The price-to-earnings ratio for Futu Holdings Ltd ADR (NASDAQ: FUTU) is above average at 15.59x. The 36-month beta value for FUTU is also noteworthy at 0.73. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 6 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for FUTU is 87.18M, and at present, short sellers hold a 4.77% of that float. The average trading volume of FUTU on September 18, 2024 was 1.17M shares.
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FUTU) stock’s latest price update
The stock price of Futu Holdings Ltd ADR (NASDAQ: FUTU) has jumped by 4.92 compared to previous close of 57.54. Despite this, the company has seen a gain of 3.30% 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’s stock has risen by 3.30% in the past week, with a monthly drop of -1.85% and a quarterly drop of -12.57%. The volatility ratio for the week is 3.35% while the volatility levels for the last 30 days are 3.38% for Futu Holdings Ltd ADR The simple moving average for the last 20 days is 0.17% for FUTU’s stock, with a simple moving average of 1.38% 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 -1.67% 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 -26.25% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 3.35%, as shares sank -3.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.04% lower at present.
During the last 5 trading sessions, FUTU rose by +3.30%, which changed the moving average for the period of 200-days by +10.69% in comparison to the 20-day moving average, which settled at $60.16. In addition, Futu Holdings Ltd ADR saw 10.51% 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:
- 0.47 for the present operating margin
- 0.82 for the gross margin
The net margin for Futu Holdings Ltd ADR stands at 0.39. The total capital return value is set at 0.19. Equity return is now at value 17.11, with 3.75 for asset returns.
Currently, EBITDA for the company is 5.18 billion with net debt to EBITDA at -0.7. When we switch over and look at the enterprise to sales, we see a ratio of 1.52. The receivables turnover for the company is 0.2for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In summary, Futu Holdings Ltd ADR (FUTU) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
