Futu Holdings Ltd ADR (NASDAQ: FUTU) has a price-to-earnings ratio that is above its average at 15.36x. The stock has a 36-month beta value of 0.71. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for FUTU is 87.18M, and at present, short sellers hold a 4.91% of that float. On August 28, 2024, the average trading volume of FUTU was 1.24M shares.
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FUTU) stock’s latest price update
Futu Holdings Ltd ADR (NASDAQ: FUTU) has experienced a decline in its stock price by -3.28 compared to its previous closing price of 61.52. However, the company has seen a fall of -5.05% in its stock price over the last five trading days. globenewswire.com reported 2024-08-26 that HONG KONG, Aug. 26, 2024 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that S&P Global Ratings (“S&P”) maintained stable outlook on the long-term rating and reaffirmed the Company’s long-term issuer credit rating at “BBB-”. Futu’s securities firm in Hong Kong has a stand-alone credit profile of “bbb”.
FUTU’s Market Performance
Futu Holdings Ltd ADR (FUTU) has experienced a -5.05% fall in stock performance for the past week, with a -1.14% drop in the past month, and a -22.07% drop in the past quarter. The volatility ratio for the week is 3.52%, and the volatility levels for the past 30 days are at 3.87% for FUTU. The simple moving average for the last 20 days is -1.24% for FUTU’s stock, with a simple moving average of -0.07% for the last 200 days.
Analysts’ Opinion of FUTU
Many brokerage firms have already submitted their reports for FUTU stocks, with JP Morgan repeating the rating for FUTU by listing it as a “Overweight.” The predicted price for FUTU in the upcoming period, according to JP Morgan is $92 based on the research report published on May 28, 2024 of the current year 2024.
CLSA, on the other hand, stated in their research note that they expect to see FUTU reach a price target of $65, previously predicting the price at $50. The rating they have provided for FUTU stocks is “Outperform” according to the report published on March 18th, 2024.
JP Morgan gave a rating of “Neutral” to FUTU, setting the target price at $62 in the report published on March 15th of the current year.
FUTU Trading at -6.28% 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 -27.31% of loss for the given period.
Volatility was left at 3.87%, however, over the last 30 days, the volatility rate increased by 3.52%, as shares sank -6.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.89% lower at present.
During the last 5 trading sessions, FUTU fell by -5.12%, which changed the moving average for the period of 200-days by +3.81% in comparison to the 20-day moving average, which settled at $60.06. In addition, Futu Holdings Ltd ADR saw 8.92% 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:
- 0.49 for the present operating margin
- 0.83 for the gross margin
The net margin for Futu Holdings Ltd ADR stands at 0.42. The total capital return value is set at 0.19. Equity return is now at value 17.11, with 3.75 for asset returns.
The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 22.08.
Currently, EBITDA for the company is 5.18 billion with net debt to EBITDA at -0.53. When we switch over and look at the enterprise to sales, we see a ratio of 1.82. The receivables turnover for the company is 0.2for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To sum up, Futu Holdings Ltd ADR (FUTU) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
