NASDAQ:LX - LexinFintech Stock Price, Forecast & News

LexinFintech's stock was trading at $9.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LX stock has decreased by 11.6% and is now trading at $8.57. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LexinFintech in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for LexinFintech.

LexinFintech is scheduled to release its next quarterly earnings announcement on Friday, May 15th 2020. View our earnings forecast for LexinFintech.

LexinFintech Holdings Ltd - (NASDAQ:LX) posted its quarterly earnings data on Tuesday, March, 24th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $0.56 by $2.31. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.06 billion. LexinFintech had a net margin of 22.77% and a return on equity of 43.48%. The business's quarterly revenue was up 50.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.02 EPS. View LexinFintech's earnings history.

6 Wall Street analysts have issued 12 month target prices for LexinFintech's shares. Their forecasts range from $12.00 to $22.00. On average, they anticipate LexinFintech's stock price to reach $15.42 in the next twelve months. This suggests a possible upside of 79.9% from the stock's current price. View analysts' price targets for LexinFintech.

Media headlines about LX stock have trended somewhat positive on Tuesday, according to InfoTrie. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. LexinFintech earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutLexinFintech.

LexinFintech saw a increase in short interest in March. As of March 13th, there was short interest totaling 3,628,900 shares, an increase of 17.4% from the February 27th total of 3,090,000 shares. Based on an average trading volume of 1,779,300 shares, the days-to-cover ratio is presently 2.0 days. Approximately 3.5% of the shares of the stock are sold short. View LexinFintech's Current Options Chain.

Some companies that are related to LexinFintech include SBI (SBHGF), Green Dot (GDOT), Walker & Dunlop (WD), 360 Finance (QFIN), Mr. Cooper Group (COOP), Qudian (QD), Blucora (BCOR), Yirendai (YRD), America First Multifamily Investors (ATAX), Oportun Financial (OPRT), CNFinance (CNF), Curo Group (CURO), Wins Finance (WINS), X Financial (XYF) and Jiayin Group (JFIN).

Based on aggregate information from My MarketBeat watchlists, some companies that other LexinFintech investors own include Marvell Technology Group (MRVL), Alibaba Group (BABA), Canopy Growth (CGC), NeoGenomics (NEO), NVIDIA (NVDA), Charlotte's Web (CWBHF), Hon Hai Precision Industry (HNHPF), Paypal (PYPL), Nokia Oyj (NOK) and Baidu (BIDU).

(LX) raised $120 million in an initial public offering (IPO) on Thursday, December 21st 2017. The company issued 12,000,000 shares at $9.00-$11.00 per share. Goldman Sachs (Asia), BofA Merrill Lynch, Deutsche Bank Securities and China Renaissance acted as the underwriters for the IPO and ICBC International was co-manager.

LexinFintech trades on the NASDAQ under the ticker symbol "LX."

Shares of LX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LX stock can currently be purchased for approximately $8.57.

LexinFintech has a market capitalization of $1.51 billion and generates $1.52 billion in revenue each year. The company earns $329.59 million in net income (profit) each year or $1.76 on an earnings per share basis. LexinFintech employs 2,365 workers across the globe. View additional information about LexinFintech.

The official website for LexinFintech is http://ir.lexinfintech.com/.

LexinFintech's mailing address is 27/F CES TOWER 3099 KE YUAN SOUTH ROAD NANSHAN DISTRICT, SHENZHEN F4, 518052. The company can be reached via phone at 86-755-3637-8888 or via email at [email protected]