Lufax Holding Ltd (NYSE:LU) currently has a daily average trading volume of 16.42M but it saw 12263774 shares traded on Thursday. With a market cap of 4.32B USD, stock’s current market price of $1.84 came falling about -2.13 while comparing to the previous closing price of $1.88. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.05 and as low as $1.26. In the recent trading on the day, stock has struck highest price mark of $1.92 while lowest mark touched by it was $1.79.
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Taking a look at 20-day trading activity of Lufax Holding Ltd (LU) gives us an average price of $2.1710, while its current price level is -73.90% below from 52-week high level whereas it is 46.03% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.4978 while that of 200 days or SMA-200 reads an average of $3.2861. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.14% during that period while stretching the period over a month that decreases to 6.20%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 31.43 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Macquarie which downgraded the stock as “Underperform” in its note to investors issued on March 14, 2023, recommending a price target of $1.50 for it. Citigroup downgraded its recommendation for the stock as a “Neutral” from “Buy” on March 13, 2023 while assigning a price target range of $3.52-$2.04. JP Morgan also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $6.40 and $1.60.
Over the week, LU’s stock price is moving -5.64% down while it is -28.40% when we observe its performance for the past one month. Year-to-date it is -5.15% down and over the past year, the stock is showing a downside performance of -60.34%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.08 beaten by the consensus estimate of $0.17 for the same. The company is expected to be releasing its next quarterly report in 04/24/2023, for which analysts forecasted an EPS of $0.03 while estimate for next year EPS is $0.56. For LU, analysts are forecasting an EPS-growth rate of -46.70% for current year and estimate for EPS growth in next year is -16.10%. In next quarter, company is expected to be making quarterly sales of $2.23 billion as analysts are expecting the sales for current fiscal year at $8.52 billion and seeing the company making $7.5 billion in sales next year. Moreover, analysts are in estimates of $1.82 billion for current-quarter revenue.
Currently, Lufax Holding Ltd’s total number of outstanding shares is 2.29B with 0.57% of that held by the insiders while 17.19% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 12.50% and return on equity (ROE) at 13.10%. It has a price to earnings ratio (P/E ratio) of 2.54 while having a 4.09 of forward P/E ratio. Stock has a price to book (P/B) ratio of 0.31 while price to sale or P/S ratio amounts to 0.49. Its return on asset (ROA) is 3.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that KraneShares CSI China Internet ET came shrinking its share ownership by -0.53% in the Lufax Holding Ltd (LU) decreasing its stake to 1.30% with control over -0.16 million shares in the company. As per SEC documents, KraneShares CSI China Internet ET sought 29,792,024 of company’s common stock of worth $64.35 million as per recent closing price of the stock. KraneShares CSI China Internet ET is not the only institutional holder which restructured its stake in Lufax Holding Ltd, as Government Pension Fund – Global picked 15,165,927 shares of worth $32.76 million to bring its holdings to a total of 12.42 million shares. In the most recent quarter, American Funds New World Fund came cutting its stake by -3.01% in the company and now holds 11.14 million or 0.49% of the company’s stake having worth of about 24.07 million.
