Long Position on QFIN @ $19.75 on 2/5/2021 (Momentum)

360 DigiTech, Inc. (QFIN) is a data driven, technology empowered digital platform.

Through its platform the Company enables financial institutions to provide better and targeted products and services to a broader consumer base.

The Company also offers standardized risk management service, in the form of SaaS modules to institutional clients.

When coupled with its partnership with 360 Group, the Company’s solutions created noticeable advantages in customer acquisition, funding optimization, risk assessment and post-lending management.

The company reported 3rd Quarter September 2020 earnings of $1.18 per share on revenue of $545.5 million. The consensus earnings estimate was $0.75 per share. Revenue grew 50.9% on a year-over-year basis.

Following a strong earnings report and earnings per share increasing 73% in the last quarter alone, share prices should be heading higher.

Entry point: $19.75

52-week trade range: $6.37 - $20.40

Stop/Loss: $21.75

Target Price: $18.75

Updates

2/9/2021 9:42:50 AM

QFIN closed at $22.60

Position closed on 2/9/2021 at price of $22.60 with a 14.43% gain in 4 days.

Back to Portfolio