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Saturday, September 26, 2020

Leju Holdings Limited (NYSE:LEJU) Stock is Soaring, Here is Why

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The Leju Holdings Limited (LEJU) shares are trading at higher $3.98. while the current analyst price target stands at $3.00.

To add more color to this target, the company’s high over the last year is $4.81 and the low is $1.03. Over the last 52 weeks, LEJU is down -17.26% while the S&P 500 is up 0.79%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LEJU reported a profit of $9.05 million. Leju Holdings Limited also saw revenues increase to $226.81 million. In addition, LEJU has free cash flow of $11.73 million as of 12-2019. The company’s EBITDA came in at $9.05 million which compares well with its peers.

LEJU booked profit margins of 1.70%, its Return on Equity (ROE) is 4.70%, and its Return on Assets is 2.30%. All told, it is clear that, LEJU needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LEJU has a short ratio of 0.32 and outstanding shares of 135.79M.

Company Outlook

LEJU has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.33 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.09. Investors should also keep an eye on sector updates as LEJU has historically followed its peers on positive news.

All told, Leju Holdings Limited LEJU has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LEJU represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Leju Holdings Limited LEJU is now commanding a market cap of 509.92M and a float of 133.66M. LEJU is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LEJU stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in LEJU, either long or short, and we have not been compensated for this article.

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