the stock currently stands at 0.81.
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 LU was down-trending over the past week, with a drop of -5.13%, but this was down by -15.27% over a month. Three-month performance dropped to -33.93% while six-month performance fell -39.67%. The stock lost -69.67% in the past year, while it has lost -42.78% so far this year. A look at the trailing 12-month EPS for LU yields 0.13 with Next year EPS estimates of 0.29. For the next quarter, that number is 0.03. This implies an EPS growth rate of -38.60% for this year and 81.20% for next year. EPS is expected to decline by -8.55% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.20%.
Float and Shares Shorts:
At present, 2.30 billion LU shares are outstanding with a float of 2.20 billion shares on hand for trading. On Aug 30, 2023, short shares totaled 26.16 million, which was 1.14% higher than short shares on Jul 30, 2023. In addition to Mr. Yong Suk Cho as the firm’s Co-CEO & Chairman, Mr. Gregory Dean Gibb serves as its Co-CEO & Director.
Through their ownership of 19.96% of LU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.56% of LU, in contrast to 8.54% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in LU with 1.19% of the stake, Krane Funds Advisors LLC holds 27,198,819 shares worth 27,198,819. A second-largest stockholder of LU, Baillie Gifford & Co., holds 25,189,314 shares, controlling over 1.10% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in LU, holding 20,994,814 shares or 0.92% stake. With a 1.27% stake in LU, the KraneShares CSI China Internet ET is the largest stakeholder. A total of 29,063,861 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 0.66% of LU stock, is the second-largest Mutual Fund holder. It holds 15,165,927 shares valued at 18.35 million. Baron Emerging Markets Fund holds 0.62% of the stake in LU, owning 14,112,427 shares worth 17.08 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LU 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 LU analysts setting a high price target of $18.23 and a low target of $7.28, the average target price over the next 12 months is $10.96. Based on these targets, LU could surge 1542.34% to reach the target high and rise by 555.86% to reach the target low. Reaching the average price target will result in a growth of 887.39% 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.