Yintech Investment Holdings Limited (NASDAQ:YIN) is in the list of top stocks to trade today as the company shares are trading 3.86% or 0.24 points up from last closing price of $6.21, reaching $6.45 at last check. The YIN share price has risen in 4 of the last 5 days and is up 36.48% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -9,247 shares, and in total 56853 shares valued at $366702 were seen changing hands compared with 66100 shares valued at $410481 recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in YIN stock for the next couple of days.
Yintech Investment Holdings Limited (YIN) shares have notched a 3-month gain of about 36.48%, but has still advanced 17.17% year to date. By comparison, the stock sank -3.8% over the past 12 months, while it jumped 18.06% over the 1 month. The company’s market cap is around $435.51M, with its short interest ratio standing at 0.65%.
In the current trading session for YIN, the stock witnessed two major price actions, it rose to a high of $6.49 and was down as much as $6.12 at one point. The high recorded is very low when compared to their 52-week high which is $3.66. The 52-week high is now at -13.42 distance from current price. Their recent low of $7.45 represents a 76.23% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for YIN is $10.61, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Yintech Investment Holdings Limited earned $-1.18 per share in the trailing 12 months and has a P/E ratio of -5.47. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 21.13 and lower compared to the sector’s average of 16.83. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. YIN also has P/S multiple of 2.04. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.03x.
YIN‘s last price was up 27.91% as compared to the average trading price of 50 days recorded at $5.04 while enlarging the period to 200 trading days, the average closing price was $5.1. At present, there are 70.13 million in the total number of common shares owned by the public and among those 19.61 million shares have been available to trade. The percentage of shares being held by the company management was 71.71% while institutions stake was 1%. The company has generated negative returns on equity over the last 12 months (-23.9%). It managed to keep its gross profit margin at 99.8% over the past 12 months.
When assessing the full upside of the YIN stock, there is another set of technicals that should be looked into and considered. Its 17.3% gain from moving average of $5.5 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0.49 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly -53.6%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has risen at an average annualized rate of about 11.7 over the last five years. The company recently recorded an increase of 87.2%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards YIN stock. BlackRock Inc. added position in the company after it grew 13% or 282,790 shares of its common stock. The hedge fund now owns 319,553 shares worth $2,061,117, SEC documents show. GSA Capital Partners LLP cut assets in the stock as 28588.66 shares have been sold, reducing its stake by -17.1% to 23,700 shares which are currently valued at $152,865. In addition, BlackRock Inc. recently reported that it now owns 112,338 shares making a total of $724,580 based on the recent price. This refelects a change of 10.6% in their ownership.