In yesterday’s Wall Street session, LexinFintech Holdings Ltd ADR (NASDAQ:LX) shares traded at $2.39, up 16.59% from the previous session.
LX stock price is now 38.57% away from the 50-day moving average and 34.15% away from the 200-day moving average. The market capitalization of the company currently stands at $331.64M.
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On March 16, 2023, CLSA Upgraded its previous ‘Outperform’ rating to ‘Buy’ on the stock keeping its target price maintained at $3.45, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Long Annabelle Yu, Director bought 22,394 shares of the company’s stock on Sep 13 ’24. The stock was bought for $38,966 at an average price of $1.74. A total of 0.04% of the company’s stock is owned by insiders.
During the past 12 months, LexinFintech Holdings Ltd ADR has had a low of $1.56 and a high of $2.27. According to the stock market information, the enterprise value for the company is $3951321600, which is based on a 3.66 price-to-earnings ratio, a 1.55 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for LX is $1.7384 and a two-hundred day moving average price translates $1.784925 for the stock.
The latest earnings results from LexinFintech Holdings Ltd ADR (NASDAQ: LX) was released for 2024-06-30. The net profit margin was 5.95% and return on equity was 8.37% for LX. The company reported revenue of $500.98 million for the quarter, compared to $421.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.88 percent. For the current quarter, analysts expect LX to generate $1.94B in revenue.
