QFIN Stock Summary and Trading Ideas (Qifu Technology - American Depositary Shares | NASDAQ:QFIN)

Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.

Qifu Technology - American Depositary Shares trades on the NASDAQ stock market under the symbol QFIN.

As of January 30, 2025, QFIN stock price climbed to $42.19 with 1,091,698 million shares trading.

QFIN has a beta of 1.31, meaning it tends to be more sensitive to market movements. QFIN has a correlation of 0.15 to the broad based SPY ETF.

QFIN has a market cap of $6.55 billion. This is considered a Mid Cap stock.

Last quarter Qifu Technology - American Depositary Shares reported $623 million in Revenue and $1.76 earnings per share. This beat revenue expectation by $45 million and exceeded earnings estimates by $.36.

In the last 3 years, QFIN traded as high as $43.20 and as low as $9.47.

The top ETF exchange traded funds that QFIN belongs to (by Net Assets): KWEB, VXUS, VWO, IEMG, AVEM.

QFIN has outperformed the market in the last year with a price return of +206.6% while the SPY ETF gained +24.6%. QFIN has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +23.7% and +15.3%, respectively, while the SPY returned +4.3% and +2.1%, respectively.

QFIN support price is $39.87 and resistance is $42.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QFIN shares will trade within this expected range on the day.