Last Updated: 19 Sep 2024
Executive Summary
Yirendai Ltd (YRD) is an online consumer finance marketplace in China. The company connects borrowers and investors, providing a platform for lending and borrowing. YRD has a market capitalization of $403.38 million and trades on the NYSE. The latest stock price is $4.67.
Company Overview
YRD was founded in 2012 and is headquartered in Beijing, China. The company's platform offers a variety of loan products, including personal loans, auto loans, and small business loans. YRD also provides a range of financial services, such as credit scoring, risk management, and customer service.
Fundamental Analysis
YRD has reported strong financial performance in recent quarters. In the latest quarter, the company reported revenue of $545.97 million, up 0.13% year-over-year. Net income was $272.86 million, up 20.4% year-over-year.
YRD's financial ratios are also healthy. The company has a trailing PE ratio of 1.441 and a forward PE ratio of 3.073. The company's price-to-sales ratio is 0.0739 and its price-to-book ratio is 0.319.
Technical Analysis
YRD's stock price has been trending lower in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 35.12, which indicates that the stock is oversold.
Short Term Outlook
The technical analysis suggests that YRD's stock price could continue to trend lower in the short term. The stock is currently trading below its moving averages and its RSI is oversold. However, the company's fundamentals are strong and the stock could rebound if the market sentiment improves.
Long Term Outlook
The long-term outlook for YRD is positive. The company is a leader in the online consumer finance market in China. The company's platform is well-positioned to benefit from the growing demand for consumer credit in China.
Analyst Recommendations
The majority of analysts have a sell rating on YRD. The average analyst target price is $2.03.
Conclusion
YRD is a solid company with a strong track record of financial performance. However, the stock's technical analysis suggests that the stock could continue to trend lower in the short term. The long-term outlook for YRD is positive, but investors should be aware of the risks involved in investing in the company.
