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LexinFintech Holdings Ltd. (LX)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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Gam buys 750k shares of lx. Maybe prices will start shifting.
LX announceS secondary listing in Hong Kong Which means a larger pool of investors
Take heart folks. Unlike many other overvalued tech stocks that hasn’t even squeezed out a profit yet, LX has been consistently profitable even despite Covid headwinds. That’s why I sleep easy at night (I’m in Asian hours).
They are actually quite prevalent in China and have been busy marketing their BNPL services. Should follow their Twitter if you can.
I started to average in on this stock when it was last at $13 all the way down to $6+. Will likely collect more at $8.
Amidst all the volatility, let the fundamentals be your anchor.
LX is breaking ground for an official headquarter early in 2021. Possible reason for a second listing to raise capital for the building. Also institutional investment up and OceanLink buying more shares.
Why is this stock so cheap? Is it because of Chinese regulators cracking on fintech? Some short seller accusations? What's going on?
Well, can I say 😏 I can not get a break. Have read article after article to try and find a red flag that would make me sell besides MW. I am hopeful and believe that this company based on tangible functioning product and services will dig its self out. I'll hold till I lose or win f' it
This comp has been profitable despite all the problems with US and China and the Virus holding 7K at $9.77 had limit order of 5K at $8.
I got 20 more leap calls, thanks for the market;)
Bought 10 more contracts at a dollar, bring it on MM
Zacks strong sell? why didn't they give strong sell at $15+ ? jeeez.
Holding. Lx has good future.
I would barely worry here really. I mean what people looking for is a company making money, her we have the case. so I all fine. just take it easy ans relax
We performed strongly in the last quarter of 2020 and we are currently seeing strong positive growth trends for 2021. As a result, we are raising our full year loan origination guidance for 2021, as we now expect total loan originations for 2021 to be between RMB240 and RMB250 billion,” said Mr. Craig Yan Zeng, Lexin’s chief financial officer
If we go enough up today to break a good way over the technically important 50 day moving average of 10,36 a share and close a good distance above that then we will most likely surge more by the help of technical traders...
I will start buying more now to make sure the shorts does not sell to close below this level...
Any buying from your side out there will help and will be very well appreciated...
Anyone know why LX trades at a premium multiple to peers? LX trades at PE of 20x while QFIN,FINV, & QD at PE of 5-10x. After benchmarking each, QFIN appears to have leading market share along with best numbers.
LX does is not complying with SEC financial reporting rules. Until it does this stock will get beaten down on any rumors true or false. Good luck, it goes back into the $6 range I'll jump back in.
CICC starts coverage with Outperform rating, this is was the dip
Have a look at the valuation of a similar company in the loan facilitation space (UPST - Upstart Holdings) and based on revenue and earnings and it is clear that LX has a lot more headroom for growth (ie 3-4 times the current stock price)!
As I’ve highlighted in my earlier post a couple of months back, 4Q20 results won’t look pretty.
I am not worried and I am still holding on to my shares. Here’s why.
4Q20 net income: US$78.1m
FY21 net income: US$ 312.4m
(Assuming NO earnings growth and they make the same net income each quarter of FY21)
At an ADS price of US$12, that will be a P/E ratio of 7 times. Even at an ADS price of US$24, it will only be at a P/E of 14 times!!
Play the long game folks and stop worrying about the daily fluctuations.
do not panic. we will rise and shine
I wonder why there is no hype in this stock . It is profitable
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