The stock of LexinFintech Holdings Ltd. (NASDAQ:LX) increased by $0.17 on Wednesday to $2.41, up 7.59 percent. The last five days have seen an average of 578,277 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.57. The average number of shares traded over the last 20 days was 429,284, while the average volume over the last 50 days totaled 441,576.
LX stock dropped -15.44% since last month. On 08/25/23, the company’s shares reached a one-month low of $1.94. The stock touched a high of $3.86 on 02/02/23, after rallying from a low of $1.26 in 52 weeks. The price of LX stock has risen by 26.84% or $0.57 this year, reaching a new high 14 times. Still, the stock price is down -37.56% from the 52-week high.
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Valuation Metrics
LexinFintech Holdings Ltd. (LX) has a trailing price-to-earnings (P/E) ratio of 3.15. Beta for the stock is 0.82. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.26, the price-to-book (PB) ratio of 0.32.
Financial Health
For the three months ended March 30, LexinFintech Holdings Ltd.’s quick ratio was 1.50, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.24, and the total debt to equity ratio is 1.11. As far as profitability goes, gross margin for the trailing twelve months is 31.20% percent. LexinFintech Holdings Ltd.’s operating margin stood at 6.60% for the same period. Based on annual data, it had gross profit of $439.99 million and revenue of $1.43 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LX’s return on assets (ROA) during the last 12 months has been 4.60%. There was a 0.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.50%.
Earnings Surprise
According to LexinFintech Holdings Ltd.’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.43 billion, while revenues fell by -24.85% to $0.0. It was predicted that LexinFintech Holdings Ltd.’s quarterly earnings would be $0.55, but it ended up being $0.43, beating the consensus by 27.90%. EBITDA was $34.46 million for the quarter. At the end of LexinFintech Holdings Ltd.’s most recent quarter ended March 30, its liabilities totaled 2.27 billion, while its total debt was $8.43 billion.
Technical Picture
Here’s a quick look at LexinFintech Holdings Ltd.’s (LX) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 62.76%, suggesting the stock is Neutral, with a 87.91% historical volatility rate.
The stochastic %K and %D were 48.16% and 25.49% respectively, while the average true range (ATR) was 0.15. Based on the 14-day stochastic reading of 89.83%, the RSI (14) reading is 55.90%. On the 9-day MACD Oscillator, the stock is at 0.11, and the 14-day reading is at 0.05.
Analyst Ratings
In its most recent analyst report, CLSA raised its rating on LexinFintech Holdings Ltd. (NASDAQ: LX) to a Buy. Prior to this, analysts firm rated the stock as an Outperform.
