FINV Sees Significant Stock Price Increase by 5.02%

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Oct 02, 2024

FINV.us (信也科技) experienced a notable stock price surge, rising by 5.02%. The stock is currently trading at $6.69 per share with a trading volume of 1.07369 million shares, reflecting a turnover rate of 0.41% and an amplitude of 3.06%.

Recent financial reports revealed that the company achieved a revenue of $437 million, a net profit of $76.10 million, and earnings per share (EPS) of $0.29. The price-to-earnings (P/E) ratio stands at 6.03. Among the nine institutions rating the stock, 89% recommend buying, and 11% suggest holding, with no sell recommendations.

In the credit services sector, where FINV operates, the overall decline was 0.15%. Significant gainers in the sector included Lufax Holding (陆金所控股), Yiren Digital (宜人智科), and Qifu Technology (奇富科技). Active stocks by turnover included LexinFintech Holdings (乐信) at 17.02%, Upstart Holdings, Inc. (UPST) at 3.93%, and 3-Tenths Tech (叁腾科技) at 2.74%. Stocks with notable amplitude included LexinFintech Holdings (46.09%), Yiren Digital (27.40%), and Xiaoying Technology (小赢科技) at 26.51%.

Credited as a leading online consumer finance provider in China, FINV offers a diverse range of loan products and services. The company designs loan transaction processes and provides risk-based pricing. It generates revenue primarily from fees charged to borrowers. The company's long-term assets and revenue are predominantly based in China.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.