The stock of FinVolution Group (NYSE:FINV) decreased by -$0.01 on Friday to finish at $5.11, down -0.20 percent. The last five days have seen an average of 808,320 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.15. The average number of shares traded over the last 20 days was 966,995, while the average volume over the last 50 days totaled 1,041,436.
FINV stock dropped -9.88% since last month. On 08/23/23, the company’s shares reached a one-month low of $5.06. The stock touched a high of $6.05 on 08/08/23, after rallying from a low of $3.55 in 52 weeks. The price of FINV stock has risen by 3.02% or $0.15 this year, reaching a new high 14 times. Still, the stock price is down -15.54% from the 52-week high.
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Valuation Metrics
FinVolution Group (FINV) has a trailing price-to-earnings (P/E) ratio of 4.43. Beta for the stock is 0.69. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.89, the price-to-book (PB) ratio of 0.84, and the price-to-cash flow ratio of 10.70.
Company paid $0.2150 per share in dividends, an increase of 4.88% from $0.2050 last year. A $0.01 dividend increase was reported on Tuesday March 14 2023.
Financial Health
As far as profitability goes, gross margin for the trailing twelve months is 82.50% percent. FinVolution Group’s operating margin stood at 22.80% for the same period. Based on annual data, it had gross profit of $1.32 billion and revenue of $1.61 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FINV’s return on assets (ROA) during the last 12 months has been 11.70%. There was a 16.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.10%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.78 billion, while revenues rose by 6.03% to $0.0. EBITDA was $250.88 million for the quarter. At the end of FinVolution Group’s most recent quarter, its liabilities totaled 1.27 billion, while its total debt was $176.26 million.
Technical Picture
Here’s a quick look at FinVolution Group’s (FINV) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 31.91%, suggesting the stock is Neutral, with a 15.88% historical volatility rate.
The stochastic %K and %D were 4.04% and 4.08% respectively, while the average true range (ATR) was 0.15. Based on the 14-day stochastic reading of 5.05%, the RSI (14) reading is 39.74%. On the 9-day MACD Oscillator, the stock is at -0.05, and the 14-day reading is at -0.22.
Analyst Ratings
In its analyst report released on July 26, 2023, Daiwa Securities began covering FinVolution Group (NYSE: FINV). The stock was rated as a Buy by the brokerage firm. Analysts have assigned FinVolution Group (FINV) an Buy rating. FINV is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is FINV’s price target for the next 12 months?
The current consensus forecast for the stock is between $42.09 and $48.10, with a median target price of $46.46. In analyzing these forecasts, the average price target given by analysts for FinVolution Group (FINV) is $45.59.
