In last trading session, Futu Holdings Ltd ADR (NASDAQ:FUTU) saw 3.37 million shares changing hands with its beta currently measuring 0.74. Company’s recent per share price level of $95.25 trading at -$0.96 or -1.00% at ring of the bell on the day assigns it a market valuation of $8.90B. That closing price of FUTU’s stock is at a discount of -37.01% from its 52-week high price of $130.50 and is indicating a premium of 54.22% from its 52-week low price of $43.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.47 million shares which gives us an average trading volume of 3.65 million if we extend that period to 3-months.
For Futu Holdings Ltd ADR (FUTU), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.25. Splitting up the data highlights that, out of 11 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.97 in the current quarter.
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Futu Holdings Ltd ADR (NASDAQ:FUTU) trade information
Upright in the red during last session for losing -1.00%, in the last five days FUTU remained trading in the red while hitting it’s week-highest on Friday, 10/11/24 when the stock touched $95.25 price level, adding 16.76% to its value on the day. Futu Holdings Ltd ADR’s shares saw a change of 74.35% in year-to-date performance and have moved -14.13% in past 5-day. Futu Holdings Ltd ADR (NASDAQ:FUTU) showed a performance of 57.78% in past 30-days. Number of shares sold short was 5.36 million shares which calculate 1.8 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 67.5 to the stock, which implies a fall of -41.11% to its current value. Analysts have been projecting 27 as a low price target for the stock while placing it at a high target of 108. It follows that stock’s current price would jump 71.65% in reaching the projected high whereas dropping to the targeted low would mean a gain of 71.65% for stock’s current value.
Futu Holdings Ltd ADR (FUTU) estimates and forecasts
Statistics highlight that Futu Holdings Ltd ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 75.32% of value to its shares in past 6 months, showing an annual growth rate of 9.18% while that of industry is 18.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 13.70% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 347.9M for the same. And 2 analysts are in estimates of company making revenue of 354.6M in the next quarter. Company posted 338.85M and 303.55M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 157.52% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 20.45% while estimates for its earnings growth in next 5 years are of 15.70%.
Futu Holdings Ltd ADR (NASDAQ:FUTU)’s Major holders
ASPEX MANAGEMENT (HK) LTD is the top institutional holder at FUTU for having 4.44 million shares of worth $291.6 million. And as of 2024-06-30, it was holding 3.224 of the company’s outstanding shares.
The second largest institutional holder is MORGAN STANLEY, which was holding about 3.7 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.6851 of outstanding shares, having a total worth of $242.86 million.
On the other hand, iShares Core MSCI EAFE ETF and iShares MSCI Eafe ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 367.71 shares of worth $35.02 million or 0.40% of the total outstanding shares. The later fund manager was in possession of 188.17 shares on Sep 30, 2024 , making its stake of worth around $17.92 million in the company or a holder of 0.21% of company’s stock.
