Weekly Performance Analysis for 360 DigiTech Inc. (QFIN)

360 DigiTech Inc. (NASDAQ:QFIN) saw a downside of -2.51% to close Thursday at $19.81 after subtracting -$0.51 on the day. The 5-day average trading volume is 1,244,876 shares of the company’s common stock. It has gained $21.33 in the past week and touched a new high 1 time within the past 5 days. An average of 1,970,519 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,075,338.

QFIN’s 1-month performance is -10.88% or -$4.10 on its low of $18.84 reached on 09/20/21. The company’s shares have touched a 52-week low of $9.67 and high of $45.00, with the stock’s rally to the 52-week high happening on 06/17/21. YTD, QFIN has achieved 72.35% or $7.81 and has reached a new high 30 times. However, the current price is down -55.98%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 10.16 and a low of 2.697. QFIN stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.42 while the price-to-book (PB) in the most recent quarter is 1.61.

360 DigiTech Inc.’s quick ratio for the period ended June 29 was 1.80, with the current ratio over the same period at 1.80 meaning that QFIN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.03. In terms of profitability, the gross margin trailing 12 months is 87.10% while for the period ending June 29; 360 DigiTech Inc.’s operating margin was 41.10%. The firm’s gross profit as reported stood at $1.83 billion against revenue of $2.08 billion.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. 360 DigiTech Inc.’s return on assets over the past 12 months stands at 20.60%. Return on investment over the past year is 33.10%, while its return on equity (ROE) trailing 12 months is 51.90%. In comparison, the average ROE for the broader industry over the past year is 4.95.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected QFIN to announce $1.16 per share in earnings in its latest quarter, but it posted $1.55, representing a 33.60% surprise. EBITDA for the quarter stood at more than $299.89 million. QFIN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.44 billion, with total debt at $348.88 million

Technical Picture

Let’s look briefly at 360 DigiTech Inc. (QFIN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 September was 36.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 62.51%.

The stock’s 5-day moving average is $20.13, reflecting a -7.15% or -$1.51 change from its current price. QFIN is currently trading -21.16% above its 20-day SMA, -14.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -30.89% and +70.88% respectively.

Stochastic %K and %D was 20.06% and 18.86% and the average true range (ATR) pointed at 1.40. The RSI (14) points at 40.18%, while the 14-day stochastic is at 19.28% with the period’s ATR at 1.53. The stock’s 9-day MACD Oscillator is pointing at -0.79 and -0.89 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for 360 DigiTech Inc. (NASDAQ: QFIN), Jefferies launched coverage with a Buy rating. Analysts offering their rating for QFIN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate QFIN as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 9 have offered a “buy” rating.

What is QFIN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $162.44 and a high of $348.96, with their median price target at $195.07. Looking at these predictions, the average price target given by analysts is for 360 DigiTech Inc. (QFIN) stock is $226.45.

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