LexinFintech Holdings Ltd ADR (NASDAQ:LX) shares traded 1.70% higher at $10.77 on Wall Street last session.
LX stock price is now 33.13% away from the 50-day moving average and 159.13% away from the 200-day moving average. The market capitalization of the company currently stands at $1.39B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
, while ‘CLSA’ rates the stock as ‘Buy’
In other news, Wang Neng, Director bought 40,000 shares of the company’s stock on Dec 10 ’24. The stock was bought for $236,800 at an average price of $5.92. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09 ’24, Director WU Wei bought 29,000 shares of the business’s stock. A total of $160,950 was incurred on buying the stock at an average price of $5.55. A total of 0.00% 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 $10.91. According to the stock market information, the enterprise value for the company is $6584412672, which is based on a 17.33 price-to-earnings ratio, a 0.23 price-to-earnings-growth ratio, and a beta of 0.33. The fifty day moving average price for LX is $8.0898 and a two-hundred day moving average price translates $4.156275 for the stock.
The latest earnings results from LexinFintech Holdings Ltd ADR (NASDAQ: LX) was released for 2024-12-31. The net profit margin was 5.45% and return on equity was 7.38% for LX. The company reported revenue of $521.85 million for the quarter, compared to $480.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.51 percent.
