What’s Ahead for China Rapid Finance Limited (XRF) After Making 52-Week Low?

July 16, 2018 - By Pearl Odom

The stock of China Rapid Finance Limited (NYSE:XRF) hit a new 52-week low and has $1.77 target or 4.00 % below today’s $1.84 share price. The 5 months bearish chart indicates high risk for the $120.26M company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $1.77 price target is reached, the company will be worth $4.81M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 7.07% or $0.14 during the last trading session, reaching $1.84. About 106,818 shares traded. China Rapid Finance Limited (NYSE:XRF) has declined 55.38% since July 16, 2017 and is downtrending. It has underperformed by 67.95% the S&P500.

Analysts await China Rapid Finance Limited (NYSE:XRF) to report earnings on August, 16. They expect $-0.07 EPS, up 75.86 % or $0.22 from last year’s $-0.29 per share. After $-0.24 actual EPS reported by China Rapid Finance Limited for the previous quarter, Wall Street now forecasts -70.83 % EPS growth.

More recent China Rapid Finance Limited (NYSE:XRF) news were published by: Benzinga.com which released: “44 Biggest Movers From Friday” on July 02, 2018. Also Benzinga.com published the news titled: “35 Stocks Moving In Friday’s Mid-Day Session” on June 29, 2018. Benzinga.com‘s news article titled: “24 Stocks Moving In Friday’s Pre-Market Session” with publication date: June 29, 2018 was also an interesting one.

China Rapid Finance Limited, through its subsidiaries, operates consumer lending marketplace in the PeopleÂ’s Republic of China. The company has market cap of $120.26 million. The firm offers various loan products to serve the lifetime credit needs of emerging middle-class, mobile active consumers, including consumption loans with terms of between two weeks and three months; and lifestyle loans with terms of between three months and three years. It currently has negative earnings. It also involved in the micro-credit lending business.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.