Published on 23 May 2024 on Simply Wall St. via Yahoo Finance
LexinFintech Holdings (NASDAQ:LX) investors are sitting on a loss of 83% if they invested five years...
LexinFintech Holdings Ltd. (NASDAQ:LX) shareholders should be happy to see the share price up 13% in the last month. But will that heal all the wounds inflicted over 5 years of declines? Unlikely. Indeed, the share price is down a whopping 84% in that time. While the recent increase might be a green shoot, we're certainly hesitant to rejoice. The million dollar question is whether the company can justify a long term recovery. While a drop like that is definitely a body blow, money isn't as important as health and happiness.
So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.