The stock of Futu Holdings Ltd ADR (FUTU) has gone up by 7.33% for the week, with a 3.84% rise in the past month and a 16.71% rise in the past quarter. The volatility ratio for the week is 2.88%, and the volatility levels for the past 30 days are 3.87% for FUTU. The simple moving average for the last 20 days is 4.83% for FUTU stock, with a simple moving average of 11.13% for the last 200 days.
Is It Worth Investing in Futu Holdings Ltd ADR (NASDAQ: FUTU) Right Now?
Futu Holdings Ltd ADR (NASDAQ: FUTU) has a price-to-earnings ratio that is above its average at 15.20x. The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FUTU is 89.24M, and at present, short sellers hold a 3.64% of that float. On April 10, 2024, the average trading volume of FUTU was 1.49M shares.
FUTU) stock’s latest price update
Futu Holdings Ltd ADR (NASDAQ: FUTU) has seen a rise in its stock price by 3.00 in relation to its previous close of 57.71. However, the company has experienced a 7.33% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-04 that Investors interested in Technology Services stocks are likely familiar with Futu Holdings Limited Sponsored ADR (FUTU) and Climb Global Solutions (CLMB). But which of these two companies is the best option for those looking for undervalued stocks?
Analysts’ Opinion of FUTU
Many brokerage firms have already submitted their reports for FUTU stocks, with CLSA repeating the rating for FUTU by listing it as a “Outperform.” The predicted price for FUTU in the upcoming period, according to CLSA is $65 based on the research report published on March 18, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see FUTU reach a price target of $62, previously predicting the price at $64. The rating they have provided for FUTU stocks is “Neutral” according to the report published on March 15th, 2024.
JP Morgan gave a rating of “Overweight” to FUTU, setting the target price at $64 in the report published on January 17th of the current year.
FUTU Trading at 11.95% 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 -11.93% of loss for the given period.
Volatility was left at 3.87%, however, over the last 30 days, the volatility rate increased by 2.88%, as shares sank -0.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.36% upper at present.
During the last 5 trading sessions, FUTU rose by +7.33%, which changed the moving average for the period of 200-days by +49.20% in comparison to the 20-day moving average, which settled at $56.70. In addition, Futu Holdings Ltd ADR saw 8.80% 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:
- 0.59 for the present operating margin
- 0.85 for the gross margin
The net margin for Futu Holdings Ltd ADR stands at 0.46. The total capital return value is set at 0.23. Equity return is now at value 18.79, with 4.46 for asset returns.
Based on Futu Holdings Ltd ADR (FUTU), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 10.33.
Currently, EBITDA for the company is 3.63 billion with net debt to EBITDA at -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 6.72. The receivables turnover for the company is 0.22for trailing twelve months and the total asset turnover is 0.1.
Conclusion
To sum up, Futu Holdings Ltd ADR (FUTU) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
