NASDAQ:QFIN

Qifu Technology (QFIN) Stock Price, News & Analysis

$18.73
+0.22 (+1.19%)
(As of 04/24/2024 ET)
Today's Range
$18.52
$19.11
50-Day Range
$15.19
$20.00
52-Week Range
$13.12
$20.61
Volume
1.10 million shs
Average Volume
1.09 million shs
Market Capitalization
$3.02 billion
P/E Ratio
5.12
Dividend Yield
6.09%
Price Target
$24.73

Qifu Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.1% Upside
$24.73 Price Target
Short Interest
Healthy
2.32% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.02mentions of Qifu Technology in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.55%
From $4.31 to $4.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.98 out of 5 stars

Business Services Sector

2nd out of 306 stocks

Nondepository Credit Institutions Industry

1st out of 45 stocks

QFIN stock logo

About Qifu Technology Stock (NASDAQ:QFIN)

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.

QFIN Stock Price History

QFIN Stock News Headlines

The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
Qifu Technology's Earnings: A Preview
QFIN Jan 2025 12.500 call
Qifu Technology Inc ADR
See More Headlines
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Company Calendar

Last Earnings
3/12/2024
Ex-Dividend for 5/24 Dividend
4/12/2024
Today
4/24/2024
Next Earnings (Estimated)
5/16/2024
Dividend Payable
5/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:QFIN
Fax
N/A
Employees
2,199
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$24.73
High Stock Price Target
$25.90
Low Stock Price Target
$23.80
Potential Upside/Downside
+31.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$603.58 million
Pretax Margin
32.40%

Debt

Sales & Book Value

Annual Sales
$2.29 billion
Cash Flow
$6.42 per share
Book Value
$19.21 per share

Miscellaneous

Free Float
133,797,000
Market Cap
$3.05 billion
Optionable
Optionable
Beta
0.62
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QFIN Stock Analysis - Frequently Asked Questions

Should I buy or sell Qifu Technology stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Qifu Technology in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" QFIN shares.
View QFIN analyst ratings
or view top-rated stocks.

What is Qifu Technology's stock price target for 2024?

3 Wall Street analysts have issued 1 year price objectives for Qifu Technology's shares. Their QFIN share price targets range from $23.80 to $25.90. On average, they expect the company's share price to reach $24.73 in the next twelve months. This suggests a possible upside of 32.1% from the stock's current price.
View analysts price targets for QFIN
or view top-rated stocks among Wall Street analysts.

How have QFIN shares performed in 2024?

Qifu Technology's stock was trading at $15.82 at the start of the year. Since then, QFIN stock has increased by 18.4% and is now trading at $18.73.
View the best growth stocks for 2024 here
.

Are investors shorting Qifu Technology?

Qifu Technology saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 3,750,000 shares, a decline of 17.0% from the March 15th total of 4,520,000 shares. Based on an average daily trading volume, of 1,140,000 shares, the short-interest ratio is currently 3.3 days.
View Qifu Technology's Short Interest
.

When is Qifu Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our QFIN earnings forecast
.

How were Qifu Technology's earnings last quarter?

Qifu Technology, Inc. (NASDAQ:QFIN) released its quarterly earnings results on Tuesday, March, 12th. The company reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. The firm had revenue of $633.18 million for the quarter, compared to analyst estimates of $597.09 million. Qifu Technology had a net margin of 26.29% and a trailing twelve-month return on equity of 20.44%.

How often does Qifu Technology pay dividends? What is the dividend yield for Qifu Technology?

Qifu Technology announced a semi-annual dividend on Wednesday, March 13th. Stockholders of record on Monday, April 15th will be given a dividend of $0.57 per share on Friday, May 24th. This represents a dividend yield of 5.7%. The ex-dividend date is Friday, April 12th. This is an increase from the stock's previous semi-annual dividend of $0.50.
Read our dividend analysis for QFIN
.

Is Qifu Technology a good dividend stock?

Qifu Technology (NASDAQ:QFIN) pays an annual dividend of $1.14 per share and currently has a dividend yield of 6.23%. QFIN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QFIN will have a dividend payout ratio of 22.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for QFIN.

What other stocks do shareholders of Qifu Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Qifu Technology investors own include Bank of America (BAC), Gilead Sciences (GILD), Enterprise Products Partners (EPD), Energy Transfer (ET), AbbVie (ABBV), Citigroup (C), DocuSign (DOCU), International Business Machines (IBM), Intel (INTC) and Johnson & Johnson (JNJ).

When did Qifu Technology IPO?

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

Who are Qifu Technology's major shareholders?

Qifu Technology's stock is owned by many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.17%), Banque Cantonale Vaudoise (0.13%), Los Angeles Capital Management LLC (0.06%), E Fund Management Hong Kong Co. Ltd. (0.06%), Altfest L J & Co. Inc. (0.02%) and Handelsinvest Investeringsforvaltning (0.01%).

How do I buy shares of Qifu Technology?

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.

This page (NASDAQ:QFIN) was last updated on 4/25/2024 by MarketBeat.com Staff

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