With 2.0 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.38 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $6.27 whereas the lowest price it dropped to was $5.855. The 52-week range on LX shows that it touched its highest point at $6.36 and its lowest point at $1.56 during that stretch. It currently has a 1-year price target of $5.27. With its current market cap of 758.28 million, LX has annualized dividend of $0.14 while the current yield stands at 2.34%. Beta for the stock currently stands at 0.66.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LX was down-trending over the past week, with a drop of -4.38%, but this was up by 8.07% over a month. Three-month performance surged to 61.81% while six-month performance rose 263.58%. The stock gained 221.86% in the past year, while it has gained 1.55% so far this year. A look at the trailing 12-month EPS for LX yields 0.62 with Next year EPS estimates of 1.29.
Float and Shares Shorts:
At present, 128.74 million LX shares are outstanding with a float of 128.68 million shares on hand for trading. On 2024-10-31, short shares totaled 1.25 million, which was 76.0 higher than short shares on 1727654400. In addition to Mr. Wenjie Xiao as the firm’s Chairman & CEO, Mr. Yi Wu serves as its President & Director.
Institutional Ownership:
Through their ownership of 0.26656 of LX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, LX reported revenue of $3662143000.0 and operating income of $531500000.0. The EBITDA in the recently reported quarter was $539906000.0 and diluted EPS was $1.84.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LX since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LX analysts setting a high price target of 37.569 and a low target of 14.963, the average target price over the next 12 months is 29.81275. Based on these targets, LX could surge 537.84% to reach the target high and rise by 154.04% to reach the target low. Reaching the average price target will result in a growth of 406.16% from current levels.
Analysts have provided yearly estimates in a range of $6.69856 being high and $5.66656 being low. For LX, this leads to a yearly average estimate of $6.30679.
