Is a Correction Looming Ahead for Futu Holdings Limited (FUTU) – News Heater
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Is a Correction Looming Ahead for Futu Holdings Limited (FUTU)

Futu Holdings Limited (NASDAQ:FUTU) went up by 15.70% from its latest closing price compared to the recent 1-year high of $181.44. The company’s stock price has collected 24.26% of gains in the last five trading sessions. The Wall Street Journal reported on 10/28/21 that Chinese Online Broker Shares Dropped After Criticism From Central Bank

Is It Worth Investing in Futu Holdings Limited (NASDAQ :FUTU) Right Now?

Futu Holdings Limited (NASDAQ:FUTU) scored a price-to-earnings ratio above its average ratio, recording 27.96 x from its present earnings ratio. Opinions of the stock are interesting as 17 analysts out of 20 who provided ratings for Futu Holdings Limited declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $421.53, which is $0.7 above the current price. FUTU currently public float of 77.10M and currently shorts hold a 12.43% ratio of that float. Today, the average trading volume of FUTU was 5.02M shares.

FUTU’s Market Performance

FUTU stocks went up by 24.26% for the week, with a monthly jump of 54.11% and a quarterly performance of 37.18%, while its annual performance rate touched -65.17%. The volatility ratio for the week stands at 7.56% while the volatility levels for the past 30 days are set at 8.03% for Futu Holdings Limited. The simple moving average for the period of the last 20 days is 30.01% for FUTU stocks with a simple moving average of 2.77% for the last 200 days.

Analysts’ Opinion of FUTU

CLSA, on the other hand, stated in their research note that they expect to see FUTU reach a price target of $27. The rating they have provided for FUTU stocks is “Sell” according to the report published on June 06th, 2022.

China Renaissance gave a rating of “Buy” to FUTU, setting the target price at $51.80 in the report published on May 19th of the current year.

FUTU Trading at 45.83% from the 50-Day Moving Average

After a stumble in the market that brought FUTU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.57% of loss for the given period.

Volatility was left at 8.03%, however, over the last 30 days, the volatility rate increased by 7.56%, as shares surge +51.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.76% upper at present.

During the last 5 trading sessions, FUTU rose by +24.26%, which changed the moving average for the period of 200-days by -51.80% in comparison to the 20-day moving average, which settled at $40.55. In addition, Futu Holdings Limited saw 19.12% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for FUTU

Current profitability levels for the company are sitting at:

  • +50.03 for the present operating margin
  • +86.66 for the gross margin

The net margin for Futu Holdings Limited stands at +39.50. Equity return is now at value 10.60, with 2.00 for asset returns.