360 DigiTech - QFIN Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 360 DigiTech in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" QFIN shares.
View QFIN analyst ratings or view top-rated stocks.

3 brokerages have issued 12-month price targets for 360 DigiTech's stock. Their QFIN share price forecasts range from $20.80 to $25.39. On average, they anticipate the company's stock price to reach $23.10 in the next year. This suggests a possible upside of 45.3% from the stock's current price.
View analysts price targets for QFIN or view top-rated stocks among Wall Street analysts.

360 DigiTech's stock was trading at $22.93 at the start of the year. Since then, QFIN stock has decreased by 30.7% and is now trading at $15.90.
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360 DigiTech saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,880,000 shares, an increase of 26.9% from the October 31st total of 2,270,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.5% of the company's shares are sold short.
View 360 DigiTech's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023.
View our QFIN earnings forecast.

360 DigiTech, Inc. (NASDAQ:QFIN) released its quarterly earnings data on Sunday, November, 13th. The company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.92 by $0.06. The firm earned $582.57 million during the quarter, compared to the consensus estimate of $643.15 million. 360 DigiTech had a net margin of 26.31% and a trailing twelve-month return on equity of 27.15%.

360 DigiTech declared a quarterly dividend on Tuesday, November 15th. Stockholders of record on Monday, December 12th will be given a dividend of $0.16 per share on Wednesday, January 18th. This represents a $0.64 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, December 9th.
Read our dividend analysis for QFIN.

360 DigiTech (NASDAQ:QFIN) pays an annual dividend of $0.68 per share and currently has a dividend yield of 4.33%. QFIN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 16.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QFIN will have a dividend payout ratio of 14.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for QFIN.

Based on aggregate information from My MarketBeat watchlists, some companies that other 360 DigiTech investors own include Bank of America (BAC), Gilead Sciences (GILD), Enterprise Products Partners (EPD), Energy Transfer (ET), AbbVie (ABBV), Citigroup (C), DocuSign (DOCU), International Business Machines (IBM), Intel (INTC) and Johnson & Johnson (JNJ).

(QFIN) raised $54 million in an initial public offering (IPO) on Friday, December 14th 2018. The company issued 3,100,000 shares at a price of $16.50-$18.50 per share. Citigroup, Haitong International, AMTD and Lighthouse Capital served as the underwriters for the IPO and China Securities International, TF International, HeungKong Financial and North Beta Capital were co-managers.

360 DigiTech trades on the NASDAQ under the ticker symbol "QFIN."

360 DigiTech's stock is owned by a number of retail and institutional investors. Top institutional investors include TT International Asset Management LTD (7.00%), Vanguard Group Inc. (3.26%), BlackRock Inc. (2.73%), Yunqi Capital Ltd (2.72%), Krane Funds Advisors LLC (2.10%) and Tiger Pacific Capital LP (1.38%).

Shares of QFIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of QFIN stock can currently be purchased for approximately $15.90.

360 DigiTech (NASDAQ:QFIN) has a market capitalization of $2.42 billion and generates $2.61 billion in revenue each year. The company earns $907.28 million in net income (profit) each year or $4.24 on an earnings per share basis.

The company employs 2,129 workers across the globe.

360 DigiTech's mailing address is 7/F Lujiazui Finance Plaza No. 1217 Dongfang Road Pudong New Area, Shanghai F4, 200122. The official website for the company is www.360jie.com.cn. The company can be reached via phone at 862161516360.