Why is LexinFintech Holdings Ltd. (LX) down -43.78% from the day 1 this year? – Invest Chronicle

Why is LexinFintech Holdings Ltd. (LX) down -43.78% from the day 1 this year?

For the readers interested in the stock health of LexinFintech Holdings Ltd. (LX). It is currently valued at $4.32. When the transactions were called off in the previous session, Stock hit the highs of $4.315, after setting-off with the price of $4.20. Company’s stock value dipped to $4.02 during the trading on the day. When the trading was stopped its value was $4.20.Recently in News on December 1, 2021, LexinFintech Holdings Ltd. Announces Share Purchase by Senior Management. LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading online consumption and finance platform in China, today announced that members of its senior management have informed the Company that they planned to use their personal funds to purchase the Company’s American depository shares (the “ADSs”), and some purchases had been made in the past few days. Led by Chairman and Chief Executive Officer Jay Wenjie Xiao, President Jared Yi Wu, Chief Financial Officer Sunny Rui Sun, Chief Financing Cooperation Officer Kris Qian Qiao, Chief Human Resource Officer Shirley Yunwen Yang and Chief Marketing Officer Jason Ming Zhao, the members intend to continue the purchase to up to US$10 million worth of the ADSs within the next six months, pursuant and subject to applicable laws and the Company’s securities trading policy. You can read further details here

LexinFintech Holdings Ltd. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $15.42 on 02/19/21, with the lowest value was $4.02 for the same time period, recorded on 11/30/21.

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LexinFintech Holdings Ltd. (LX) full year performance was -43.78%

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, LexinFintech Holdings Ltd. shares are logging -71.98% during the 52-week period from high price, and 7.46% 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 $4.02 and $15.42.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 904932 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 LexinFintech Holdings Ltd. (LX) recorded performance in the market was -37.31%, having the revenues showcasing -39.66% 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 803.12M, as it employees total of 3313 workers.

Market experts do have their say about LexinFintech Holdings Ltd. (LX)

During the last month, 0 analysts gave the LexinFintech Holdings Ltd. 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 6.59, with a change in the price was noted -4.74. In a similar fashion, LexinFintech Holdings Ltd. posted a movement of -52.03% for the period of last 100 days, recording 1,722,070 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 LX is recording 0.98 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.34.

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Technical breakdown of LexinFintech Holdings Ltd. (LX)

Raw Stochastic average of LexinFintech Holdings Ltd. in the period of last 50 days is set at 14.02%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 14.02%. In the last 20 days, the company’s Stochastic %K was 8.01% and its Stochastic %D was recorded 7.29%.

Bearing in mind the latest performance of LexinFintech Holdings Ltd., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -37.31%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -63.16%, alongside a downfall of -43.78% for the period of the last 12 months. The shares increased approximately by -16.33% in the 7-day charts and went up by -21.35% in the period of the last 30 days. Common stock shares were lifted by -39.66% during last recorded quarter.

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