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How to Buy Lexinfintech Holdings Stock

Lexinfintech Holdings Ltd

LexinFintech Holdings Ltd. , through its subsidiaries, offers online consumer finance services in the People's Republic of China. The company operates Fenqile.

Lexinfintech Holdings stock last closed at $1.79, down 2.19% from the previous day, and has decreased 24.47% in one year. It has underperformed other stocks in the Credit Services industry by 0.53 percentage points. Lexinfintech Holdings stock is currently +10.49% from its 52-week low of $1.62, and -40.43% from its 52-week high of $3.01.

At the moment, there are 329.3M LX shares outstanding. The market cap of LX is $294.72M. In the past 24 hours, 808,813 LX shares were traded.

How to Buy Lexinfintech Holdings Stock

Wondering how to invest in Lexinfintech Holdings stock? Here's how.
  1. Figure out where to buy Lexinfintech Holdings stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Lexinfintech Holdings stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your investment account: Choose your method of payment and add your information.
  4. Research Lexinfintech Holdings stock: The Lexinfintech Holdings ticker symbol is LX. Is Lexinfintech Holdings stock a good investment? Should you buy shares of LX? How do LX's underlying business fundamentals look? Do top analysts think Lexinfintech Holdings is a good buy? Why has LX's stock price moved recently? (Hint: Our stock research website can help you evaluate if LX is a good stock to buy).
  5. Execute your LX purchase: Decide if you will purchase LX shares at the current market price or use a limit order to purchase LX stock at a particular price.
  6. Get the latest news on your investment in LX: Create a watchlist to key updates about your investment in Lexinfintech Holdings shares.

Step 1: Figure out where to buy Lexinfintech Holdings stock

You will need an online brokerage account in order to access the NASDAQ market and buy LX shares.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've chosen the right brokerage, you need to fill out some personal information so you can buy LX today.

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Step 3: Deposit money your investment account

Now that you've filled out your info on the highest rated app to buy and sell stocks, you need to deposit funds:

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Step 4: Research Lexinfintech Holdings stock

After you have identified the best place to buy Lexinfintech Holdings stock, it's very important to evaluate their stock before you buy, so you actually understand the risk as well as the opportunity.

Overview of key LX info

LX Price
$1.79
1w %
-16.36%
1y %
-24.47%
5y %
-83.38%
P/E
1.99x
P/B
0.22x
P/S
0.16x
PEG
N/A
Revenue
$1.81B
Earnings
$148.05M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$294.72M
Next Earnings
May 21, 2024
Next Dividend
May 24, 2024

Fundamentals of Lexinfintech Holdings

WallStreetZen was created to help average investors perform more accurate fundamental analysis in less time.

You can see all of the due diligence checks on LX's stock page.

Is LX stock properly valued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge LX's intrinsic value.

Using relative valuations measures:

  • LX could be undervalued based on its P/E ratio of 1.99x, relative to Credit Services industry P/E ratio of 29.39x
  • LX could be undervalued based on its P/B ratio of 0.22x, relative to Credit Services industry P/B ratio of 4.99x

You can access more valuation research on LX's stock here.

How do LX Financials look?

Passed Health Checks:

  • Total LX debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than long-term liabilities on the LX balance sheet.
  • There are more short-term assets than short-term liabilities on the LX balance sheet.

Failed Health Checks:

  • LX profit margin has gone down from 8.3% to 8.2% in the past year.
  • LX has a relatively high debt to equity ratio of 1.38.

Is it a good time to buy Lexinfintech Holdings stock, according to Wall Street analysts?

Out of 1 Wall Street analysts who track LX, the consensus analyst rating on Lexinfintech Holdings is a Hold

Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are saying on the Lexinfintech Holdings stock forecast page.

LX Trading Indicators

SMA10
1.92
SMA20
1.87
SMA50
1.84
SMA100
1.86
SMA200
2.09
MACD
0.01
MACD Signal
0.03
MACD Histogram
-0.01
RSI
45.44
Stochastic %K
17.5
Stochastic %D
27.13
StochRSI %K
6.05
StochRSI %D
16.39

LX Performance Metrics

Last year, LX earnings were $148.05M. During the past five year, LX's earnings have gone up by -11.6% per year. This was slower than the Credit Services industry average of 11.95%.

Last year, LX revenue was $1.81B. Over the past 5 year, LX's revenue has gone up by 10.87% per year. This was faster than the Credit Services industry average of 9.56%.

Dive into LX's earnings and revenue performance here.

What are LX executives and large shareholders up to?

In the last year, insiders at LX have not bought or sold any shares.

Dig into more about who owns LX shares here.

Can I get consistent income from LX stock?

Lexinfintech Holdings pays a dividend of 6.48%, compared to the Credit Services industry's average dividend yield of 3.94%. If you owned $1,000 worth of LX stock, you would have received $64.80 in the past year.

Find more analysis about Lexinfintech Holdings dividend yield and history here.

What others are saying about LX

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Step 5: Execute your LX purchase

You have two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price limit, use a limit order.

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Step 6: Get the latest news on your investment in LX

Now that you own some shares in LX, you'll want to stay up-to-date on your new investment.

Start a watchlist to keep track of your LX stock.

LX Feed

How to Buy Stock in Lexinfintech Holdings

To reiterate, here are the 6 steps to buy stock in Lexinfintech Holdings:

  1. Figure out where to buy Lexinfintech Holdings stock
  2. Sign up for your brokerage account
  3. Deposit money your investment account
  4. Research Lexinfintech Holdings stock
  5. Execute your LX purchase
  6. Get the latest news on your investment in LX

If you are looking for a place to buy stocks, eToro is our recommended venue.

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If you would like to watch your investment in Lexinfintech Holdings, hit the button below to create your watchlist.

NASDAQ: LX
$1.79-0.04 (-2.19%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: LX
$1.79-0.04 (-2.19%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Lexinfintech Holdings share?

As of Mar 27, 2024, it costs $1.79 to buy one share of Lexinfintech Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.9, you can buy 0.5 shares of LX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Lexinfintech Holdings stock?

According to 1 Wall Street analysts who monitor Lexinfintech Holdings, their consensus recommendation is to hold Lexinfintech Holdings stock.

What is the best way to buy Lexinfintech Holdings stock?

One way to place an order for Lexinfintech Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.