Qfin (QFIN) Hits 52-Week Low. Here's Why

We recently published 10 Stocks Crashing Hard Despite Highly Optimistic Market. Qfin Holdings, Inc. (NASDAQ:QFIN) is one of the worst-performing stocks on Tuesday.

Qfin fell to a 52-week low on Tuesday, as investors took path from a hedge fund manager’s lukewarm stance on the stock.

In intra-day trading, the stock dropped to its lowest price of $20.45 before trimming losses to end the day just down by 13.92 percent at $21.40 apiece.

In the latest episode of Mad Money, host and former hedge fund manager Jim Cramer did not recommend shares of Chinese financial companies.

“The China financials—not for me. I like Alibaba. That’s my only one over there,” he was quoted as saying.

Additionally, investors appeared to have sold off positions amid the lack of fresh developments in the company to boost buying appetite.

Qfin Holdings, Inc. (NASDAQ:QFIN) is a leading AI-empowered credit-tech platform in China. It provides a comprehensive suite of technology services to assist financial institutions and consumers, and small and medium enterprises in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching, and post-facilitation services.

While we acknowledge the potential of QFIN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.