Lufax Holding Ltd ADR (NYSE:LU) shares, rose in value, with the stock price down by -1.14% to the previous day’s close as strong demand from buyers drove the stock to $4.33.
Actively observing the price movement in the last trading, the stock closed the session at $4.38. The value of beta (5-year monthly) was 0.84 whereas the PE ratio was 18.92 over 12-month period. Referring to stock’s 52-week performance, its high was $8.68, and the low was $2.11. On the whole, LU has fluctuated by 69.14% over the past month.
With the market capitalization of Lufax Holding Ltd ADR currently standing at about $2.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 11, 2024 – Mar 15, 2024. The company’s Forward Dividend Ratio is 0.09, with its dividend yield at 2.06%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.13, which is expected to increase to $0.24 for fiscal year $0.38 and then to about $0.76 by fiscal year 2025. Data indicates that the EPS growth is expected to be 72.70% in 2025, while the next year’s EPS growth is forecast to be 100.00%.
Analysts have estimated the company’s revenue for the quarter at $1.03 billion, with a low estimate of $1.03 billion and a high estimate of $1.03 billion. According to the average forecast, sales growth in current quarter could jump down -29.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.05 billion, representing a decrease of -16.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LU’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LU currently trading nearly 21.22% and 45.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.40, while the 7-day volatility ratio is showing 4.87% which for the 30-day chart, stands at 5.34%. Furthermore, Lufax Holding Ltd ADR (LU)’s beta value is 0.89, and its average true range (ATR) is 0.25.
A comparison of Lufax Holding Ltd ADR (LU) with its peers suggests the former has fared considerably weaker in the market. LU showed an intraday change of -1.14% in last session, and over the past year, it shrunk by -48.21%%.
Data on historical trading for Lufax Holding Ltd ADR (NYSE:LU) indicates that the trading volumes over the past 10 days have averaged 11.08 million and over the past 3 months, they’ve averaged 5.58 million. According to company’s latest data on outstanding shares, there are 544.40 million shares outstanding.
Nearly 0.04% of Lufax Holding Ltd ADR’s shares belong to company insiders and institutional investors own 17.34% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.96 million shares as on Mar 15, 2024, resulting in a short ratio of 2.17. According to the data, the short interest in Lufax Holding Ltd ADR (LU) stood at 2.19% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 13.93 million. The stock has risen by 41.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LU stock heading into the next quarter.
