CLSA Lufax Holding Ltd [LU] Price estimation. Who else is faster?

Lufax Holding Limited [NYSE: LU] Traded low on 11/18/22, registering a loss of -6.93 before closing the day at $1.88. The company reported on November 18, 2022 that Lufax will announce third quarter 2022 financial results on November 23, 2022.

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Lufax Holding Limited (“Lufax” or the “Company”) (NYSE: LU), a leading technology-enabled personal financial services platform in China, today announced that it will report financial results for the third quarter of 2022 after the market close on Wednesday. planning to release. , November 23, 2022 US Eastern Time.

The company’s management will hold an earnings conference call at 8:00 p.m. Eastern Time on Wednesday, November 23, 2022 (Thursday, November 24, 2022 at 9:00 a.m. Beijing time) to discuss financial results. For participants who wish to join the call, please complete online registration using the link below prior to the conference call. Upon registration, each participant will receive a participant dial-in number, Direct Event Passcode, and a unique access PIN, which can be used to join the conference call.

The results of the trading session contributed to more than 20128095 shares changing hands. In the past one week, the price volatility of Lufax Holding Ltd. is 14.39%, while the volatility in the past one month is 13.20%.

The market cap for LU stock reached $4.62 billion, with 2.29 billion shares outstanding and 2.28 billion shares in the current float. Compared to the average trading volume of 11.15M shares, LU reached a trading volume of 20128095 shares in the most recent trading day, which is why market watchdogs consider the stock active.

What are the top market gurus saying about Lufax Holding Limited? [LU],

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on a target price for LU shares is $5.89 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on LU stock is a recommendation at 1.80. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

CLSA has set an outlook for the shares of Lufax Holding Ltd., keeping its view on the stock as Buy, in line with its previous recommendation on November 15, 2022. The new note on the price target was issued on September 29, 2022 representing the official price. The target for Lufax Holding Ltd stock. Analysts reduced their price target for LU shares from $8 to $6.80 on May 27, 2022.

The Average True Range (ATR) for Lufax Holding Ltd. is set at 0.23, The Price to Sales ratio for LU stock over the trailing 12 months period is 0.51. The Price to Book ratio for the previous quarter was 0.32, the Price to Cash per share for the same quarter was set at 2.44.

How has LU stock performed recently?

Lufax Holding Limited [LU] Reached the green zone at the end of last week, in a positive trend and with a gain of 2.73. With this latest performance, LU shares are up 8.67% over the past four-week period, as well as down -68.61% over the last 6 months — not to mention down -72.59% over the past year of trading. Is.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for the LU stock for the past two-week period is set at 48.35, with the RSI for the last one trading hit at 51.50, and the three-week RSI for Lufax Holding Ltd. is set at 44.52. [LU], The current moving average for the last 50 days of trading of this stock is 2.2962, while it was recorded at 2.0200 for the last one week of trading and 4.6368 for the last 200 days.

Lufax Holding Limited [LU]: Deep Insight into the Fundamentals

Operating margin for any stock indicates how profitable it will be to invest, and Lufax Holding Ltd [LU] The shares currently have an Operating Margin of +34.57 and Gross Margin at +77.64. The Net Margin of Lufax Holding Ltd. is currently recorded at +23.52.

The Return on Equity for this stock is tilted at 19.25, with the Return on Assets sitting at 5.51.

Earnings Analysis for Lufax Holding Ltd. [LU]

The company’s progress can be seen through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting 5-year EPS growth rate for LU. When it comes to mentioned price, analysts are expecting a 5 Year EPS growth rate of 0.10% for Lufax Holding Ltd.

Insider trading position for Lufax Holding Ltd. [LU]

Institutional investors currently hold approximately $663 million, or 16.60% of LU stock, in their hands. The top three institutional holders of LU stock are: BLACKROCK INC with ownership of 37,492,958, which accounts for approximately -9.285% of the company’s market cap and approximately 0.57% of total institutional ownership; KRANE FUNDS ADVISORS LLC holds 28,803,196 shares of stock in LU stock shares with an estimated value of $54.15 million; and Vanguard Group Inc., with $50.22M in LU stock currently owning approximately 1.093% of the company’s market capitalization.

76 institutional holders increased their positions in Lufax Holding Ltd. [NYSE:LU] By approximately 38,796,062 shares. Additionally, 90 investors reduced positions by approximately 47,961,335 shares, while 15 investors maintained positions by holding 265,758,505 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 352,515,902 shares. LU stock had 24 new institutional investments for a total of 5,483,869 shares, while 27 institutional investors sold 5,316,472 shares during the same period.

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