Jiayin Group Inc. (JFIN) shares are trading at higher $4.01 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $3.98.
To add more color to this target, the company’s high over the last year is $30.00 and the low is $1.60. Over the last 52 weeks, JFIN is down -47.24% while the S&P 500 is up 15.47%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, JFIN reported a profit of $27.47 million. Jiayin Group Inc. also saw revenues increase to $34.68 million. In addition, JFIN has free cash flow of $0.0 as of 06-2020. The company’s EBITDA came in at $6.8 million which compares well with its peers.
JFIN booked profit margins of 14.80%, its Return on Equity (ROE) is -28.70%, and its Return on Assets is 29.80%. All told, it is clear that, JFIN 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. JFIN has a short ratio of 0.40 and outstanding shares of 54.03M.
JFIN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.83 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.60. Jiayin Group Inc. JFIN also noted assets of $80.79 million at the end of the last quarter. Investors should also keep an eye on sector updates as JFIN has historically followed its peers on positive news.
All told, Jiayin Group Inc. JFIN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, JFIN 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.
Jiayin Group Inc. JFIN is now commanding a market cap of 207.44M and a float of 25.03M. JFIN 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 JFIN 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 JFIN, either long or short, and we have not been compensated for this article.