5 Cheapest Penny Stocks According to Analysts

1. Lufax Holding Ltd (NYSE:LU)

PE Ratio (TTM) as of March 9: 2.95

Average Upside Potential as of March 9: 10.48%

Number of Hedge Fund Holders: 17

Lufax Holding Ltd (NYSE:LU) is a leading Chinese fintech company. As of March 9, the stock is trading at a PE multiple of 2.95 and is presenting an attractive buying opportunity to investors. Lufax Holding Ltd (NYSE:LU) has received coverage from 15 Wall Street analysts, of which 6 recommend to Buy the stock. The stock has an average price target of $2.16 which represents an upside of 10.48% from current levels.

At the end of the fourth quarter of 2022, 17 hedge funds were long Lufax Holding Ltd (NYSE:LU) and held collective positions worth $199.2 million in the company. This is compared to 14 hedge funds in the previous quarter with stakes worth $150.9 million in the company. The hedge fund sentiment for the stock is positive.

As of December 31, Farallon Capital is the largest shareholder in Lufax Holding Ltd (NYSE:LU) and has disclosed a position worth $74.5 million in the company.

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