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NASDAQ:QFIN

Qifu Technology (QFIN) Stock Price, News & Analysis

Qifu Technology logo
$35.40 +0.15 (+0.43%)
(As of 09:01 AM ET)

About Qifu Technology Stock (NASDAQ:QFIN)

Key Stats

Today's Range
$35.40
$35.40
50-Day Range
$24.91
$35.25
52-Week Range
$13.71
$35.44
Volume
808 shs
Average Volume
1.29 million shs
Market Capitalization
$5.71 billion
P/E Ratio
7.17
Dividend Yield
3.33%
Price Target
$23.80
Consensus Rating
Buy

Company Overview

Qifu Technology, Inc., through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service. The company also offers e-commerce loans, enterprise loans, and invoice loans to SME owners. It serves financial institutions, consumers, and small- and micro-enterprises. The company was formerly known as 360 DigiTech, Inc. and changed its name to Qifu Technology, Inc. in March 2023. The company was founded in 2016 and is headquartered in Shanghai, the People's Republic of China.

Qifu Technology Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
79th Percentile Overall Score

QFIN MarketRank™: 

Qifu Technology scored higher than 79% of companies evaluated by MarketBeat, and ranked 88th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Qifu Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Qifu Technology has received no research coverage in the past 90 days.

  • Read more about Qifu Technology's stock forecast and price target.
  • Earnings Growth

    Earnings for Qifu Technology are expected to grow by 6.35% in the coming year, from $5.04 to $5.36 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Qifu Technology is 7.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Qifu Technology is 7.14, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 37.03.

  • Price to Earnings Growth Ratio

    Qifu Technology has a PEG Ratio of 0.44. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Qifu Technology has a P/B Ratio of 1.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.99% of the outstanding shares of Qifu Technology have been sold short.
  • Short Interest Ratio / Days to Cover

    Qifu Technology has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Qifu Technology has recently decreased by 0.62%, indicating that investor sentiment is improving.
  • Dividend Leadership

    Qifu Technology is a leading dividend payer. It pays a dividend yield of 3.65%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Qifu Technology does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Qifu Technology is 23.89%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Qifu Technology will have a dividend payout ratio of 22.01% next year. This indicates that Qifu Technology will be able to sustain or increase its dividend.

  • Read more about Qifu Technology's dividend.
  • Percentage of Shares Shorted

    0.99% of the outstanding shares of Qifu Technology have been sold short.
  • Short Interest Ratio / Days to Cover

    Qifu Technology has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Qifu Technology has recently decreased by 0.62%, indicating that investor sentiment is improving.
  • News Sentiment

    Qifu Technology has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Qifu Technology this week, compared to 3 articles on an average week.
  • Search Interest

    Only 13 people have searched for QFIN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added Qifu Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Qifu Technology insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    17.10% of the stock of Qifu Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    74.81% of the stock of Qifu Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Qifu Technology's insider trading history.
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QFIN Stock News Headlines

Qifu Technology reports Q3 EPS RMB12.35 vs RMB7.20 last year
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Qifu Technology Reports Strong Q3 Results, New Buyback Plan
Qifu Technology price target raised to $39.35 from $34 at BofA
See More Headlines

QFIN Stock Analysis - Frequently Asked Questions

Qifu Technology's stock was trading at $15.82 at the beginning of the year. Since then, QFIN shares have increased by 122.8% and is now trading at $35.25.
View the best growth stocks for 2024 here
.

Qifu Technology, Inc. (NASDAQ:QFIN) released its earnings results on Wednesday, August, 18th. The company reported $10.03 EPS for the quarter, beating analysts' consensus estimates of $7.52 by $2.51. The company earned $619.76 million during the quarter. Qifu Technology had a trailing twelve-month return on equity of 24.72% and a net margin of 31.82%.

Qifu Technology (QFIN) raised $54 million in an initial public offering on Friday, December 14th 2018. The company issued 3,100,000 shares at $16.50-$18.50 per share. Citigroup, Haitong International, AMTD and Lighthouse Capital acted as the underwriters for the IPO and China Securities International, TF International, HeungKong Financial and North Beta Capital were co-managers.

Qifu Technology's top institutional investors include Krane Funds Advisors LLC (3.65%), Aspex Management HK Ltd (3.55%), State Street Corp (1.44%) and Serenity Capital Management PTE. LTD. (1.32%).

Shares of QFIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Qifu Technology investors own include Humana (HUM), American Water Works (AWK), NVIDIA (NVDA), TotalEnergies (TTE), Voyager Therapeutics (VYGR), Waste Connections (WCN) and Broadcom (AVGO).

Company Calendar

Last Earnings
8/18/2021
Ex-Dividend for 11/1 Dividend
9/27/2024
Dividend Payable
11/01/2024
Today
11/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
Banking
Current Symbol
NASDAQ:QFIN
Fax
N/A
Employees
3,121
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$23.80
High Stock Price Target
$23.80
Low Stock Price Target
$23.80
Potential Upside/Downside
-32.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$603.58 million
Pretax Margin
37.66%

Debt

Sales & Book Value

Annual Sales
$2.29 billion
Cash Flow
$4.36 per share
Book Value
$19.21 per share

Miscellaneous

Free Float
133,797,000
Market Cap
$5.69 billion
Optionable
Optionable
Beta
0.61
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This page (NASDAQ:QFIN) was last updated on 11/21/2024 by MarketBeat.com Staff
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