In the last trading session, 5.94 million Futu Holdings Ltd ADR (NASDAQ:FUTU) shares changed hands as the company’s beta touched 0.74. With the company’s per share price at $93.26 changed hands at $3.55 or 3.96% during last session, the market valuation stood at $8.72B. FUTU’s last price was a discount, traded about -39.93% off its 52-week high of $130.50. The share price had its 52-week low at $43.61, which suggests the last value was 53.24% up since then. When we look at Futu Holdings Ltd ADR’s average trading volume, we note the 10-day average is 8.23 million shares, with the 3-month average coming to 3.77 million.
Analysts gave the Futu Holdings Ltd ADR (FUTU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 1 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended FUTU as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Futu Holdings Ltd ADR’s EPS for the current quarter is expected to be 0.97.
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Futu Holdings Ltd ADR (NASDAQ:FUTU) trade information
Instantly FUTU was in green as seen at the end of in last trading. With action -16.00%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 70.71%, with the 5-day performance at -16.00% in the red. However, in the 30-day time frame, Futu Holdings Ltd ADR (NASDAQ:FUTU) is 37.53% up. Looking at the short shares, we see there were 5.36 million shares sold at short interest cover period of 1.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 67.5, meaning bulls need a downside of -38.16% from its current market value. According to analyst projections, FUTU’s forecast low is 27 with 108 as the target high. To hit the forecast high, the stock’s price needs a -15.81% plunge from its current level, while the stock would need to tank 71.05% for it to hit the projected low.
Futu Holdings Ltd ADR (FUTU) estimates and forecasts
Data shows that the Futu Holdings Ltd ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 70.28% over the past 6 months, a 21.94% in annual growth rate that is considerably higher than the industry average of 19.20%. Year-over-year growth is forecast to reach 13.70% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 347.74M. 2 analysts are of the opinion that Futu Holdings Ltd ADR’s revenue for the current quarter will be 354.44M. The company’s revenue for the corresponding quarters a year ago was 338.85M and 303.55M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.60%. The estimates for the next quarter sales put growth at 16.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 157.52%. The 2024 estimates are for Futu Holdings Ltd ADR earnings to increase by 20.45%, but the outlook for the next 5-year period is at 19.98% per year.
FUTU Dividends
Futu Holdings Ltd ADR is expected to release its next quarterly earnings report in November.
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 2.6851% or 3.7 million shares worth $242.86 million as of 2024-06-30.
