Lufax Holding Ltd (NYSE:LU) saw an upside of 0.77% to close Monday at $1.31 after adding $0.01 on the day. The 5-day average trading volume is 6,687,660 shares of the company’s common stock. It has gained $1.4500 in the past week and touched a new high 1 time within the past 5 days. An average of 9,896,525 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,557,630.
LU’s 1-month performance is -13.82% or -$0.2100 on its low of $1.2600 reached on 08/18/23. 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 -32.47% or -$0.6300 and has reached a new high 10 times. However, the current price is down -71.77% from the 52-week high price.
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Valuation Metrics
LU stock has a beta of 0.85. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.44 while the price-to-book (PB) in the most recent quarter is 0.23, with the price to cash flow ratio at 3.20.
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 21 August was 29.42% to suggest the stock is trending oversold, with historical volatility in this time period at 51.13%.
The stock’s 5-day moving average is $1.3200, reflecting a -7.09% or -$0.1000 change from its current price. LU is currently trading -22.94% above its 20-day SMA, -32.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -17.61% and SMA200 by-13.82%.
Stochastic %K and %D was 8.39% and 6.52% and the average true range (ATR) pointed at 0.0922. The RSI (14) points at 35.45%, while the 14-day stochastic is at 8.93% with the period’s ATR at 0.0975. The stock’s 9-day MACD Oscillator is pointing at -0.0989 and -0.1826 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 5 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 $12.62. Looking at these predictions, the average price target given by analysts is for Lufax Holding Ltd (LU) stock is $12.88.
