360 Finance, Inc. (NASDAQ:QFIN) said that it filed a registration statement with the U.S. Securities and Exchange Commission for a follow-on public offering of 7.5 million of its American depositary shares. Citigroup and Morgan Stanley will be assisting with the stock sale, and the underwriters have an option to purchase up to an additional 1.125 million shares.
Technical Stock Analysis
360 Finance, Inc. (NASDAQ:QFIN), a Financial sector firm, traded 933481 shares in last trading session and stock soared 3.36% with closing price of $11.06 per share. Company gross margins represents its total sales revenue minus its cost of goods sold (COGS), divided by the total sales revenue earned by the company, expressed as a percentage. And its good to know that the higher that percentage, the more the company retains on each dollar of sales, to service its other costs and the debt obligations, and 360 Finance, Inc. (NASDAQ:QFIN)’s gross margin stands at 83.60%.
Investment Worthy Stock or not?
For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the purpose of comparing a 360 Finance, Inc. (NASDAQ:QFIN)’s profitability or to compare the efficiency of different investments, hence, QFIN return on investment (ROI) is 26.50%.
52-Week Range are valuable stats for watching 360 Finance, Inc. (NASDAQ:QFIN)’s past year fluctuation as that gives investors an idea of how much the security has moved in the last year and whether it is trading near the top, middle or bottom of the range. 360 Finance, Inc. (NASDAQ:QFIN)’s stock value has moved between $9.88 – 24.58 in last one year.
Analysts mean target price for 360 Finance, Inc. (NASDAQ:QFIN) is $26.26 while analysts mean recommendation is 1.50.
Its weekly performance is -20.20% while year to date (YTD) performance is -28.68%.
Earnings per share growth is defined as the percentage change in normalised earnings per share over the previous 12 month period to the latest year end. It gives a good picture of the rate at which a company has grown its profitability. For best decision making investors should look at 360 Finance, Inc. (NASDAQ:QFIN)’s EPS growth for next year stands at 39.29%.