A share price of Futu Holdings Ltd ADR [FUTU] is currently trading at $108.66, up 12.42%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FUTU shares have gain 14.39% over the last week, with a monthly amount drifted -2.04%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Futu Holdings Ltd ADR [NASDAQ: FUTU] stock has seen the most recent analyst activity on May 28, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $92 from $62. Previously, CLSA upgraded its rating to Outperform on March 18, 2024, and elevated its price target to $65. On March 15, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $62 on the stock. JP Morgan upgraded its rating to a Overweight but stick to its price target of $64 on January 17, 2024. UBS upgraded its rating to a Buy but $67 remained the price target by the analyst firm on January 05, 2024. Morgan Stanley upgraded its rating to Equal-Weight for this stock on January 04, 2024, and upped its price target to $50. In a note dated August 28, 2023, BofA Securities upgraded an Buy rating on this stock.
Futu Holdings Ltd ADR experienced fluctuations in its stock price throughout the past year between $43.61 and $130.50. Currently, Wall Street analysts expect the stock to reach $68.83 within the next 12 months. Futu Holdings Ltd ADR [NASDAQ: FUTU] shares were valued at $108.66 at the most recent close of the market. An investor can expect a potential drop of -36.66% based on the average FUTU price forecast.
Analyzing the FUTU fundamentals
Trailing Twelve Months sales for Futu Holdings Ltd ADR [NASDAQ:FUTU] were 1.37B which represents 26.26% growth. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.47%, Pretax Profit Margin comes in at 0.46%, and Net Profit Margin reading is 0.39%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.17 and Total Capital is 0.19. 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 102.35 points at the first support level, and at 96.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.43, and for the 2nd resistance point, it is at 118.19.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.39, the price to book ratio is 4.35 and price to earnings (TTM) ratio is 28.05.
Transactions by insiders
Recent insider trading involved Huang River Investment Limited, Shareholder, that happened on Sep 26 ’24 when 20.65 million shares were purchased.
