Futu Holdings Ltd ADR (NASDAQ: FUTU) Stock: Does It Mean Opportunity?

In the last trading session, 3.99 million shares of the Futu Holdings Ltd ADR (NASDAQ:FUTU) were traded, and its beta was 0.74. Most recently the company’s share price was $98.17, and it changed around $1.29 or 1.33% from the last close, which brings the market valuation of the company to $9.18B. FUTU currently trades at a discount to its 52-week high of $130.50, offering almost -32.93% off that amount. The share price’s 52-week low was $43.61, which indicates that the current value has risen by an impressive 55.58% since then. We note from Futu Holdings Ltd ADR’s average daily trading volume that its 10-day average is 3.66 million shares, with the 3-month average coming to 4.02 million.

Futu Holdings Ltd ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.25. If we narrow it down even further, the data shows that 0 out of 18 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 2 recommended FUTU as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Futu Holdings Ltd ADR is expected to report earnings per share of 0.97 for the current quarter.

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Futu Holdings Ltd ADR (NASDAQ:FUTU) trade information

Instantly FUTU has showed a green trend with a performance of 1.33% 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 100.18 on recent trading dayincreased the stock’s daily price by 2.01%. The company’s shares are currently up 79.70% year-to-date, but still up 6.28% over the last five days. On the other hand, Futu Holdings Ltd ADR (NASDAQ:FUTU) is 2.63% up in the 30-day period. We can see from the shorts that 5.09 million shares have been sold at a short interest cover period of 0.59 day(s).

The consensus price target as assigned by Wall Street analysts is $67.5, which translates to bulls needing to decrease their stock price by -45.44% from its current value. Analyst projections state that FUTU is forecast to be at a low of $27 and a high of $108.

Futu Holdings Ltd ADR (FUTU) estimates and forecasts

Futu Holdings Ltd ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 52.65 percent over the past six months and at a 22.45% annual growth rate that is well above the industry average of 18.80%. The year-over-year growth rate is expected to be 13.70%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 347.73M in revenue for the current quarter. 2 analysts expect Futu Holdings Ltd ADR to make 354.43M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 338.85M and 303.55M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.60%. Forecasts for the next quarter put sales growth at 16.80%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 157.52%. Futu Holdings Ltd ADR earnings are expected to increase by 20.63% in 2024, but the outlook is positive 19.98% per year for the next five years.