Is Qifu Technology Inc. ADR (NASDAQ: QFIN) No Longer A Good Investment?

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. Most recently, Yahoo Finance reported about the stock as it publicized that Qifu Technology Announces Third Quarter 2023 Unaudited Financial Results.

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Stocks Info

QFIN belongs to the Financial sector of the NASDAQ while operating in the Credit Services industry. The current market capitalization of Qifu Technology Inc. ADR is $2.48B. A total of 0.75 million shares were traded on the day, compared to an average of 815.62K shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Qifu Technology Inc. ADR pays an annual dividend of $0.66, resulting in a dividend yield of 4.34%, and it has a price to earnings (P/E) ratio of 4.37. QFIN’s most recent ex-dividend date was 9/21/2023 when it declared a $0.50 quarterly dividend that was paid in cash on 11/1/2023. Previously, the company paid the dividend on 5/19/2023 with an ex-dividend date of 4/10/2023. 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 $166.56 with high estimates of $214.49 and low estimates of $114.52. In terms of 52-week highs and lows, QFIN has a high of $22.21 and a low of $13.12.

As of this writing, QFIN has an earnings estimate of $0.99 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $1.01 per share and a lower estimate of $0.97. The company reported an EPS of $0.95 in the last quarter, which was 1.10% higher than expectations of $0.94.

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 $17.71, 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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