(QFIN) 360 Finance - Ratings and Ratios

Qifu Technology, Inc., operating under the Qifu Jietiao brand, leverages AI-empowered credit-tech to facilitate credit-driven services in China, connecting borrowers with financial institutions and providing essential services like credit assessment and fund matching. The companys platform serves a diverse client base, including financial institutions, consumers, and small to micro-enterprises, offering a range of technology solutions and referral services.

With its roots dating back to 2016 and headquartered in Shanghai, Qifu Technology has evolved significantly, rebranding from 360 DigiTech, Inc. in March 2023. This transformation underscores the companys commitment to innovation and its focus on the rapidly expanding consumer finance sector in China.

Analyzing the stocks technical landscape, QFIN is currently priced at $42.30, slightly below its 20-day Simple Moving Average (SMA) of $43.06, indicating a potential short-term downward trend. However, it remains above its 50-day SMA of $41.24 and significantly above its 200-day SMA of $36.30, suggesting a longer-term uptrend. The stock is also near a key resistance level at $42.8, and a break above this could signal further growth.

From a fundamental perspective, QFINs market capitalization stands at approximately $5.75 billion USD, with a Price-to-Earnings (P/E) ratio of 6.35 and a forward P/E of 3.27, indicating potential undervaluation. The companys Return on Equity (RoE) is a robust 22.25%, highlighting its operational efficiency and profitability.

Forecasting QFINs trajectory, we can anticipate that if the stock breaks through the $42.8 resistance level, it may continue its upward momentum, potentially targeting the 52-week high of $47.23. Conversely, failure to breach this resistance could lead to a retracement towards the support levels at $40.8, $37.7, or lower. Given the current technical and fundamental data, a cautious bullish outlook seems plausible, supported by the companys strong RoE and the overall growth in the consumer finance sector in China. However, investors should closely monitor the stocks price action relative to its support and resistance levels.