As of Wednesday close, FinVolution Group’s (NYSE:FINV) stock was down -$0.13, moving down -2.49 percent to $5.09. The average number of shares traded per day over the past five days has been 1,124,840 shares. 3 times new highs have been achieved over the past 5 days, with a $0.02 gain in that time frame. In the last twenty days, the average volume was 950,855, while in the previous 50 days, it was 1,060,984.
Since last month, FINV stock retreated -14.31%. Shares of the company fell to $5.04 on 08/29/23, the lowest level in the past month. A 52-week high of $6.05 was reached on 08/08/23 after having rallying from a 52-week low of $3.55. Since the beginning of this year, FINV’s stock price has risen by 2.62% or $0.13, and marked a new high 14 times. However, the stock has declined by -15.87% since its 52-week high.
Valuation Metrics
Right now, FinVolution Group (FINV) has a P/E ratio of about 4.41. The stock’s beta is 0.67. Besides these, the trailing price-to-sales (P/S) ratio of 0.89, the price-to-book (PB) ratio of 0.83, and the price-to-cash flow ratio of 10.65 may also be considered.
The latest dividend of $0.2150 per share was paid out, which is 4.88% more than last year’s $0.2050. On Tuesday March 14 2023, a $0.01 dividend increase was announced.
Financial Health
On the profitability front, the trailing twelve-month gross margin is 82.50% percent. In the recent year, operating margins totaled 22.80%. Based on annual data, FINV earned $1.32 billion in gross profit and brought in $1.61 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.70%. Return on equity (ROE) for the past 12 months was 20.10%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FINV’s revenue rose 6.03% during the quarter, while net income inched up to $1.78 billion. During the quarter, the company generated $79.36 million in EBITDA. The liabilities of FinVolution Group were 1.19 billion at the end of its most recent quarter, and its total debt was $159.29 million.
Technical Picture
This quick technical analysis looks at FinVolution Group’s (FINV) price momentum. With a historical volatility rate of 19.97%, the RSI 9-day stood at 35.60% on 30 August.
With respect to its five-day moving average, the current FinVolution Group price is up by +0.39% percent or $0.02. At present, FINV shares trade -13.29% below its 20-day simple moving average and +28.54% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.11% above its SMA50 and +11.87% above its SMA200.
Stochastic coefficient K was 12.81% and Stochastic coefficient D was 10.50%, while ATR was 0.18. Given the Stochastic reading of 7.35% for the 14-day period, the RSI (14) reading has been calculated as 40.61%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at -0.05.
Analyst Ratings
Daiwa Securities launched its rating on FinVolution Group (NYSE: FINV) to a Buy in a note to investors on July 26, 2023. FinVolution Group (FINV) has been rated Buy by analysts. According to 0 brokerage firms, FINV is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate FinVolution Group stock as buy, with 7 recommending it as overweight.
With a median target price of $47.29, the current consensus forecast for the stock is $43.75 – $52.50. Based on these forecasts, analysts predict FinVolution Group (FINV) will achieve an average price target of $48.18.
