Lufax Holding Ltd (NYSE:LU) finished Thursday with a subtraction of -$0.1 to close at $1.15, a downside of -8.00 percent. An average of 11,366,020 shares of common stock have been traded in the last five days. There was a fall of -$0.1900 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 10,141,470 shares traded, while the 50-day average volume stands at 9,989,282.
LU stock has decreased by -36.11% in the last month. The company shares reached their 1-month lowest point of $1.1500 on 08/24/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $1.16 and a high of $4.64 in 52 weeks. It has reached a new high 10 times so far this year and lost -40.72% or -$0.7900 in price. In spite of this, the price is down -75.21% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Lufax Holding Ltd (LU) has a trailing price-to-earnings (P/E) ratio of 4.79. The stock’s beta is 0.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.39, the price-to-book (PB) ratio at 0.20, and the price-to-cash flow ratio at 2.81.
The company’s most recent quarterly dividend payment was $0.0390 a share, representing a down of -22.0% from $0.05 last year. Its latest decrease dividend $0.0110 reported on Monday August 21 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.55 and a total debt to equity ratio of 0.58 for the quarter ending June 29. Its gross profit as reported stood at $4.64 billion compared to revenue of $8.64 billion.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.29 billion in the quarter, while revenues were shrunk -93.17%. The analyst consensus anticipated Lufax Holding Ltd’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.06, a 20.00% surprise. For the quarter, EBITDA amounted to $595.29 million. At the end of the quarter ending June 29, Lufax Holding Ltd’s stock balance sheet showed total debt was $48.36 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 24 August was 20.14%, suggesting the stock is oversold, with historical volatility in this time frame at 48.63%.
As of today, LU’s price is $1.2520 -14.18% or -$0.1900 from its 5-day moving average. LU is currently trading -34.66% lower than its 20-day SMA and -43.63% lower than its 100-day SMA. However, the stock’s current price level is -30.72% below the SMA50 and -30.30% below the SMA200.
The stochastic %K and %D were 12.06% and 11.34%, respectively, and the average true range (ATR) was 0.1035. With the 14-day stochastic at 0.00% and the average true range at 0.1043, the RSI (14) stands at 28.36%. The stock has reached -0.0789 on the 9-day MACD Oscillator while the 14-day reading was at -0.1812.
Analyst Ratings
UBS downgraded Lufax Holding Ltd (NYSE: LU) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
