Key Details
Price
$37.35Last Dividend
$0.60Annual Revenue
$1.90 BAnnual EPS
$3.69Annual ROE
20.72%Beta
-Events Calendar
Next earnings date:
Mar 12, 2025Recent quarterly earnings:
Nov 19, 2024Recent annual earnings:
Mar 12, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Sept 27, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
SHANGHAI, China, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a top Credit-Tech platform in China, has shared new information about its plans to buy back shares.
Qifu Technology, Inc. (QFIN) might be a good option for investors interested in short-term gains from stocks that are fundamentally strong. It has successfully met the criteria of our short-term trading strategy.
With the recent increase in QFIN shares, we are assessing its current status to decide if you should invest in it or pass on it.
We have selected three stocks from emerging markets: QFIN, YTRA, and RDY. These companies are anticipated to experience strong growth in 2025 due to their effective growth strategies and solid fundamentals.
Is Qifu Technology, Inc. (QFIN) a strong choice for momentum investors? Let's investigate.
Qifu Technology has performed well, achieving a 140% year-on-year stock return thanks to its efficient platform services and better profitability. In the third quarter of 2024, the company surpassed expectations with notable increases in net income, return on equity, and user growth, showcasing its effective operations and strategic direction. Despite facing macroeconomic and regulatory challenges, QFIN remains undervalued due to its low price-to-earnings ratio and active share buyback plan, indicating strong potential for future earnings growth.
Due to the recent increase in QFIN shares, we are evaluating its current status to decide if it's a good idea to buy, hold, or sell.
I appreciate some features of Qifu Technology, such as its impressive revenue growth of 277%, strong financial health, and actions that benefit shareholders, like increasing dividends and buying back shares. However, I have concerns about its significant dependence on risk-bearing revenue, which makes up 72%, and its complete exposure to China's regulatory environment due to a VIE structure. Additionally, there are risks from AI disruptions and potential issues related to ADRs, such as delisting and financial transparency.
On November 19, 2024, Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660), a top Credit-Tech platform in China, shared its unaudited financial results for the third quarter that ended on September 30, 2024. The company also introduced a new share repurchase plan worth US$450 million for 2025.
Investors looking at stocks in the Technology Services sector may be familiar with Qifu Technology, Inc. (QFIN) and Amplitude, Inc. (AMPL). However, which of these two stocks is more appealing to value investors?
FAQ
- What is the primary business of 360 DigiTech?
- What is the ticker symbol for 360 DigiTech?
- Does 360 DigiTech pay dividends?
- What sector is 360 DigiTech in?
- What industry is 360 DigiTech in?
- What country is 360 DigiTech based in?
- When did 360 DigiTech go public?
- Is 360 DigiTech in the S&P 500?
- Is 360 DigiTech in the NASDAQ 100?
- Is 360 DigiTech in the Dow Jones?
- When was 360 DigiTech's last earnings report?
- When does 360 DigiTech report earnings?