The price-to-earnings ratio for Futu Holdings Ltd ADR (NASDAQ: FUTU) is 23.84x, which is above its average ratio. Moreover, the 36-month beta value for FUTU is 0.74. Analysts have varying opinions on the stock, with 9 analysts rating it as a “buy,” 7 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for FUTU is 87.31M and currently, short sellers hold a 6.13% of that float. On October 22, 2024, FUTU’s average trading volume was 3.84M shares.
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FUTU) stock’s latest price update
Futu Holdings Ltd ADR (NASDAQ: FUTU)’s stock price has gone decline by -1.00 in comparison to its previous close of 93.26, however, the company has experienced a -13.18% decrease in its stock price over the last five trading days. zacks.com reported 2024-10-18 that Futu Holdings (FUTU) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
FUTU’s Market Performance
Futu Holdings Ltd ADR (FUTU) has experienced a -13.18% fall in stock performance for the past week, with a 40.90% rise in the past month, and a 47.00% rise in the past quarter. The volatility ratio for the week is 5.53%, and the volatility levels for the past 30 days are at 8.51% for FUTU. The simple moving average for the past 20 days is -8.93% for FUTU’s stock, with a 42.73% 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 19.69% 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 -29.25% of loss for the given period.
Volatility was left at 8.51%, however, over the last 30 days, the volatility rate increased by 5.53%, as shares surge +37.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +58.53% upper at present.
During the last 5 trading sessions, FUTU fell by -13.18%, which changed the moving average for the period of 200-days by +76.30% in comparison to the 20-day moving average, which settled at $101.38. In addition, Futu Holdings Ltd ADR saw 69.01% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FUTU starting from Huang River Investment Limited, who proposed sale 20,645,160 shares at the price of $9.69 back on Sep 26 ’24. After this action, Huang River Investment Limited now owns shares of Futu Holdings Ltd ADR, valued at $200,000,000 using the latest closing price.
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 2.64. The receivables turnover for the company is 0.2for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To wrap up, the performance of Futu Holdings Ltd ADR (FUTU) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
