The price-to-earnings ratio for Futu Holdings Ltd ADR (NASDAQ: FUTU) is above average at 21.49x, Company’s 36-month beta value is 0.71.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 7 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for FUTU is 87.86M, and currently, short sellers hold a 5.72% ratio of that floaft. The average trading volume of FUTU on November 27, 2024 was 4.78M shares.
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FUTU) stock’s latest price update
Futu Holdings Ltd ADR (NASDAQ: FUTU)’s stock price has gone rise by 4.60 in comparison to its previous close of 83.76, however, the company has experienced a 0.85% increase in its stock price over the last five trading days. zacks.com reported 2024-11-26 that As the calendar winds down, the stock market often heats up. The last five weeks of the year have historically shown a bullish seasonal pattern, fueled by holiday optimism, institutional portfolio adjustments, and a tendency for investors to position themselves for the upcoming year.
FUTU’s Market Performance
FUTU’s stock has risen by 0.85% in the past week, with a monthly drop of -8.58% and a quarterly rise of 48.61%. The volatility ratio for the week is 3.52% while the volatility levels for the last 30 days are 5.20% for Futu Holdings Ltd ADR The simple moving average for the past 20 days is -2.75% for FUTU’s stock, with a 26.91% simple moving average for the past 200 days.
Analysts’ Opinion of FUTU
Many brokerage firms have already submitted their reports for FUTU stocks, with Citigroup repeating the rating for FUTU by listing it as a “Neutral.” The predicted price for FUTU in the upcoming period, according to Citigroup is $95 based on the research report published on November 19, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see FUTU reach a price target of $115, previously predicting the price at $70. The rating they have provided for FUTU stocks is “Overweight” according to the report published on November 18th, 2024.
JP Morgan gave a rating of “Overweight” to FUTU, setting the target price at $92 in the report published on May 28th of the current year.
FUTU Trading at -5.07% 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 -31.23% of loss for the given period.
Volatility was left at 5.20%, however, over the last 30 days, the volatility rate increased by 3.52%, as shares sank -9.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.52% upper at present.
During the last 5 trading sessions, FUTU fell by -2.69%, which changed the moving average for the period of 200-days by +80.49% in comparison to the 20-day moving average, which settled at $92.03. In addition, Futu Holdings Ltd ADR saw 64.28% 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:
- 0.49 for the present operating margin
- 0.85 for the gross margin
The net margin for Futu Holdings Ltd ADR stands at 0.4. The total capital return value is set at 0.19. Equity return is now at value 17.09, with 3.70 for asset returns.
Currently, EBITDA for the company is 5.18 billion with net debt to EBITDA at -0.86. When we switch over and look at the enterprise to sales, we see a ratio of 2.29. The receivables turnover for the company is 0.18for trailing twelve months and the total asset turnover is 0.08.
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’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.
