Futu Holdings Ltd ADR (NASDAQ:FUTU) shares, rose in value, with the stock price up by 11.86% to the previous day’s close as strong demand from buyers drove the stock to $66.57.
Actively observing the price movement in the recent trading, the stock is buoying the session at $59.51, falling within a range of $62.2 and $67.32. The value of beta (5-year monthly) is 0.713 whereas the PE ratio is 17.19 over 12-month period. Referring to stock’s 52-week performance, its high was $81.86, and the low was $43.61. On the whole, FUTU has fluctuated by 11.49% over the past month.
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With the market capitalization of Futu Holdings Ltd ADR currently standing at about $6.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-20.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FUTU’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.30, with the price of FUTU currently trading nearly 10.67% and 8.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.05, while the 7-day volatility ratio is showing 3.32% which for the 30-day chart, stands at 3.34%. Furthermore, Futu Holdings Ltd ADR (FUTU)’s beta value is 0.72, and its average true range (ATR) is 2.51.
A comparison of Futu Holdings Ltd ADR (FUTU) with its peers suggests the former has fared considerably weaker in the market. FUTU showed an intraday change of 11.86% in today’s session so far, and over the past year, it grew by 13.06%%.
Data on historical trading for Futu Holdings Ltd ADR (NASDAQ:FUTU) indicates that the trading volumes over the past 10 days have averaged 1.05 and over the past 3 months, they’ve averaged 1.14 million. According to company’s latest data on outstanding shares, there are 93.35 million shares outstanding.
Nearly 6.60% of Futu Holdings Ltd ADR’s shares belong to company insiders and institutional investors own 29.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.16 million shares as on 2024-08-30, resulting in a short ratio of 3.33. According to the data, the short interest in Futu Holdings Ltd ADR (FUTU) stood at 751.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 3.92 million. The stock has risen by 21.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FUTU stock heading into the next quarter.
