Here Are Reasons Why Lufax Holding Ltd ADR (NYSE: LU) Is A Great Choice Now

The trading price of Lufax Holding Ltd ADR (NYSE:LU) floating higher at last check on Tuesday, April 02, closing at $4.46, 1.55% higher than its previous close.

The company’s P/E ratio in the trailing 12-month period was 19.48, while its 5Y monthly beta was 0.84. In examining the 52-week price action we see that the stock hit a 52-week high of $8.68 and a 52-week low of $2.11. Over the past month, the stock has gained 38.45% in value.

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Lufax Holding Ltd ADR, whose market valuation is $2.43 billion at the time of this writing, is expected to release its quarterly earnings report May 20, 2024 – May 24, 2024. The dividend yield on the company stock is 2.00%, while its Forward Dividend ratio is 0.09. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.13 per share this quarter, however they have predicted annual earnings per share of $0.37 for 2024 and $0.77 for 2025. It means analysts are expecting annual earnings per share growth of 68.20% this year and 108.10% next year.

Analysts have forecast the company to bring in revenue of $1.03 billion for the current quarter, with the likely lows of $1.03 billion and highs of $1.03 billion. The average estimate suggests sales will likely down by -29.50% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $4.15 billion. The company’s revenue is forecast to drop by -14.00% over what it did in 2024.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Lufax Holding Ltd ADR No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest LU has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that LU’s price is currently 31.06% off the SMA20 and 54.66% off the SMA50. The RSI metric on the 14-day chart is currently showing 69.86, and weekly volatility stands at 3.94%. When measured over the past 30 days, the indicator reaches 6.38%. Lufax Holding Ltd ADR (NYSE:LU)’s beta value is currently sitting at 0.89, while the Average True Range indicator is currently displaying 0.26.

To see how Lufax Holding Ltd ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: LU stock’s performance was 1.55% at last check in today’s session, and -47.43% in the past year. Lufax Holding Ltd ADR has a P/E ratio of 19.48.

An evaluation of the daily trading volume of Lufax Holding Ltd ADR (NYSE:LU) indicates that the 3-month average is 5.60 million. However, this figure has increased over the past 10 days to an average of 11.26 million.

Currently, records show that 544.40 million of the company’s shares remain outstanding. The insiders hold 0.04% of outstanding shares, whereas institutions hold 17.35%. The stats also highlight that short interest as of Mar 15, 2024, stood at 13.96 million shares, resulting in a short ratio of 2.17 at that time. From this, we can conclude that short interest is 2.19% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 13.93 million. However, since the stock’s price has seen 45.21% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.