Qifu Technology Sets Date for Q1 2024 Financial Results
TipRanks (Tue, 7-May 7:01 AM ET)
Qifu Technology to Announce First Quarter 2024 Unaudited Financial Results on May 20, 2024
Globe Newswire (Tue, 7-May 5:25 AM ET)
Qifu Technology Releases 2023 ESG Report
Globe Newswire (Fri, 26-Apr 8:21 AM ET)
Qifu Technology Filed 2023 Annual Report on Form 20-F
Globe Newswire (Fri, 26-Apr 7:19 AM ET)
Qifu Technology Provides Updates on Share Repurchase Plans
Globe Newswire (Tue, 2-Apr 6:34 AM ET)
Globe Newswire (Tue, 12-Mar 6:00 PM ET)
Globe Newswire (Thu, 29-Feb 4:00 AM ET)
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 May 7, 2024, QFIN stock price climbed to $19.91 with 865,954 million shares trading.
QFIN has a beta of 1.12, meaning it tends to be more sensitive to market movements. QFIN has a correlation of 0.09 to the broad based SPY ETF.
QFIN has a market cap of $3.17 billion. This is considered a Mid Cap stock.
Last quarter Qifu Technology - American Depositary Shares reported $633 million in Revenue and $1.01 earnings per share. This beat revenue expectation by $41 million and exceeded earnings estimates by $.03.
In the last 3 years, QFIN stock traded as high as $45.00 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 stock has underperformed the market in the last year with a return of +18.2%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in QFIN shares. However, QFIN has outperformed the market in the last 3 month and 2 week periods, returning +39.0% and +8.9%, while SPY returned +5.0% and +3.5%, respectively. This indicates QFIN has been having a stronger performance recently.
QFIN support price is $19.06 and resistance is $20.12 (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 stock will trade within this expected range on the day.