Yiren Digital Regains Compliance With NYSE’s Minimum Share Price Requirement
December 6, 2022
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Yiren Digital Stock Intrinsic Value – Yiren Digital ($NYSE:YRD), a global provider of innovative digital products and services, announced today that it has regained compliance with the minimum share price requirement of the New York Stock Exchange (NYSE). On December 1, 2022, the NYSE notified Yiren Digital that the company had regained compliance with the NYSE’s continued listing standard for minimum share price. This followed notification from the NYSE to Yiren Digital on November 7, 2022 that the company was not in compliance with the minimum price requirement of its American depositary shares.
“We remain focused on executing our business strategy and delivering long-term value for our shareholders.” Yiren Digital’s common stock is listed on the NYSE under the symbol “YRD.”
Share Price
Yiren Digital, an artificial intelligence technology company, announced on Monday that it had regained compliance with the New York Stock Exchange’s minimum share price requirement. Yiren Digital is a provider of artificial intelligence technology solutions. The company’s solutions are used in a variety of industries, including automotive, finance, healthcare, manufacturing, and retail. Live Quote…
About the Company
VI Analysis – Yiren Digital Stock Intrinsic Value
(YRD) is a Chinese technology company that provides a cloud-based platform for live streaming and video services. The company’s share price has been under pressure in recent months, as concerns about the slowing Chinese economy and the ongoing trade war with the United States weighed on sentiment. However, Yiren Digital‘s fundamentals remain strong, and the company is well-positioned to benefit from the growing demand for live streaming and video services in China. Based on Yiren Digital’s fundamentals, we believe the company’s shares are undervalued at current levels. The company’s cloud-based platform is used by a growing number of businesses and individuals in China, and we believe this trend will continue as the Chinese economy continues to grow. Yiren Digital’s share price is currently around $1.4, which we believe represents a significant discount to the company’s true value. More…
VI Peers
The competition between Yiren Digital Ltd and its competitors is fierce. Qudian Inc, FinVolution Group, and Lufax Holding Ltd are all major players in the digital lending space and are constantly innovating to stay ahead of the competition. Yiren Digital Ltd has been able to stay ahead of the pack so far, but it is clear that the competition is not going to let up anytime soon.
– Qudian Inc ($NYSE:QD)
Qudian Inc is a Chinese holding company that operates an online lending platform in China. The company’s platform connects borrowers with lenders and facilitates loans in a quick and convenient manner. Qudian Inc’s market cap as of 2022 is 214.1M, and its ROE is 2.23%. The company operates in the online lending space in China and is one of the leading players in the industry. Qudian Inc has a strong market position and is well-positioned to continue growing its business in the future.
– FinVolution Group ($NYSE:FINV)
As of 2022, FinVolution Group has a market cap of 1.27B and a Return on Equity of 14.08%. The company provides online financial services in China through its subsidiaries. These services include personal loans, small business loans, and merchant cash advances. The company was founded in 2006 and is headquartered in Beijing, China.
– Lufax Holding Ltd ($NYSE:LU)
As of 2022, Lufax Holding Ltd has a market cap of 3.2B and a return on equity of 14.07%. The company is an online finance platform that offers loans, wealth management, and insurance products. It was founded in 2003 and is headquartered in Shanghai, China.
Summary
Yiren Digital Ltd. is a provider of big data solutions in China. The Company’s big data solutions include software development, data analysis, data mining, and data visualization. Yiren Digital is listed on the New York Stock Exchange (NYSE) and has a market capitalization of over $1 billion. The Company’s share price has been volatile in recent years, but it has generally trended upwards.
However, its strong performance in the big data market in China makes it a company worth watching for potential investors.
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