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Saturday, June 3, 2023

There’s No Getting Around Qifu Technology Inc. (NASDAQ: QFIN) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Qifu Technology Inc. (QFIN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.22, or 1.54%, to $14.46. The Qifu Technology Inc. has recorded 8,588 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Qifu Technology Announces First Quarter 2023 Unaudited Financial Results and Changes in Dividend Policy.

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Stocks Info

QFIN belongs to the Financial sector of the NASDAQ while operating in the Credit Services industry. At the end of the last regular session, the stock closed at $14.24 and fluctuated between $15.06 as its day high and $14.21 as its day low. The current market capitalization of Qifu Technology Inc. is $2.46B. A total of 1.34 million shares were traded on the day, compared to an average of 904.48K shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Qifu Technology Inc. pays an annual dividend of $0.72, resulting in a dividend yield of 5.06%, and it has a price to earnings (P/E) ratio of 4.30. QFIN’s most recent ex-dividend date was 4/10/2023 when it declared a $0.16 quarterly dividend that was paid in cash on 5/19/2023. Previously, the company paid the dividend on 1/18/2023 with an ex-dividend date of 12/9/2022. The QFIN stock dividend was $0.16 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for QFIN in the last 3 months, the mean price target is $190.69 with high estimates of $233.66 and low estimates of $159.99. In terms of 52-week highs and lows, QFIN has a high of $25.49 and a low of $9.47.

As of this writing, QFIN has an earnings estimate of $1.05 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $1.05 per share and a lower estimate of $1.05. The company reported an EPS of $0.82 in the last quarter, which was 67.30% higher than expectations of $0.49.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $17.30, while its Total Shareholder’s Equity was $15.22B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for QFIN is Buy with a score of 5.00.

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