A share price of Futu Holdings Ltd ADR [FUTU] is currently trading at $59.44, up 3.00%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FUTU shares have gain 7.33% over the last week, with a monthly amount glided 3.84%, and seem to be holding up well over a long-time horizon.
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On 3, April 2024, Futu Secures Five Consecutive Years of HKEX Awards Leading in Futures, Options, and Currency Futures Trading Volumes Among Retail Brokers. In a post published today on Yahoo Finance, Futu Holdings Limited (Nasdaq: FUTU) (“Futu” or the “Company”), a leading tech-driven digitalized brokerage and wealth management platform, is pleased to announce its subsidiaries have garnered four prestigious honours at the Hong Kong Exchange and Clearing Limited (HKEX) Awards. These accolades recognize Futu’s active trading in options and futures, currency futures, and Exchange-Traded Products(ETP), as well as the company’s position as a go-to platform for derivative data and diversified investment product trading.
From an analyst’s perspective:
Futu Holdings Ltd ADR [NASDAQ: FUTU] stock has seen the most recent analyst activity on March 18, 2024, when CLSA upgraded its rating to a Outperform and also boosted its price target to $65 from $50. Previously, JP Morgan downgraded its rating to Neutral on March 15, 2024, and dropped its price target to $62. On January 17, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $64 on the stock. UBS upgraded its rating to a Buy but stick to its price target of $67 on January 05, 2024. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $50 on January 04, 2024. BofA Securities upgraded its rating to Buy for this stock on August 28, 2023. In a note dated May 25, 2023, Credit Suisse upgraded an Outperform rating on this stock but restated the target price of $49.
Futu Holdings Ltd ADR experienced fluctuations in its stock price throughout the past year between $35.91 and $67.49. Currently, Wall Street analysts expect the stock to reach $52 within the next 12 months. Futu Holdings Ltd ADR [NASDAQ: FUTU] shares were valued at $59.44 at the most recent close of the market. An investor can expect a potential drop of -12.52% based on the average FUTU price forecast.
Analyzing the FUTU fundamentals
Trailing Twelve Months sales for Futu Holdings Ltd ADR [NASDAQ:FUTU] were 1.28B which represents 4.16% growth. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.59%, Pretax Profit Margin comes in at 0.55%, and Net Profit Margin reading is 0.46%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.2 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 58.16 points at the first support level, and at 56.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.34, and for the 2nd resistance point, it is at 61.24.
Futu Holdings Ltd ADR [FUTU] reported earnings per share of $0.87 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.96/share, meaning a difference of -$0.09 and a surprise factor of -9.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.06 per share as compared to estimates of $1 per share, a difference of $0.06 representing a surprise of 6.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.28, the price to book ratio is 2.76 and price to earnings (TTM) ratio is 15.20.
