Does Qifu Technology Inc. (QFIN) offer a good opportunity for investors?

Qifu Technology Inc. (NASDAQ: QFIN) stock fell -4.35% on Monday to $14.97 against a previous-day closing price of $15.65. With 0.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.87 million shares. The 52-week range on QFIN shows that it touched its highest point at $25.49 and its lowest point at $9.47 during that stretch. It currently has a 1-year price target of $24.76. With its current market cap of 2.49 billion, QFIN has annualized dividend of $0.82 while the current yield stands at 5.48%. Beta for the stock currently stands at 0.55.

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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 QFIN was down-trending over the past week, with a drop of -4.98%, but this was down by -7.88% over a month. Three-month performance dropped to -7.19% while six-month performance fell -11.32%. The stock gained 5.13% in the past year, while it has lost -26.47% so far this year. A look at the trailing 12-month EPS for QFIN yields 3.27 with Next year EPS estimates of 4.45. For the next quarter, that number is 1.06. This implies an EPS growth rate of -30.50% for this year and 17.70% for next year. EPS is expected to grow by 2.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 85.20%.

Float and Shares Shorts:

At present, 161.55 million QFIN shares are outstanding with a float of 153.65 million shares on hand for trading. On Aug 30, 2023, short shares totaled 4.37 million, which was 2.71% higher than short shares on Jul 30, 2023. In addition to Mr. Haisheng Wu as the firm’s CEO & Director, Mr. Zuoli Xu CFA serves as its CFO & Director.

Institutional Ownership:

Through their ownership of 73.43% of QFIN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 36.04% of QFIN, in contrast to 27.69% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in QFIN with 7.88% of the stake, OLP Capital Management Ltd. holds 12,820,355 shares worth 12,820,355. A second-largest stockholder of QFIN, Morgan Stanley Investment Managem, holds 7,446,918 shares, controlling over 4.57% of the firm’s shares. Morgan Stanley Asia Ltd. is the third largest shareholder in QFIN, holding 6,341,163 shares or 3.90% stake. With a 3.72% stake in QFIN, the Morgan Stanley Invt. Fds. – Asia is the largest stakeholder. A total of 6,052,174 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 3.18% of QFIN stock, is the second-largest Mutual Fund holder. It holds 5,171,846 shares valued at 87.92 million. KraneShares CSI China Internet ET holds 3.17% of the stake in QFIN, owning 5,160,618 shares worth 87.73 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QFIN 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 QFIN analysts setting a high price target of $210.04 and a low target of $133.10, the average target price over the next 12 months is $180.35. Based on these targets, QFIN could surge 1303.07% to reach the target high and rise by 789.11% to reach the target low. Reaching the average price target will result in a growth of 1104.74% 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.

Dividends & Yield:

In terms of dividends, QFIN has a current ratio of $0.82, which is $0.82 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and QFIN currently yields $3.34. In the past year, QFIN’s dividend yield has been $3.34. Accordingly, QFIN has a current buyback yield of $0.0. This was $0.0 for the TTM.

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