Futu Holdings Ltd ADR (NASDAQ: FUTU) has seen a rise in its stock price by 10.95 in relation to its previous close of 67.29. However, the company has experienced a 23.67% gain in its stock price over the last five trading sessions. fool.com reported 2024-09-19 that The Chinese economy has struggled this year. Investors are split on where things go from here.
Is It Worth Investing in Futu Holdings Ltd ADR (NASDAQ: FUTU) Right Now?
The price-to-earnings ratio for Futu Holdings Ltd ADR (NASDAQ: FUTU) is above average at 19.28x, Company’s 36-month beta value is 0.71.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for FUTU is 87.18M, and currently, short sellers hold a 4.77% ratio of that floaft. The average trading volume of FUTU on September 24, 2024 was 1.19M shares.
FUTU’s Market Performance
FUTU’s stock has seen a 23.67% increase for the week, with a 18.66% rise in the past month and a 9.92% gain in the past quarter. The volatility ratio for the week is 5.31%, and the volatility levels for the past 30 days are at 3.47% for Futu Holdings Ltd ADR The simple moving average for the past 20 days is 22.86% for FUTU’s stock, with a 24.83% simple moving average for the past 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 22.38% 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 -8.80% of loss for the given period.
Volatility was left at 3.47%, however, over the last 30 days, the volatility rate increased by 5.31%, as shares surge +21.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.89% upper at present.
During the last 5 trading sessions, FUTU rose by +23.07%, which changed the moving average for the period of 200-days by +42.91% in comparison to the 20-day moving average, which settled at $61.42. In addition, Futu Holdings Ltd ADR saw 36.66% 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 2.02. The receivables turnover for the company is 0.2for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In a nutshell, Futu Holdings Ltd ADR (FUTU) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
