The stock of Lufax Holding Ltd (NYSE:LU) increased by $0.02 on Monday to finish at $1.19, up 1.71 percent. The last five days have seen an average of 11,047,100 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$0.7500. The average number of shares traded over the last 20 days was 9,000,900, while the average volume over the last 50 days totaled 9,796,594.
LU stock dropped -34.62% since last month. On 08/25/23, the company’s shares reached a one-month low of $1.1500. The stock touched a high of $4.64 on 02/02/23, after rallying from a low of $1.15 in 52 weeks. The price of LU stock has declined by -38.66% or -$0.7500 this year, reaching a new high 10 times. Still, the stock price is down -74.35% from the 52-week high.
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Valuation Metrics
Lufax Holding Ltd (LU) has a trailing price-to-earnings (P/E) ratio of 9.22. Beta for the stock is 0.88. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.44, the price-to-book (PB) ratio of 0.21, and the price-to-cash flow ratio of 1.94.
Company paid $0.0390 per share in dividends, a decrease of -22.0% from $0.05 last year. A $0.0110 dividend decrease was reported on Monday August 21 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.50, and the total debt to equity ratio is 0.51. Lufax Holding Ltd’s operating margin stood at 10.00% for the same period. Based on annual data, it had gross profit of $4.64 billion and revenue of $8.64 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LU’s return on assets (ROA) during the last 12 months has been 0.60%. There was a 6.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.30%.
Earnings Surprise
According to Lufax Holding Ltd’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.34 billion, while revenues fell by -31.06% to $0.0. It was predicted that Lufax Holding Ltd’s quarterly earnings would be $0.06, but it ended up being $0.05. EBITDA was $595.29 million for the quarter. At the end of Lufax Holding Ltd’s most recent quarter ended June 29, its total debt was $48.36 billion.
Technical Picture
Here’s a quick look at Lufax Holding Ltd’s (LU) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 27.55%, suggesting the stock is oversold, with a 52.26% historical volatility rate.
The stochastic %K and %D were 7.99% and 10.09% respectively, while the average true range (ATR) was 0.0913. Based on the 14-day stochastic reading of 6.90%, the RSI (14) reading is 32.35%. On the 9-day MACD Oscillator, the stock is at -0.0822, and the 14-day reading is at -0.1693.
Analyst Ratings
Lufax Holding Ltd (NYSE: LU) was downgraded by UBS to a a Sell rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Lufax Holding Ltd (LU) an Hold rating. LU is a stock that is recommended for selling by 4 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 5 others recommend it as a buy.
What is LU’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.28 and $19.68, with a median target price of $10.57. In analyzing these forecasts, the average price target given by analysts for Lufax Holding Ltd (LU) is $11.53.
