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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:QFIN

Qifu Technology (QFIN) Stock Price, News & Analysis

$18.43
+0.23 (+1.26%)
(As of 03/28/2024 ET)
Today's Range
$18.10
$18.71
50-Day Range
$13.78
$19.90
52-Week Range
$13.12
$20.40
Volume
1.01 million shs
Average Volume
1.68 million shs
Market Capitalization
$2.97 billion
P/E Ratio
5.04
Dividend Yield
5.32%
Price Target
$24.73

Qifu Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
34.2% Upside
$24.73 Price Target
Short Interest
Bearish
2.80% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.10mentions of Qifu Technology in the last 14 days
Based on 6 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.

4.97 out of 5 stars

Business Services Sector

4th out of 310 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

Central Banks Preparing for US Dollar Collapse?
China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.
Qifu Technology's Earnings: A Preview
Central Banks Preparing for US Dollar Collapse?
China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.
QFIN Jan 2025 12.500 call
Qifu Technology Inc ADR
Qifu Technology Q3 Earnings Preview
Qifu Technology's Earnings Outlook
See More Headlines
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Company Calendar

Last Earnings
8/18/2021
Today
3/28/2024
Ex-Dividend for 5/24 Dividend
4/12/2024
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
+34.2%
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
$6.18 per share
Book Value
$19.21 per share

Miscellaneous

Free Float
133,797,000
Market Cap
$2.97 billion
Optionable
Optionable
Beta
0.60
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QFIN Stock Analysis - Frequently Asked Questions

Should I buy or sell Qifu Technology stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qifu Technology in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 12-month price objectives for Qifu Technology's stock. Their QFIN share price targets range from $23.80 to $25.90. On average, they anticipate the company's share price to reach $24.73 in the next twelve months. This suggests a possible upside of 34.2% 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 beginning of the year. Since then, QFIN shares have increased by 16.5% and is now trading at $18.43.
View the best growth stocks for 2024 here
.

Are investors shorting Qifu Technology?

Qifu Technology saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 4,520,000 shares, an increase of 23.2% from the February 29th total of 3,670,000 shares. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is currently 4.2 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) issued its earnings results on Wednesday, August, 18th. The company reported $10.03 earnings per share for the quarter, beating the consensus estimate of $7.52 by $2.51. The firm earned $619.76 million during the quarter. Qifu Technology had a trailing twelve-month return on equity of 20.44% and a net margin of 26.29%.

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

Qifu Technology declared 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 yield of 5.7%. The ex-dividend date of this dividend is Friday, April 12th. This is a positive change 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 $0.98 per share and currently has a dividend yield of 5.29%. QFIN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 26.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QFIN will have a dividend payout ratio of 19.68% 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 initial public offering (IPO) on Friday, December 14th 2018. The company issued 3,100,000 shares at $16.50-$18.50 per share. Citigroup, Haitong International, AMTD and Lighthouse Capital acted 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 Vanguard Group Inc. (2.86%), Vanguard Group Inc. (2.86%), TT International Asset Management LTD (2.40%), Tiger Pacific Capital LP (1.78%), Yunqi Capital Ltd (1.66%) and Norges Bank (1.45%).

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 3/29/2024 by MarketBeat.com Staff

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