Investing In Qifu Technology Inc. ADR (NASDAQ: QFIN): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NASDAQ and operates within the Credit Services industry segment. The current market capitalization of Qifu Technology Inc. ADR is $5.50B. A total of 0.76 million shares were traded on the day, compared to an average of 1.72M shares.

In the most recent transaction, Andrew Y Yan bought 800,000 shares of QFIN for 26.49 per share on Sep 05 ’24. In a previous transaction on Sep 06 ’24, Zhiqiang He bought 196,853 shares at 25.90 per share.

Among the insiders who bought shares, Yan Zheng acquired of 250,000 shares on Aug 23 ’24 at a per-share price of $24.84.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Qifu Technology Inc. ADR pays an annual dividend of $1.18, resulting in a dividend yield of 3.37%, and it has a price to earnings (P/E) ratio of 8.42. QFIN’s most recent ex-dividend date was 9/27/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 11/1/2024. Previously, the company paid the dividend on 5/24/2024 with an ex-dividend date of 4/12/2024. The QFIN stock dividend was $0.57 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, QFIN has a high of $35.02 and a low of $13.71.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $19.74, while its Total Shareholder’s Equity was $15.22B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for QFIN is Buy with a score of 5.00.

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