Is LexinFintech Holdings Ltd. (LX) Set To Achieve Price Targets?

The stock of LexinFintech Holdings Ltd. (NASDAQ:LX) decreased by remained unchanged at $5.90, down -1.01 percent. The last five days have seen an average of 1,763,140 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$0.80. The average number of shares traded over the last 20 days was 1,298,845, while the average volume over the last 50 days totaled 1,646,098.

LX stock dropped -2.96% since last month. On 10/06/21, the company’s shares reached a one-month low of $5.35. The stock touched a high of $15.42 on 02/19/21, after rallying from a low of $5.35 in 52 weeks. The price of LX stock has declined by -11.94% or -$0.80 this year, reaching a new high 15 times. Still, the stock price is down -61.74% 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 3.30. This level actually compares favorably with the industry at large, as the PE for the Credit Services industry stands at about 23.48. Further, its PE also compares favorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of LexinFintech Holdings Ltd. has varied between 350.68 and 3.082 in the last five years. Beta for the stock is 0.89. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.56, the price-to-book (PB) ratio of 0.97.

For the three months ended June 29, LexinFintech Holdings Ltd.’s quick ratio was 1.50, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.36, and the total debt to equity ratio is 1.11. As far as profitability goes, gross margin for the trailing twelve months is 44.60% percent. LexinFintech Holdings Ltd.’s operating margin stood at 23.90% for the same period. Based on annual data, it had gross profit of $556.79 million and revenue of $1.78 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LX’s return on assets (ROA) during the last 12 months has been 11.40%. There was a 8.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 39.60%. ROE has averaged 16.40 in the past year for the broader industry.

Earnings Surprise

According to LexinFintech Holdings Ltd.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.78 billion, while revenues rose by 14.66% to $0.0. It was predicted that LexinFintech Holdings Ltd.’s quarterly earnings would be $0.63, but it ended up being $0.42. EBITDA was $141.77 million for the quarter. At the end of LexinFintech Holdings Ltd.’s most recent quarter ended June 29, its liabilities totaled 2.01 billion, while its total debt was $9.33 billion.

Technical Picture

Here’s a quick look at LexinFintech Holdings Ltd.’s (LX) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 52.85%, suggesting the stock is Neutral, with a 42.68% historical volatility rate.

The stochastic %K and %D were 60.10% and 53.69% respectively, while the average true range (ATR) was 0.31. Based on the 14-day stochastic reading of 59.74%, the RSI (14) reading is 48.33%. On the 9-day MACD Oscillator, the stock is at 0.14, and the 14-day reading is at 0.14.

Analyst Ratings

In its most recent analyst report, Morgan Stanley raised its rating on LexinFintech Holdings Ltd. (NASDAQ: LX) to an Overweight. Prior to this, analysts firm rated the stock as an Equal-weight. Analysts have assigned LexinFintech Holdings Ltd. (LX) an Buy rating. LX is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.

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

The current consensus forecast for the stock is between $46.62 and $116.32, with a median target price of $68.24. In analyzing these forecasts, the average price target given by analysts for LexinFintech Holdings Ltd. (LX) is $78.10.


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