How LexinFintech Holdings Ltd. (LX) Works From A Technical Perspective

LexinFintech Holdings Ltd. (NASDAQ:LX) finished Wednesday with an addition of $0.2 to close at $5.86, an upside of 3.53 percent. An average of 1,664,880 shares of common stock have been traded in the last five days. There was a gain of $0.39 in the past week. The last 20 days have seen an average of 1,234,650 shares traded, while the 50-day average volume stands at 1,632,274.

LX stock has decreased by -6.09% in the last month. The company shares reached their 1-month lowest point of $5.35 on 10/06/21. With the stock rallying to its 52-week high on 02/19/21, shares of the company touched a low of $5.35 and a high of $15.42 in 52 weeks. In spite of this, the price is down -62.00% from the 52-week high.


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Valuation Metrics

LexinFintech Holdings Ltd. (LX) has a trailing price-to-earnings (P/E) ratio of 3.31, which compares with the 14.40 for the broader industry and 12.72 for the sector. In the last five years, LexinFintech Holdings Ltd.’s PE ratio has ranged between 350.68 and 3.082. The stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.53, the price-to-book (PB) ratio at 0.97.

The quick ratio of LexinFintech Holdings Ltd. for the three months ended June 29 was 1.50, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.36 and a total debt to equity ratio of 1.11 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 44.60% against a 5-year average of 31.1%. Its gross profit as reported stood at $556.79 million compared to revenue of $1.78 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, LexinFintech Holdings Ltd.’s return on assets was 11.40%, compared to 5.7% over the last five years. For the broader industry, ROE averaged 16.40 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.78 billion in the quarter, while revenues of $0.0 were grew 14.66%. The analyst consensus anticipated LexinFintech Holdings Ltd.’s latest quarter earnings to come in at $0.42 per share, but it turned out to be $0.63, a 50.00% surprise. For the quarter, EBITDA amounted to $141.77 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at LexinFintech Holdings Ltd. (LX) price momentum. RSI 9-day as of the close on 13 October was 49.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 64.38%.

As of today, LX’s price is $5.84 +7.13% or $0.39 from its 5-day moving average. LX is currently trading -6.84% lower than its 20-day SMA and -34.08% lower than its 100-day SMA. However, the stock’s current price level is -23.30% below the SMA50 and -5.64% below the SMA200.

The stochastic %K and %D were 48.13% and 56.32%, respectively, and the average true range (ATR) was 0.34. With the 14-day stochastic at 55.39% and the average true range at 0.36, the RSI (14) stands at 45.55%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at 0.03.

Analyst Ratings

Morgan Stanley upgraded LexinFintech Holdings Ltd. (NASDAQ: LX) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a an Equal-weight.The consensus rating for LexinFintech Holdings Ltd. (LX) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LX, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.

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

Analysts predict a range of price targets between $46.62 and $116.32, with a median target of $68.24. Taking a look at these predictions, the average price target given by analysts for LexinFintech Holdings Ltd. (LX) stock is $78.11.

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