In the past week, FUTU stock has gone down by -3.06%, with a monthly decline of -2.33% and a quarterly surge of 43.89%. The volatility ratio for the week is 4.16%, and the volatility levels for the last 30 days are 5.41% for Futu Holdings Ltd ADR The simple moving average for the past 20 days is -4.70% for FUTU’s stock, with a 29.56% simple moving average for the past 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 23.28x. The stock has a 36-month beta value of 0.75. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 7 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for FUTU is 87.86M, and at present, short sellers hold a 5.67% of that float. On November 19, 2024, the average trading volume of FUTU was 4.58M shares.
FUTU) stock’s latest price update
The stock price of Futu Holdings Ltd ADR (NASDAQ: FUTU) has dropped by -2.30 compared to previous close of 92.30. Despite this, the company has seen a fall of -3.06% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-19 that Futu Holdings Limited (NASDAQ:FUTU ) Q3 2024 Earnings Conference Call November 19, 2024 7:30 AM ET Company Participants Daniel Yuan – Head, Strategy & Investor Relations Leaf Li – Chairman & Chief Executive Officer Arthur Chen – Chief Financial Officer Conference Call Participants Cindy Wang – China Renaissance Chiyao Huang – MS You Fan – CICC Charles Zhou – UBS Emma Xu – Bank of America Securities Operator Hello, ladies and gentlemen. Welcome to Futu Holdings Third Quarter 2024 Earnings Conference Call.
Analysts’ Opinion of FUTU
Many brokerage firms have already submitted their reports for FUTU stocks, with Morgan Stanley repeating the rating for FUTU by listing it as a “Overweight.” The predicted price for FUTU in the upcoming period, according to Morgan Stanley is $115 based on the research report published on November 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 $92, previously predicting the price at $62. The rating they have provided for FUTU stocks is “Overweight” according to the report published on May 28th, 2024.
CLSA gave a rating of “Outperform” to FUTU, setting the target price at $65 in the report published on March 18th of the current year.
FUTU Trading at -1.22% 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 -30.90% of loss for the given period.
Volatility was left at 5.41%, however, over the last 30 days, the volatility rate increased by 4.16%, as shares sank -3.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.42% upper at present.
During the last 5 trading sessions, FUTU fell by -4.24%, which changed the moving average for the period of 200-days by +93.85% in comparison to the 20-day moving average, which settled at $94.57. In addition, Futu Holdings Ltd ADR saw 65.07% 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:
- 0.48 for the present operating margin
- 0.85 for the gross margin
The net margin for Futu Holdings Ltd ADR stands at 0.41. 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 2.63.
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.
