Are You Looking To Buy FinVolution Group (FINV)? First, Read This

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FinVolution Group (NYSE:FINV) finished Wednesday with a subtraction of -$0.2 to close at $4.95, a downside of -3.88 percent. An average of 1,119,180 shares of common stock have been traded in the last five days. There was a gain of $0.15 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,139,685 shares traded, while the 50-day average volume stands at 945,664.

FINV stock has increased by 15.38% in the last month. The company shares reached their 1-month lowest point of $4.32 on 11/29/22. With the stock rallying to its 52-week high on 11/15/22, shares of the company touched a low of $2.68 and a high of $5.39 in 52 weeks. It has reached a new high 2 times so far this year and achieved 0.41% or $0.02 in price. In spite of this, the price is down -8.16% from the 52-week high.


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Valuation Metrics

FinVolution Group (FINV) has a trailing price-to-earnings (P/E) ratio of 4.30. The stock’s beta is 0.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.94, the price-to-book (PB) ratio at 0.82, and the price-to-cash flow ratio at 52.98.

The company’s most recent quarterly dividend payment was $0.2050 a share, representing a up of 20.59% from $0.17 last year. Its latest increase dividend $0.0350 reported on Monday March 14 2022.

Financial Health

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. Its gross profit as reported stood at $187.84 million compared to revenue of $233.2 million.

Earnings Surprise

For the three-month period that ended March 30, FinVolution Group had $189.08 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $393.71 million in the quarter, while revenues were grew 23.21%. 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 $92.76 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 28 December was 54.08%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.28%.

As of today, FINV’s price is $5.04 +3.12% or $0.15 from its 5-day moving average. FINV is currently trading +9.51% higher than its 20-day SMA and +9.03% higher than its 100-day SMA. However, the stock’s current price level is +3.99% above the SMA50 and +68.37% above the SMA200.

The stochastic %K and %D were 77.45% and 84.78%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 55.74% and the average true range at 0.21, the RSI (14) stands at 54.90%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at 0.16.

Analyst Ratings

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 7 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 $40.15 and $48.64, with a median target of $46.15. Taking a look at these predictions, the average price target given by analysts for FinVolution Group (FINV) stock is $44.86.

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