The trading price of Futu Holdings Ltd ADR (NASDAQ:FUTU) floating lower at last check on current market day and closing at $107.68, -3.92% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $102.2 and $110.0495. The company’s P/E ratio in the trailing 12-month period was 27.80, while its 5Y monthly beta was 0.734. In examining the 52-week price action we see that the stock hit a 52-week high of $130.50 and a 52-week low of $43.61. Over the past month, the stock has gained 84.27% in value.
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Futu Holdings Ltd ADR, whose market valuation is $10.05 billion at the time of this writing, is expected to release its quarterly earnings report on 2024-Aug-20. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.97 per share this quarter, however they have predicted annual earnings per share of 4.69 for current year and 5.46 for next year.
Analysts have forecast the company to bring in revenue of 347.95M for the current quarter, with the likely lows of 316.24M and highs of 376.5M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.46B.
On the technical side, indicators suggest FUTU has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned FUTU a recommendation rating is 11. Out of them, 1 rate it a Hold, while 9 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Futu Holdings Ltd ADR (FUTU) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.77, which symbolizes a positive outlook. A quick review shows that FUTU’s price is currently 24.81% off the SMA20 and 52.50% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.24, and weekly volatility stands at 12.52%. When measured over the past 30 days, the indicator reaches 7.19%. Futu Holdings Ltd ADR (NASDAQ:FUTU)’s beta value is currently sitting at 0.73, while the Average True Range indicator is currently displaying 8.95. With analysts defining $27-$80.2 as the low and high price targets, we arrive at a consensus price target of $67.5 for the trailing 12-month period. The current price is about 74.93% off the estimated low and 25.52% off the forecast high, based on this estimate. Investors will be thrilled if FUTU’s share price rises to $67.5, which is the median consensus price. At that level, FUTU’s share price would be 37.31% above current price.
To see how Futu Holdings Ltd ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: FUTU stock’s performance was -3.92% at last check in today’s session, and 82.61% in the past year. Futu Holdings Ltd ADR has a P/E ratio of 27.80.
An evaluation of the daily trading volume of Futu Holdings Ltd ADR (NASDAQ:FUTU) indicates that the 3-month average is 3.15 million. However, this figure has increased over the past 10 days to an average of 13.62.
Currently, records show that 93.35 million of the company’s shares remain outstanding. The insiders hold 6.60% of outstanding shares, whereas institutions hold 29.96%. The stats also highlight that short interest as of 2024-09-13, stood at 4.31 million shares, resulting in a short ratio of 3.33 at that time. From this, we can conclude that short interest is 778.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were up slightly from the previous month’s figure, which was 4.28 million. However, since the stock’s price has seen 97.12% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
