Yiren Digital Ltd. – Consensus indicates upside potential of 29.6%

Yiren Digital Ltd. with ticker code (YRD) now have 2 total analysts covering the stock. The consensus rating is “Hold”. The range between the target price high and the target price low is between 3.51 and 3.05 and has an average objective at 3.28. Given that the stock’s previous close was at 2.53, this would indicate that there is 29.6% upside potential. The 50 day moving average is at 2.74 and the 200 moving average is now moving to 3.6. The company has a market capitalization of $220 million. You can visit the company’s website by visiting: https://www.yirendai.com

The potential market capitalization would be $285 million based on market consensus.

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Yiren Digital Ltd., through its subsidiaries, operates as an online consumer credit marketplace that connects borrowers and investors in the People’s Republic of China. It provides loan facilitation services; and post-issue services, such as cash processing, collection and SMS services. The Company’s loan product portfolio includes unsecured consumer loans; secured consumer loans, which include secured leases, self-secured loans, and property secured loans; and small business loans. It also distributes short-term cash management, mutual fund investment, insurance, securities and equity products. Additionally, the Company offers online investor education services, which include a range of investment and trading topics, and various types of education programs on wealth planning, market information and investment strategies. ‘investment ; information technology consultancy; reference; and IT, system maintenance and customer support services. Additionally, it is involved in providing services for leasing and insurance brokerage businesses. The company offers its products through www.yxpuhui.com, a wealth management website and mobile app. As of December 31, 2020, it had 60 fixed income products, 810 mutual fund products and 296 insurance products. The company was previously known as Yirendai Ltd. and changed its name to Yiren Digital Ltd. in September 2019. Yiren Digital Ltd. was founded in 2012 and is based in Beijing, People’s Republic of China. Yiren Digital Ltd. is a subsidiary of Creditease Holdings (Cayman) Limited.