Profile
Sector:
Financial ServicesIndustry:
Credit ServicesCountry:
ChinaIPO:
14 December 2018Website:
http://www.360shuke.comNext earnings report:
15 November 2024Last dividends:
27 September 2024Next dividends:
N/APrice
regular market | 5 min agoAnalysts recommendations
Institutional Ownership
QFIN Latest News
Investors interested in stocks from the Technology Services sector have probably already heard of Qifu Technology, Inc. (QFIN) and Amplitude, Inc. (AMPL). But which of these two stocks presents investors with the better value opportunity right now?
Qifu Technology can benefit from increased demand for its credit-based offerings as interest rates become more attractive for borrowers. The company's expected growth could be upgraded due to economic stimulus and Qifu's effective strategies, thus driving the stock higher. Qifu Technology is trading at a bargain valuation, providing significant potential for price-to-earnings (PE) expansion as it continues to grow.
Qifu Technology is a profitable Chinese digital lending firm utilizing AI and big data, showing significant earnings growth and a 97.85% stock price surge. Q2 2024 results highlight a 6.3% revenue increase and a 23% rise in non-GAAP net income, driven by a growing user base. QFIN's valuation metrics, including a low P/E GAAP ratio and high dividend yield, indicate that the company is undervalued with strong growth and income potential.
Qifu Technology, Inc. (QFIN) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Investors looking for stocks in the Technology Services sector might want to consider either Qifu Technology, Inc. (QFIN) or Ibotta (IBTA). But which of these two stocks offers value investors a better bang for their buck right now?
Qifu Technology, Inc. (QFIN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
SHANGHAI, China, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today issues the following preliminary responses to the key claims made in a report (the “Report”) by Grizzly Research, a short seller, on September 26, 2024.
Qifu Technology, Inc. (QFIN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, QFIN broke through the 20-day moving average, which suggests a short-term bullish trend.
Qifu Technology, Inc. (QFIN) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Does Qifu Technology, Inc. (QFIN) have what it takes to be a top stock pick for momentum investors? Let's find out.
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What type of business is 360 DigiTech?
Qifu Technology, Inc., together with its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. The company 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. It 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. Qifu Technology, Inc. was founded in 2016 and is headquartered in Shanghai, the People's Republic of China.
What sector is 360 DigiTech in?
360 DigiTech is in the Financial Services sector
What industry is 360 DigiTech in?
360 DigiTech is in the Credit Services industry
What country is 360 DigiTech from?
360 DigiTech is headquartered in China
When did 360 DigiTech go public?
360 DigiTech initial public offering (IPO) was on 14 December 2018
What is 360 DigiTech website?
https://www.360shuke.com
Is 360 DigiTech in the S&P 500?
No, 360 DigiTech is not included in the S&P 500 index
Is 360 DigiTech in the NASDAQ 100?
No, 360 DigiTech is not included in the NASDAQ 100 index
Is 360 DigiTech in the Dow Jones?
No, 360 DigiTech is not included in the Dow Jones index
When was 360 DigiTech the previous earnings report?
No data
When does 360 DigiTech earnings report?
The next expected earnings date for 360 DigiTech is 15 November 2024