360 Digitech (QFIN) is another of those companies putting up terrific numbers but not getting much interest yet from big investors. Still, On Thursday the Relative Strength (RS) Rating for 360 Digitech stock rose 10 points, from 63 to 73.
The 73 RS Rating shows that China-based 360 Digitech has outperformed 73% of all stocks over the past year. The company offers a data-driven platform to help financial companies target products to consumers. Like other Chinese companies, it was going great guns but has been thrown into upheaval amid a crackdown by the Chinese government on various sectors including gambling and social media.
360 Digitech Stock Holds Strong Composite Rating
Still, 360 Digitech stock boasts an 81 IBD Composite Rating, putting it in the top 19% of all stocks on key fundamental and technical metrics. It rates even higher on profit growth, with a near perfect 98 EPS Rating, on a 1-99 scale.
Regarding fundamentals, earnings grew 76% last quarter to $1.55 per share. The prior three quarters it reported year-over-year EPS growth of 73%, 151% and a whopping 458% before returning to “only” 76% last quarter. Revenue grew 31% last quarter to $619.7 million, improved from 22% growth the previous quarter.
360 Digitech earns the No. 13 rank among its peers in the Financial Services-Specialty industry group. Donnelley Financial Solutions (DFIN) and FinTech Acquisition II (IMXI) are among the group’s highest-rated stocks.
Now is not an ideal time to jump into 360 Digitech stock since it isn’t near a proper buy zone, but see if the stock is able to form a base and break out.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor’s Business Daily measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.
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