360 DigiTech Stock Buy or Sell? QFIN Stocks Forecast

Market Capitalization: 2 795 088 000 $
EBITDA: 8 905 933 000 $
Price to Earnings: 4.687
Quarterly Earnings Growth YOY: -0.347
Quarterly Revenue Growth YOY: -0.117
Trailing PE: 4.687
Forward PE: 3.531
Shares Outstanding: 159446000

360 DigiTech Stock Buy or Sell? QFIN Stocks Analytic Forecasts

March 24, 2023 (06:24)

360 DigiTech, Inc. (QFIN) Sector: Financial

We present you the most up-to-date and complete review of analytical trend forecasts and views on the QFIN stock market. Experts share their opinions on what to expect from the 360 DigiTech, Inc. stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell 360 DigiTech stocks.

360 DigiTech, Inc. Stock Market Experts’ Analysis and Forecasting – Sell or Buy QFIN Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of Bamboo Works and is titled

“360 DigiTech’s Mediocre Dividends, Unexciting Growth Leave Investors Uninspired”

is published on March 16 (2023) and has 0 likes. The review predicts market trend.

It summarize the following theses:

  • 360 DigiTech kept its dividend steady in last year’s fourth quarter after cutting it every previous period since introducing a dividend policy in 2021.
  • The company doesn’t expect its business to grow rapidly, even as China’s economy bounces back in the post-pandemic era, as it remains focused on risk management.
  • QFIN is still performing better than some of its peers.

The author starts his analytic review with the following:

One way a company can attract investors is to pay nice dividends. Another is to offer a compelling growth story. The conundrum for 360 DigiTech Inc. (NASDAQ:QFIN; 3660.HK) is that it can’t seem to do either, which is one of the key unstated messages in the company’s latest quarterly report.

The opinion of the author can be considered quite authoritative.
The number of 4507 followers confirms this.
Bamboo Works is the contributor of experts community
since 2013 and has 1637 works published.

One more noteworthy article is written by The Value Pendulum under the title

“360 DigiTech: Still In Transition”

on March 2 (2023) and has 2 likes. The expert reflects Neutral trend of the market.

Нis theses make you think about whether to add QFIN stocks to your investment portfolio or not, and helps to work out your own 360 DigiTech stock selling strategies:

  • 360 DigiTech’s share price jump and positive valuation re-rating in recent months have priced in favorable changes in the regulatory environment for Chinese fintech companies.
  • QFIN will require some time to fully transition into a capital-light business model, so I don’t expect a substantial re-rating of the stock’s valuations to happen in the near future.
  • I assign a Hold rating to 360 DigiTech, as I think that it is too early to turn bullish on QFIN when its business model transition is still in progress.

The Value Pendulum starts analysis with such words:

Elevator Pitch My rating for 360 DigiTech, Inc.’s (NASDAQ:QFIN) [3660:HK] stock is a Hold. Positive regulatory developments are already priced in, and QFIN still has capital-heavy services accounting for a significant part of its loans for now. My take is that 360 DigiTech’s shares will remain range-bound in the near future, while the company continues to pivot towards a capital-light model in the intermediate term. This explains my Hold rating for QFIN.

The opinion of the author can be considered quite authoritative.
The number of 9961 followers confirms this.
The Value Pendulum is the contributor of experts community since 2012. Has already published at least 1793 articles.

Another analysis presented by Dan Victor, CFA came out on December 21 (2022). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for QFIN stocks. It sounds like

“360 DigiTech: New Momentum In Chinese Consumer Credit”

Article has got 5 likes at the moment and forecasting Bullish trend of the market.

Summarizing the information presented in the review concerning the 360 DigiTech, Inc., the expert says the following:

  • QFIN is breaking out into a 10-month high on an improving outlook for Chinese consumer credit as “Covid-Zero” policies get rolled back.
  • The company has reported impressive operating and financial trends that can accelerate into 2023.
  • We are bullish on the stock, which is supported by overall solid fundamentals.

And here, what comes first:

360 DigiTech, Inc. (NASDAQ:QFIN) is a China-based fintech lender offering credit services to consumers, and small and medium-sized enterprises. The stock has outperformed over the past year, with impressive momentum following the move by the Chinese government to roll back its Zero-Covid policies. Despite what are still volatile macro conditions, sentiment toward China has improved compared to the first half of the year which was marked by regulatory fears and deeper uncertainties while the sense now is that the government is moving to support economic growth.

This author is very popular among the auditory. He has 16870 followers.

Dan Victor, CFA is the contributor of experts community since 2018 and has at least 1153 analytic reviews published.

The Share Price of 360 DigiTech, Inc. (QFIN) for now

What analysts predict: $27.21
52-week high/low: $25.49 / $9.38

50/200 Day Moving Average: $21.3 / $16.65

The average stock price over the previous 50/200 days. For 360 DigiTech stocks, the 50-day moving average is the resistance level for now. For QFIN stocks, the 200-day moving average is the resistance level today.

See the Detailed Predictions for QFIN stock with charts and tables

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