Let’s start up with the current stock price of 360 DigiTech Inc. (QFIN), which is $23.70 to be very precise. The Stock rose vividly during the last session to $24.49 after opening rate of $24.44 while the lowest price it went was recorded $22.26 before closing at $22.72.
Recently in News on March 15, 2021, 360 DigiTech Announces Fourth Quarter and Full Year 2020 Unaudited Financial Results. 360 DigiTech, Inc. (QFIN) (“360 DigiTech” or the “Company”), a data driven, technology empowered digital platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020. You can read further details here
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360 DigiTech Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $35.15 on 03/18/21, with the lowest value was $11.70 for the same time period, recorded on 01/04/21.
360 DigiTech Inc. (QFIN) full year performance was 205.38%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, 360 DigiTech Inc. shares are logging -32.57% during the 52-week period from high price, and 224.21% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $7.31 and $35.15.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 898595 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the 360 DigiTech Inc. (QFIN) recorded performance in the market was 92.71%, having the revenues showcasing 76.81% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 3.37B, as it employees total of 1891 workers.
Analysts verdict on 360 DigiTech Inc. (QFIN)
During the last month, 7 analysts gave the 360 DigiTech Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 19.65, with a change in the price was noted +11.11. In a similar fashion, 360 DigiTech Inc. posted a movement of +89.74% for the period of last 100 days, recording 2,500,475 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for QFIN is recording 0.02 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
360 DigiTech Inc. (QFIN): Technical Analysis
Raw Stochastic average of 360 DigiTech Inc. in the period of last 50 days is set at 27.80%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 11.84%. In the last 20 days, the company’s Stochastic %K was 11.45% and its Stochastic %D was recorded 13.95%.
Let’s take a glance in the erstwhile performances of 360 DigiTech Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 92.71%. Additionally, trading for the stock in the period of the last six months notably improved by 93.03%, alongside a boost of 205.38% for the period of the last 12 months. The shares increased approximately by -15.16% in the 7-day charts and went up by -28.40% in the period of the last 30 days. Common stock shares were driven by 76.81% during last recorded quarter.