Futu Holdings Ltd ADR (NASDAQ:FUTU) shares, rose in value, with the stock price down by -4.74% to the previous day’s close as strong demand from buyers drove the stock to $102.27.
Actively observing the price movement in the recent trading, the stock is buoying the session at $107.36. The PE ratio was 17.07 over 12-month period. Referring to stock’s 52-week performance, its high was $130.88, and the low was $50.61. On the whole, FUTU has fluctuated by 10.79% over the past month.
With the market capitalization of Futu Holdings Ltd ADR currently standing at about $9.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
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 50% 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 0.75, with the price of FUTU currently trading nearly -4.18% and 4.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.78, while the 7-day volatility ratio is showing 2.40% which for the 30-day chart, stands at 2.90%. Furthermore, Futu Holdings Ltd ADR (FUTU)’s beta value is 0.60, and its average true range (ATR) is 5.88.
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 -4.74% in today’s session so far, and over the past year, it grew by 36.11%%.
Data on historical trading for Futu Holdings Ltd ADR (NASDAQ:FUTU) indicates that the trading volumes over the past 3 months, they’ve averaged 2.90 million. According to company’s latest data on outstanding shares, there are 112.76 million shares outstanding.
Nearly 4.13% of Futu Holdings Ltd ADR’s shares belong to company insiders and institutional investors own 39.23% of the company’s shares. The stock has risen by 27.85% 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.
