Lufax Holding Ltd (NYSE:LU) saw a downside of -2.48% to close Tuesday at $1.57 after subtracting -$0.04 on the day. The 5-day average trading volume is 8,672,021 shares of the company’s common stock. It has gained $1.8200 in the past week and touched a new high 3 times within the past 5 days. An average of 11,310,726 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,218,386.
LU’s 1-month performance is 7.53% or $0.0900 on its low of $1.4400 reached on 07/10/23. The company’s shares have touched a 52-week low of $1.23 and high of $4.64, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, LU has lost -19.07% or -$0.3700 and has reached a new high 10 times. However, the current price is down -66.16% from the 52-week high price.
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Valuation Metrics
LU stock has a beta of 0.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.51 while the price-to-book (PB) in the most recent quarter is 0.27, with the price to cash flow ratio at 6.05.
As well, the company’s long term debt to equity for the quarter ending March 30 was 0.55, while the total debt to equity was 0.58. The firm’s gross profit as reported stood at $4.64 billion against revenue of $8.64 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -93.17% to $1.29 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected LU to announce $0.02 per share in earnings in its latest quarter, but it posted $0.04, representing a 100.00% surprise. EBITDA for the quarter stood at more than $639.56 million.
Let’s look briefly at Lufax Holding Ltd (LU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 42.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 56.59%.
The stock’s 5-day moving average is $1.6500, reflecting a -7.10% or -$0.1200 change from its current price. LU is currently trading +3.29% above its 20-day SMA, -16.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +18.94% and SMA200 by-9.25%.
Stochastic %K and %D was 31.52% and 42.58% and the average true range (ATR) pointed at 0.1095. The RSI (14) points at 46.43%, while the 14-day stochastic is at 15.00% with the period’s ATR at 0.1092. The stock’s 9-day MACD Oscillator is pointing at -0.0700 and -0.0521 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Lufax Holding Ltd (NYSE: LU), Bernstein launched coverage with an Outperform rating. Analysts offering their rating for LU stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate LU as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is LU’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.90 and a high of $18.12, with their median price target at $13.04. Looking at these predictions, the average price target given by analysts is for Lufax Holding Ltd (LU) stock is $12.94.
