In yesterday’s Wall Street session, FinVolution Group (NYSE:FINV) shares traded at $5.70, up 3.83% from the previous session.
As of this writing, 8 analysts cover FinVolution Group (NYSE:FINV). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $48.10 and a low of $32.90, we find $42.97. Given the previous closing price of $5.49, this indicates a potential upside of 682.7 percent. FINV stock price is now 25.73% away from the 50-day moving average and 22.31% away from the 200-day moving average. The market capitalization of the company currently stands at $1.58B.
There are 1 analysts who have given it a hold rating, whereas 7 have given it a buy rating. Brokers who have rated the stock have averaged $42.52 as their price target over the next twelve months.
With the price target of $6.70, Daiwa Securities recently initiated with Buy rating for FinVolution Group (NYSE: FINV).
A total of 21.59% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FINV stock. A new stake in FinVolution Group shares was purchased by PRUDENTIAL PLC during the first quarter worth $1,423,000. COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS invested $409,000 in shares of FINV during the first quarter. In the first quarter, NEW YORK STATE COMMON RETIREMENT FUND acquired a new stake in FinVolution Group valued at approximately $242,000. RUSSELL INVESTMENTS GROUP, LTD. acquired a new stake in FINV for approximately $196,000. CAMPBELL & CO INVESTMENT ADVISER LLC purchased a new stake in FINV valued at around $193,000 in the second quarter. In total, there are 126 active investors with 40.20% ownership of the company’s stock.
Wednesday morning saw FinVolution Group (NYSE: FINV) opened at $5.59. During the past 12 months, FinVolution Group has had a low of $3.55 and a high of $5.92. According to the stock market information, the enterprise value for the company is $535.53M, which is based on a 4.87 price-to-earnings ratio, a 2.75 price-to-earnings-growth ratio, and a beta of 0.69. The fifty day moving average price for FINV is $4.57 and a two-hundred day moving average price translates $4.66 for the stock.
The latest earnings results from FinVolution Group (NYSE: FINV) was released for Mar, 2023. The net profit margin was 20.70% and return on equity was 20.10% for FINV. The company reported revenue of $444.21 million for the quarter, compared to $385.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.09 percent.
Moreover, the firm recently paid out its quarterly dividend on 05/05/2023. Investors who held shares on 04/13/2023 were paid a $0.215 dividend. On an annualized basis, this represents a $0.21 dividend and a 3.77% percent yield. There was an ex-dividend date of 04/12/2023 for this dividend.
