Futu Holdings Ltd ADR (NASDAQ:FUTU) shares, rose in value, with the stock price down by -2.07% to the previous day’s close as strong demand from buyers drove the stock to $96.14.
Actively observing the price movement in the last trading, the stock closed the session at $98.17, falling within a range of $94.3 and $98.63. The value of beta (5-year monthly) was 0.734 whereas the PE ratio was 24.82 over 12-month period. Referring to stock’s 52-week performance, its high was $130.50, and the low was $43.61. On the whole, FUTU has fluctuated by -10.60% over the past month.
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With the market capitalization of Futu Holdings Ltd ADR currently standing at about $8.99 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-20.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.46B, with a low estimate of 316.08M and a high estimate of 376.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 347.76M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.24, with the price of FUTU currently trading nearly -6.07% and 17.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.36, while the 7-day volatility ratio is showing 4.81% which for the 30-day chart, stands at 7.69%. Furthermore, Futu Holdings Ltd ADR (FUTU)’s beta value is 0.74, and its average true range (ATR) is 6.84.
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 -2.07% in last session, and over the past year, it grew by 66.33%%.
Data on historical trading for Futu Holdings Ltd ADR (NASDAQ:FUTU) indicates that the trading volumes over the past 10 days have averaged 3.54 and over the past 3 months, they’ve averaged 4.07 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 30.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.09 million shares as on 2024-10-15, resulting in a short ratio of 0.59. According to the data, the short interest in Futu Holdings Ltd ADR (FUTU) stood at 919.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 4.31 million. The stock has risen by 75.98% 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.
