Qifu Technology, Inc. (QFIN) shares rallied 7.5% in the last trading session to close at $33.16. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 20.6% gain over the past four weeks.The stock is benefiting from significant improvements in the company’s asset quality and profitability. Business model upgradation, improvement in user engagement via differentiated strategies, and strengthened synergies between te ...

Shares of Qifu Technology Inc (QFIN, Financial) surged 3.84% in mid-day trading on Oct 2. The stock reached an intraday high of $32.90, before settling at $32.05, up from its previous close of $30.86. This places QFIN 2.60% below its 52-week high of $32.90 and 134.25% above its 52-week low of $13.68. Trading volume was 1,522,876 shares, 83.7% of the average daily volume of 1,819,685.Wall Street Analysts ForecastBased on the one-year price targets offered by 13 analysts, the average target price for Qifu Tec ...

SHANGHAI, China, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today issues the following preliminary responses to the key claims made in a report (the “Report”) by Grizzly Research, a short seller, on September 26, 2024. The Company believes that the Report is without merit and contains inaccurate information, flawed analyses, misleading conclusions and interpretations regarding information ...

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Qifu Technology, Inc. (QFIN) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.Qifu Technology, Inc. is one of 317 companies in the Business Services group. The Business Services group currently sits at #7 within the Zacks Sector Rank. The Zacks Secto ...

Investors interested in Technology Services stocks are likely familiar with Qifu Technology, Inc. (QFIN) and Vontier Corporation (VNT) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision tre ...

Qifu Technology, Inc. (QFIN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, QFIN broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals ...

Investors interested in Technology Services stocks are likely familiar with Qifu Technology, Inc. (QFIN) and Climb Global Solutions (CLMB) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, wh ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Qifu Technology, Inc. (QFIN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a ...

The business services sector is starting to stand out among the Zacks Rank #1 (Strong Buy) list with 19 stocks in the space receiving strong buy ratings.Several of these highly ranked business services sector stocks hail from the Zacks Technology Services Industry which is in the top 30% of approximately 250 Zacks industries. Furthermore, now appears to be an ideal time to invest in two of these technology services companies after launching IPOs in recent years.Sofi Technologies (SOFI) Trading under $10, So ...