Recent share price fluctuation: LexinFintech Holdings Ltd. (NASDAQ: LX)

On Monday , LexinFintech Holdings Ltd. (NASDAQ: LX) shares price traded between $11.60 and $11.99 during the last trading session above with 3.10% at $11.97. The shares recorded trading volume 636.94K shares as compared to its average volume of 1.02M shares. The company has 161.81M shares outstanding and market value of 1.94B. Over the one year trading period, the stock has a peak price of $14.66 and its down is recorded at $6.48. The short ratio in the stock is 0.98 and the short float is around of 1.73%.

LexinFintech Holdings Ltd. (NASDAQ: LX), a leading online consumer finance platform for educated young adults in China, recently reported its unaudited financial results for the quarter ended June 30, 2019.

Second Quarter 2019 Operational Highlights:

  • Total outstanding principal balance of loans1 reached RMB40.6B as of June 30, 2019, representing a raise of 64.5% from RMB24.7B as of June 30, 2018.
  • Total loan originations1 in the second quarter of 2019 reached RMB26.0B, a raise of 57.0% from RMB16.6B in the second quarter of 2018.
  • The GMV2 of our e-commerce channel amounted to RMB1.9B, representing a raise of 24.1% from RMB1.5B in the second quarter of 2018.
  • The weighted average tenor of loans originated on our platform in the second quarter of 2019 was about 12.8 months. The weighted average APR3 was 25.3% for the second quarter of 2019.
  • Total number of registered users reached 50.2M as of June 30, 2019, representing a raise of 71.7% from 29.2M as of June 30, 2018; and users with credit line reached 13.5M as of June 30, 2019, up by 50.7% from 8.9M as of June 30, 2018.
  • Number of active users4 who used our loan products in the second quarter of 2019 reached 4.1M, contrast to 2.7M in the second quarter of 2018. Number of new active users who used our loan products in the second quarter of 2019 was 1.3M.

Second Quarter 2019 Financial Highlights:

  • Total operating revenue reached RMB2.5B. Financial services income reached RMB1.5B, representing a raise of 8.1% from the second quarter of 2018. Loan facilitation and servicing fees in financial services income reached RMB1.2B, representing a raise of 148% from the second quarter of 2018.
  • Gross profit reached RMB1.1B, representing a raise of 26.6% from the second quarter of 2018.
  • Net income was RMB628M, representing a decrease of 5.4% from the second quarter of 2018.
  • Non-GAAP EBIT6 was RMB776M, representing a raise of 28.8% from the second quarter of 2018.
  • Adjusted net income6 was RMB671M, representing a decrease of 4.3% from the second quarter of 2018. Adjusted net income per ADS6 was RMB3.69 on a fully diluted basis.

The average true range of LexinFintech Holdings Ltd.’s (LX) is recorded at 0.44 and the relative strength index of the stock stands 69.14. The stock price is going above to its 52 week low with 84.72% and lagging behind from its 52 week high with -18.35%. Analyst recommendation for this stock stands at 1.90. A look on the firm performance, its monthly performance is 35.71% and a quarterly performance of 17.58%. The stock price is trading upbeat from its 200 days moving average with 6.68% and up from 50 days moving average with 13.97%.

Clint Lewis

Clint Lewis –Business I am Clint Lewis I have finished my four-year college education in English writing and I hold a master’s degree in Business from Stanford University. Writing about business and finance is in great interest. I have great command overwriting due to my five-year experience which incorporates articles, web substances, and web journals. I generally love to play with work, in both my profession and education.  I additionally had teaching experience of 2 years at the eminent college to show business and specialized composition and presently, I am working as an educator and preparing writer and creator. I am unimaginably social, and I love to travel and investigate the world.

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