Is LX a good buy

LexinFintech (LX) is not a good buy at this time. Here are the key reasons:

1. Financial Performance: LexinFintech has reported a net income of $31.17 million and a diluted EPS of $0.09 for the most recent quarter, indicating a profitable business model.

2. Revenue Growth: The company has experienced a significant revenue growth rate of 18.88%, which is a strong indicator of its market presence.

3. Dividend: LexinFintech has announced a dividend of CN¥0.0634, which yields a decent 7.6% return.

4. Market Sentiment: Despite a recent rating downgrade by Citi, the company has a positive outlook with a "Neutral" rating and a reduced price target of $1.80, indicating some confidence in its future performance.

However, there are also some factors to consider:

1. Challenges in Loan Origination: LexinFintech has faced a 5%-7% miss in loan origination, which could impact its financial performance.
2. Valuation Concerns: The company's P/E(TTM) is high at 2.16, and its P/S(TTM) is also high at 0.15, which could indicate that the stock is overvalued compared to earnings and sales.

In conclusion, while LexinFintech shows strong financial performance and revenue growth, the challenges in loan origination and high valuation ratios suggest that the stock may not be a good buy at this time. Investors should exercise caution and consider these factors before making an investment decision.