Futu Holdings Ltd ADR (NASDAQ:FUTU) has a beta value of 0.74 and has seen 6.13 million shares traded in the last trading session. The company, currently valued at $10.38B, closed the last trade at $111.02 per share which meant it gained $3.85 on the day or 3.59% during that session. The FUTU stock price is -17.55% off its 52-week high price of $130.50 and 60.72% above the 52-week low of $43.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.36 million shares traded. The 3-month trading volume is 3.39 million shares.
The consensus among analysts is that Futu Holdings Ltd ADR (FUTU) is Buy stock at the moment, with a recommendation rating of 1.25. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 11 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.97.
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Futu Holdings Ltd ADR (NASDAQ:FUTU) trade information
Sporting 3.59% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FUTU stock price touched $111.02 or saw a rise of 14.93%. Year-to-date, Futu Holdings Ltd ADR shares have moved 103.22%, while the 5-day performance has seen it change -13.25%. Over the past 30 days, the shares of Futu Holdings Ltd ADR (NASDAQ:FUTU) have changed 94.91%. Short interest in the company has seen 5.36 million shares shorted with days to cover at 1.8.
Wall Street analysts have a consensus price target for the stock at $67.5, which means that the shares’ value could drop -64.47% from current levels. The projected low price target is $27.0 while the price target rests at a high of $80.2. In that case, then, we find that the current price level is 27.76% off the targeted high while a plunge would see the stock lose 75.68% from current levels.
Futu Holdings Ltd ADR (FUTU) estimates and forecasts
Figures show that Futu Holdings Ltd ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 93.11% over the past 6 months, with this year growth rate of 9.18%, compared to 18.40% for the industry. Revenue growth from the last financial year stood is estimated to be 13.70%.
3 analysts offering their estimates for the company have set an average revenue estimate of 347.76M for the current quarter. 2 have an estimated revenue figure of 354.46M for the next ending quarter. Year-ago sales stood 338.85M and 303.55M respectively for this quarter and the next, and analysts expect sales will grow by 2.60% for the current quarter and 13.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 157.52% over the past 5 years. Earnings growth for 2024 is a modest 20.21% while over the next 5 years, the company’s earnings are expected to increase by 15.70%.
FUTU Dividends
Futu Holdings Ltd ADR is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Futu Holdings Ltd ADR (NASDAQ:FUTU)’s Major holders
The top two institutional holders are ASPEX MANAGEMENT (HK) LTD with over 4.44 million shares worth more than $291.6 million. As of 2024-06-30, ASPEX MANAGEMENT (HK) LTD held 3.224% of shares outstanding.
The other major institutional holder is MORGAN STANLEY, with the holding of over 3.7 million shares as of 2024-06-30. The firm’s total holdings are worth over $242.86 million and represent 2.6851% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core MSCI EAFE ETF and iShares MSCI Eafe ETF . As of Aug 31, 2024 , the former fund manager holds about 0.40% shares in the company for having 363.21 shares of worth $40.32 million while later fund manager owns 188.17 shares of worth $20.89 million as of Aug 31, 2024 , which makes it owner of about 0.21% of company’s outstanding stock.
