LexinFintech Holdings Ltd. (LX): Where It’s Really At

The stock of LexinFintech Holdings Ltd. (NASDAQ:LX) has been Initiated to Equal-Weight by Morgan Stanley in its latest research note that was published on December 11. Goldman analysts bumped their recommendation on LX stock from Neutral to Buy in a separate flash note to investors on November 23. Analysts at Goldman downgraded the stock to a Neutral call from its previous Buy stance, in a research note that dated back to June 13.

LexinFintech Holdings Ltd., which has current market capitalization of above $2 Billion, published its last quarter earnings on June 30, 2019.

LX surged by $0.65 during the normal trading session on Thursday and reaching a high of $11.84 during the day while it closed the day at $11.79. The LexinFintech stock had a low trading volume of 1.49 million shares on that day, which is low compared to the average daily volume of 834.25M shares. LX has also gained 6.41% of its value over the past 7 days. However, the stock has surged by 4.61% in the 3 months of the year. Over the past six months meanwhile, it has gained 13.47% while it has added 62.62% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -3.99% from its 3 months high price. However, taking another look at LX will indicate that it is trading +22.68% away from its 90-day low. Looking at the bigger picture, the LexinFintech Holdings Ltd. stock has dropped by -19.58% from its 52-week high while it has surged by +81.94% from its 52-week low price.

LexinFintech has around 463 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $1 Trillion. The LexinFintech stock is bringing in revenue of over 12 months, which is roughly 203 Billion. Despite all that, LexinFintech Holdings Ltd. is seeing things progressing very much as their y-o-y quarterly revenue surged by 15.40%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 85.16%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 97.57%. Over the past 20 days, LexinFintech’s Stochastic %K stood at 91.87% while its Stochastic %D was revealed to be 90.93%.