FinVolution Group (NYSE:FINV) saw a downside of -5.11% to $5.66 after subtracting -$0.31 on Tuesday. The 5-day average trading volume is 908,305 shares of the company’s common stock. It has gained $6.05 in the past week and touched a new high 5 times within the past 5 days. An average of 1,293,186 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 977,787.
FINV’s 1-month performance is 15.61% or $0.93 on its low of $4.74 reached on 07/10/23. The company’s shares have touched a 52-week low of $3.55 and high of $6.03, with the stock’s rally to the 52-week high happening on 08/08/23. YTD, FINV has achieved 14.21% or $0.72 and has reached a new high 14 times. However, the current price is down -6.05% from the 52-week high price.
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Valuation Metrics
FINV stock has a beta of 0.65. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.96 while the price-to-book (PB) in the most recent quarter is 0.91, with the price to cash flow ratio at 11.51.
In terms of profitability, the gross margin trailing 12 months is 82.50%. The firm’s gross profit as reported stood at $1.32 billion against revenue of $1.61 billion.
Earnings Surprise
FinVolution Group’s cash and short-term investments amounted to $496.87 million against total debt of $176.26 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -19.81% to $328.6 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $250.88 million. FINV stock balance sheet for the recent quarter shows that total liabilities totaled 1.27 billion, with total debt at $176.26 million.
Let’s look briefly at FinVolution Group (FINV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 54.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.50%.
The stock’s 5-day moving average is $5.89, reflecting a -4.39% or -$0.26 change from its current price. FINV is currently trading +14.50% above its 20-day SMA, +48.28% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +40.92% and SMA200 by+20.83%.
Stochastic %K and %D was 81.81% and 89.55% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 61.65%, while the 14-day stochastic is at 55.30% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at 0.03 and 0.17 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for FinVolution Group (NYSE: FINV), Daiwa Securities launched coverage with a Buy rating.
