How to Buy Qifu Technology Stock
Qifu Technology Inc
360 DigiTech, Inc. , through its subsidiaries, operates financial technology platform under the 360 Jietiao brand in the People's Republic of China.
Qifu Technology stock last closed at $18.87, up 0.75% from the previous day, and has increased 16.19% in one year. It has underperformed other stocks in the Credit Services industry by 0.03 percentage points. Qifu Technology stock is currently +43.83% from its 52-week low of $13.12, and -8.46% from its 52-week high of $20.62.
At the moment, there are 316.33M QFIN shares outstanding. The market capitalization of QFIN is $2.98B. In the past 24 hours, 1.19M QFIN shares were traded.
How to Buy Qifu Technology Stock
Not sure how to invest in Qifu Technology stock? Here's how.
- Figure out where to buy Qifu Technology stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you choose where to buy Qifu Technology stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Pick your payment method and add your details.
- Research Qifu Technology stock: The Qifu Technology ticker symbol is QFIN. Is Qifu Technology stock a good investment? Should you buy shares of QFIN? How do QFIN's underlying business fundamentals look? Do top analysts think Qifu Technology is a good buy? Why has QFIN's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if QFIN is a good stock to buy).
- Make your QFIN buy order: Decide if you will purchase QFIN shares at the current market price or use a limit order to buy QFIN shares at a given price.
- Watch your QFIN position: Create a watchlist to track your new investment in Qifu Technology shares.
Step 1: Figure out where to buy Qifu Technology stock
You will need an online brokerage account in order to access the NASDAQ market and buy QFIN stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, you need to fill out some personal info so you can buy QFIN today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open your new trading account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've filled out your info on investing apps, you can securely and quickly fund your account:
Check out the video below to see the process of transferring funds into your new investment account.
Step 4: Research Qifu Technology stock
After you have figured out the best place to buy Qifu Technology stock, it's important to research their stock before you buy, so you truly understand the risk and upside.
Qifu Technology Numbers
QFIN Due Diligence Checks
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on QFIN's stock page.
How is QFIN stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge QFIN's true value.
Using relative valuations measures:
- QFIN could be undervalued based on its P/E ratio of 5.08x, relative to Credit Services industry P/E ratio of 28.19x
- QFIN may be undervalued based on its P/B ratio of 0.98x, relative to Credit Services industry P/B ratio of 4.95x
- QFIN may be undervalued based on its PEG ratio of 0.12x
You can access more valuation analysis on QFIN's stock here.
QFIN Financial Overview
Positive Health Checks:
- QFIN earnings of $735.31M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the QFIN balance sheet.
- QFIN's operating cash flow of $988.66M allows it to safely service it's debt of $110.91M.
- QFIN profit margin has gone up from 24.3% to 26.3% in the past year.
- There are more short-term assets than long-term liabilities on the QFIN balance sheet.
Negative Health Checks:
- Total QFIN debt is higher than 5 years ago, relative to shareholder equity.
- QFIN has a relatively high debt to equity ratio of 1.09.
Is it a good time to buy Qifu Technology stock, according to Wall Street analysts?
Out of 1 sell side analysts who give forecasts on QFIN, the consensus analyst rating on QFIN is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Qifu Technology stock forecast page.
QFIN Trading Indicators
Is QFIN Growing Revenue?
Last year, QFIN earnings were $595.19M. During the past 4 year, QFIN's earnings have increased by 11.1% per year. This was slower than the Credit Services industry average of 12.07%.
Last year, QFIN revenue was $2.26B. During the past five year, QFIN's revenue has gone up by 28.98% per year. This was faster than the Credit Services industry average of 9.64%.
Dig into QFIN's earnings and revenue performance here.
Who is buying/selling QFIN?
Over the last year, insiders at QFIN have not bought or sold any shares.
Research more about who owns QFIN stock here.
Can I rely on QFIN as an income stream?
Qifu Technology pays a dividend of 5.72%, compared to the Credit Services industry's average dividend yield of 4%. If you owned $1,000 worth of QFIN stock, you would have received $57.23 in the past 12 months.
Find more data about Qifu Technology dividend yield and history here.
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Step 5: Make your QFIN buy order
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you need more help investing in stocks on eToro, click the how to video below:
Step 6: Watch your QFIN position
Now that you own some QFIN shares, you'll want to keep up with your new stock purchase.
Create a watchlist to track the most important metrics related to your QFIN stock.
QFIN Feed
How to Buy Stock in Qifu Technology
To reiterate, here are the 6 steps to buy Qifu Technology stock:
- Figure out where to buy Qifu Technology stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Research Qifu Technology stock
- Make your QFIN buy order
- Watch your QFIN position
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your new investment in Qifu Technology, create your watchlist below.
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