This Analyst Recently Issued Research Note On LexinFintech Holdings Ltd. (LX)

As of Friday close, LexinFintech Holdings Ltd.’s (NASDAQ:LX) stock was up $0.07, moving up 3.18 percent to $2.27. The average number of shares traded per day over the past five days has been 2,037,960 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.28 fall in that time frame. In the last twenty days, the average volume was 1,720,505, while in the previous 50 days, it was 2,281,598.


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Since last month, LX stock retreated -8.10%. Shares of the company fell to $2.03 on 05/12/22, the lowest level in the past month. A 52-week high of $13.62 was reached on 02/15/22 after having rallying from a 52-week low of $1.90. Since the beginning of this year, LX’s stock price has dropped by -41.19% or -$1.59, and marked a new high 2 times. However, the stock has declined by -83.33% since its 52-week high.

Valuation Metrics

Right now, LexinFintech Holdings Ltd. (LX) has a P/E ratio of about 1.34. The stock’s beta is 0.72. Besides these, the trailing price-to-sales (P/S) ratio of 0.26, the price-to-book (PB) ratio of 0.35.

Financial Health

In the three months ended December 30, LexinFintech Holdings Ltd.’s quick ratio stood at 1.60, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.32, and the total debt-to-equity ratio was 0.93. On the profitability front, the trailing twelve-month gross margin is 50.50% percent. In the year ended December 30, operating margins totaled 27.00%. Based on annual data, LX earned $902.19 million in gross profit and brought in $1.79 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.00%. Return on equity (ROE) for the past 12 months was 32.10%.

In LexinFintech Holdings Ltd.’s quarter-end financial report for December 30, it reported total debt of $109.35 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LX’s revenue rose 0.06% during the quarter, while net income inched up to $1.79 billion. While analysts expected LexinFintech Holdings Ltd. to report $0.28 quarterly earnings, the actual figure was $0.23 per share, beating the consensus estimate by -17.90%. During the quarter, the company generated $101.1 million in EBITDA. The liabilities of LexinFintech Holdings Ltd. were 2.03 billion at the end of its most recent quarter ended December 30, and its total debt was $7.62 billion.

Technical Picture

This quick technical analysis looks at LexinFintech Holdings Ltd.’s (LX) price momentum. With a historical volatility rate of 62.48%, the RSI 9-day stood at 36.61% on 13 May.

With respect to its five-day moving average, the current LexinFintech Holdings Ltd. price is down by -10.98% percent or -$0.28. At present, LX shares trade -8.47% below its 20-day simple moving average and -32.84% percent below its 100-day simple moving average. However, the stock is currently trading approximately -32.84% below its SMA50 and -72.58% below its SMA200.

Stochastic coefficient K was 19.26% and Stochastic coefficient D was 16.42%, while ATR was 0.19. Given the Stochastic reading of 30.38% for the 14-day period, the RSI (14) reading has been calculated as 39.06%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at -0.26.

Analyst Ratings

LexinFintech Holdings Ltd. downgraded its rating on LexinFintech Holdings Ltd. (NASDAQ: LX) to a Neutral in a note to investors on December 20, 2021. The analysts firm previously had a Buy rating on the stock.LexinFintech Holdings Ltd. (LX) has been rated Buy by analysts. According to 0 brokerage firms , LX is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate LexinFintech Holdings Ltd. stock as buy, with 6 recommending it as overweight.

With a median target price of $27.32, the current consensus forecast for the stock is $20.38 – $47.73. Based on these forecasts, analysts predict LexinFintech Holdings Ltd. (LX) will achieve an average price target of $31.06.

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