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QFIN Stock Update: Qifu Technology Inc. ADR’s Banking’s Market Struggles and Potential Opportunities

Qifu Technology Inc. ADR ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $29.69 on 09/30/24, while the lowest value for the same period was recorded at $13.68 on 10/20/23.

52-week price history of QFIN Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Qifu Technology Inc. ADR’s current trading price is 3.77% away from its 52-week high, while its distance from the 52-week low is 125.22%. The stock’s price range during this period has spanned from $13.68 to $29.69. In the Financial sector, the Qifu Technology Inc. ADR’s shares surpassed a trading volume of approximately 1.72 million for the day, which was noticeably higher compared to the average daily volume of 9.1.55 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Qifu Technology Inc. ADR (QFIN) has experienced a quarterly rise of 56.40% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.85B and boasts a workforce of 3121 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 21.83, with a change in price of +10.78. Similarly, Qifu Technology Inc. ADR recorded 1,396,952 in trading volume during the last 100 days, posting a change of +54.17%.

Examining QFIN’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for QFIN stands at 0.05. Similarly, the long-term debt-to-equity ratio is also 0.01.

QFIN Stock Stochastic Average

Today’s raw stochastic average for Qifu Technology Inc. ADR over the last 50 days is 91.78%.This indicates a increase from the raw stochastic average of the past 20 days, which was 85.04%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 91.31% and 88.67%, respectively.

QFIN Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a gain of 94.75%.However, over the last six months, we can see a weaker performance of 64.94%. Over the last 30 days, the price of QFIN has fallen by 18.96%. And in the last five days, it has surged by 18.73%.

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