Further Upside For LexinFintech Holdings Ltd. (NASDAQ:LX) Shares Could Introduce Price Risks After 31% Bounce
LexinFintech Holdings Ltd. (NASDAQ:LX) shareholders would be excited to see that the share price has had a great month, posting a 31% gain and recovering from prior weakness. This latest share price bounce rounds out a remarkable 356% gain over the last twelve months.
Even after such a large jump in price, given about half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 18x, you may still consider LexinFintech Holdings as an attractive investment with its 9.6x P/E ratio. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
We’ve discovered 2 warning signs about LexinFintech Holdings. View them for free.
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