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.
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.
