LexinFintech Holdings Ltd., together with its subsidiaries, offers online direct sales and online consumer finance services in the People’s Republic of China. T...
LexinFintech (LX) experienced a single-day decline during regular trading, reaching $1.920 as of 11:25 ET, down 4.95% from the previous close of $2.020, with an intraday low of $1.911, erasing a pre-market gain of 0.99%. The primary pressure came from a sharp earnings decline in Q1: EPS fell 47.46% YoY to $0.1736, net profit dropped 50.81% YoY to $29.14 million, and operating income plunged 82.79% YoY, despite revenue still growing 12.02% YoY to $478.72 million. Net profit margin narrowed to 6.09% from 7.04% in Q4. The stock is now 75.95% below its 52-week high of $7.985, with a YTD decline of 40.74%, and remains below both MA20 ($2.038) and MA60 ($2.119), though it trades at a PB of only 0.18x and a PE of 1.54x, with a slight post-market recovery to $2.040.
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