Buying FinVolution Group (FINV) Stock Is A Smart Move Today?

FinVolution Group (NYSE:FINV) trading with a subtraction of -$0.33 to $5.72 on Thursday, a downside of -5.45 percent. An average of 1,041,750 shares of common stock have been traded in the last five days. There was a gain of $0.05 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 1,351,353 shares traded, while the 50-day average volume stands at 1,750,073.

FINV stock has increased by 6.51% in the last month. The company shares reached their 1-month lowest point of $5.24 on 09/20/21. With the stock rallying to its 52-week high on 03/11/21, shares of the company touched a low of $1.90 and a high of $10.61 in 52 weeks. It has reached a new high 19 times so far this year and achieved 126.59% or $3.01 in price. In spite of this, the price is down -46.09% from the 52-week high.

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Valuation Metrics

FinVolution Group (FINV) has a trailing price-to-earnings (P/E) ratio of 4.95, which compares with the 14.40 for the broader industry and 12.86 for the sector. In the last five years, FinVolution Group’s PE ratio has ranged between 10.21 and 1.181. The stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.30, the price-to-book (PB) ratio at 1.19, and the price-to-cash flow ratio at 5.84.

FinVolution Group pays a $0.15 dividend per share annually. It offers a dividend yield of 2.62%. The company’s most recent quarterly dividend payment took place on Apr. 30, and it was $0.17 a share, representing a up of 29.41 from $0.12 last year. Its dividend has been increased for the last 1 consecutive years with the latest increase dividend $0.05 reported on Thursday March 11 2021.

FinVolution Group will next go ex-dividend on 7-Apr. The next dividend payment FinVolution Group will make is expected to be $0.14.

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. On the profitability front, the trailing 12-month gross margin is 79.50% against a 5-year average of 75.0%. Its gross profit as reported stood at $955.93 million compared to revenue of $1.16 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, FinVolution Group’s return on assets was 15.40%, compared to 1.7% over the last five years. For the broader industry, ROE averaged 16.40 over the past year.

Earnings Surprise

For the three-month period that ended March 30, FinVolution Group had $302.06 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $302.33 million in the quarter, while revenues were shrunk -12.74%. The analyst consensus anticipated FinVolution Group’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.19, a 111.10% surprise. For the quarter, EBITDA amounted to $109.14 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at FinVolution Group (FINV) price momentum. RSI 9-day as of the close on 13 October was 44.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 58.58%.

As of today, FINV’s price is $5.94 +0.80% or $0.05 from its 5-day moving average. FINV is currently trading -2.66% lower than its 20-day SMA and -26.96% lower than its 100-day SMA. However, the stock’s current price level is -11.60% below the SMA50 and +140.47% above the SMA200.

The stochastic %K and %D were 57.62% and 66.13%, respectively, and the average true range (ATR) was 0.33. With the 14-day stochastic at 32.16% and the average true range at 0.33, the RSI (14) stands at 45.15%. The stock has reached 0.15 on the 9-day MACD Oscillator while the 14-day reading was at 0.20.

Analyst Ratings

China Renaissance launched coverage on FinVolution Group (NYSE: FINV) in its analyst report released on September 21, 2021. The firm assigned the stock a a Buy rating.The consensus rating for FinVolution Group (FINV) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FINV, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

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

Analysts predict a range of price targets between $39.40 and $68.05, with a median target of $57.59. Taking a look at these predictions, the average price target given by analysts for FinVolution Group (FINV) stock is $56.57.


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