In the last trading session, 8.76 million shares of the Futu Holdings Limited (NASDAQ:FUTU) were traded. Most recently the company’s share price was $51.58, and it changed around $7.0 or 15.70% from the last close, which brings the market valuation of the company to $7.21B. FUTU currently trades at a discount to its 52-week high of $181.44, offering almost -251.76% off that amount. The share price’s 52-week low was $21.23, which indicates that the current value has risen by an impressive 58.84% since then. We note from Futu Holdings Limited’s average daily trading volume that its 10-day average is 4.65 million shares, with the 3-month average coming to 5.02 million.
Futu Holdings Limited (NASDAQ:FUTU) trade information
Instantly FUTU has showed a green trend with a performance of 15.70% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 52.37 on Tuesday, 06/21/22 increased the stock’s daily price by 1.51%. The company’s shares are currently up 19.12% year-to-date, but still up 24.26% over the last five days. On the other hand, Futu Holdings Limited (NASDAQ:FUTU) is 54.11% up in the 30-day period. We can see from the shorts that 9.29 million shares have been sold at a short interest cover period of 1.88 day(s).
Futu Holdings Limited (FUTU) estimates and forecasts
Futu Holdings Limited share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 31.99 percent over the past six months and at a -3.39% annual growth rate that is well below the industry average of 14.50%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 556.20% in revenue this quarter, and will report an increase of 320.00% in the next quarter. The year-over-year growth rate is expected to be 128.80%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $281.17 million in revenue for the current quarter. 1 analysts expect Futu Holdings Limited to make $281.17 million in revenue for the quarter ending Dec 2021. Forecasts for the next quarter put sales growth at 84.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 80.60%. Futu Holdings Limited earnings are expected to increase by 82.50% in 2022, but the outlook is positive 9.03% per year for the next five years.
Futu Holdings Limited’s next quarterly earnings report is expected to be released around March 14 and March 18.
Futu Holdings Limited (NASDAQ:FUTU)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.12% of Futu Holdings Limited shares, and 46.51% of them are in the hands of institutional investors. The stock currently has a share float of 51.18%. Futu Holdings Limited stock is held by 304 institutions, with Capital Research Global Investors being the largest institutional investor. By Dec 30, 2021, it held 7.47% of the shares, which is about 6.36 million shares worth $275.44 million.
Tiger Global Management, LLC, with 4.92% or 4.19 million shares worth $181.42 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
Europacific Growth Fund and New Economy Fund (The) were the top two Mutual Funds as of Dec 30, 2021. The former held 4.05 million shares worth $175.33 million, making up 4.75% of all outstanding shares. On the other hand, New Economy Fund (The) held roughly 1.07 million shares worth around $45.75 million, which represents about 1.26% of the total shares outstanding.