The Insider Activity Of Lufax Holding Ltd (LU) Is Worth Monitoring

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SNOW Stock
SNOW Stock

Lufax Holding Ltd (NYSE:LU) finished Thursday with an addition of $0.1 to close at $2.00, an upside of 5.26 percent. An average of 12,276,540 shares of common stock have been traded in the last five days. There was a fall of -$0.2200 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 18,792,984 shares traded, while the 50-day average volume stands at 18,705,910.

LU stock has increased by 24.22% in the last month. The company shares reached their 1-month lowest point of $1.6100 on 11/30/22. With the stock rallying to its 52-week high on 06/21/22, shares of the company touched a low of $1.26 and a high of $7.05 in 52 weeks. It has reached a new high 10 times so far this year and lost -64.48% or -$3.6300 in price. In spite of this, the price is down -71.63% from the 52-week high.

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Valuation Metrics

Lufax Holding Ltd (LU) has a trailing price-to-earnings (P/E) ratio of 2.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.53, the price-to-book (PB) ratio at 0.34.

The company’s most recent quarterly dividend payment was $0.17 a share, representing a down of -75.0% from $0.68 last year. Its latest decrease dividend $0.51 reported on Thursday October 20 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.61 and a total debt to equity ratio of 0.64 for the quarter ending September 29. Its gross profit as reported stood at $4.9 billion compared to revenue of $9.58 billion.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $2.5 billion in the quarter, while revenues were grew 26.48%. The analyst consensus anticipated Lufax Holding Ltd’s latest quarter earnings to come in at $0.17 per share, but it turned out to be $0.08, a -52.90% surprise. For the quarter, EBITDA amounted to $906.32 million. At the end of the quarter ending September 29, Lufax Holding Ltd’s stock balance sheet showed total debt was $59.48 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Lufax Holding Ltd (LU) price momentum. RSI 9-day as of the close on 29 December was 49.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 113.62%.

As of today, LU’s price is $2.0300 -9.91% or -$0.2200 from its 5-day moving average. LU is currently trading +7.53% higher than its 20-day SMA and -52.94% lower than its 100-day SMA. However, the stock’s current price level is +4.71% above the SMA50 and -56.90% below the SMA200.

The stochastic %K and %D were 31.74% and 32.82%, respectively, and the average true range (ATR) was 0.2100. With the 14-day stochastic at 19.23% and the average true range at 0.2200, the RSI (14) stands at 50.11%. The stock has reached -0.0100 on the 9-day MACD Oscillator while the 14-day reading was at -0.0600.

Analyst Ratings

JP Morgan downgraded Lufax Holding Ltd (NYSE: LU) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Lufax Holding Ltd (LU) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell LU, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

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

Analysts predict a range of price targets between $10.01 and $25.16, with a median target of $13.99. Taking a look at these predictions, the average price target given by analysts for Lufax Holding Ltd (LU) stock is $14.90.

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