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 $6.73, down 3.79% from the previous day, and has increased 307.58% in one year. It has overperformed other stocks in the Credit Services industry by 3.01 percentage points. Lexinfintech Holdings stock is currently +328.34% from its 52-week low of $1.57, and -42.2% from its 52-week high of $11.64.
At the moment, there are 336.53M shares of LX outstanding. The market value of LX is $1.13B. In the last 24 hours, 4.66M LX shares were traded.
How to Buy Lexinfintech Holdings Stock
Wondering how to invest in Lexinfintech Holdings stock? Here's how.
- Figure out where to buy Lexinfintech Holdings stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Lexinfintech Holdings stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your method of payment and add your details.
- 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 market analysis website can help you decide if LX is a good stock to buy).
- Execute your LX purchase: Decide if you will purchase LX shares at the current market price or use a limit order to purchase LX shares at a particular price.
- Get the latest news on your investment in LX: Create a watchlist to get live updates on your position 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 stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal information so you can buy LX today.
How to Start a New 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.
- Enter your personal info to open a new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've filled out your info on the best beginner stock app, you need to deposit funds:
Watch the tutorial below if you need help transferring money into your investment account.
Step 4: Research Lexinfintech Holdings stock
Once you have figured out the best place to buy Lexinfintech Holdings stock, it's critical to analyze their stock prior to buying, so you can comprehend the risk as well as the opportunity.
Lexinfintech Holdings quick stats
Lexinfintech Holdings Fundamentals
WallStreetZen was created to help average investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on LX's stock page.
Is LX stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge LX's true value.
Using relative valuations metrics:
- LX could be undervalued based on its P/E ratio of 7.41x, relative to Credit Services industry P/E ratio of 27.8x
- LX could be undervalued based on its P/B ratio of 0.77x, relative to Credit Services industry P/B ratio of 5.03x
You can do more valuation research on LX's stock here.
A quick look at LX Financials
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the LX balance sheet.
- LX's operating cash flow of $147.94M allows it to safely service it's debt of $715.11M.
- LX earnings of $186.42M is not sufficient to cover its interest payments.
- Total LX debt is lower than 5 years ago, relative to shareholder equity.
- 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 8.2% to 7.7% in the past year.
- LX has a relatively high debt to equity ratio of 1.07.
Metrics for Advanced LX Traders
How is LX performing as a company?
Last year, LX earnings were $150.54M. Over the past 5 year, LX's earnings have grown by -13.16% per year. This was slower than the Credit Services industry average of 12.48%.
Last year, LX revenue was $1.94B. During the past five year, LX's revenue has grown by 5.13% per year. This was slower than the Credit Services industry average of 9.71%.
You can analyze LX's earnings and revenue performance here.
Who is buying/selling LX?
Over the last year, insiders at LX have not bought or sold any shares.
Dig into more about who owns LX shares here.
Does LX provide a stable income stream?
Lexinfintech Holdings pays a dividend of 2.71%, compared to the Credit Services industry's average dividend yield of 3.99%. If you owned $1,000 of LX stock, you would have received $27.06 in the past year.
Find more analysis about Lexinfintech Holdings dividend yield and history here.
LX Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your LX purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price limit, use a limit order.
Press the Open Trade button and eToro will execute your order.
If you want more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your investment in LX
Now that you own some shares in LX, you'll want to keep up with your new stock purchase.
Create a watchlist to see the latest developments about your LX stock.
LX Feed
How to Buy Stock in Lexinfintech Holdings
To summarize, here are the 6 steps to buy stock in Lexinfintech Holdings:
- Figure out where to buy Lexinfintech Holdings stock
- Sign up for your brokerage account
- Deposit money your investment account
- Research Lexinfintech Holdings stock
- Execute your LX purchase
- Get the latest news on your investment in LX
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your new investment in Lexinfintech Holdings, click the button below.
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