During the last session, Futu Holdings Ltd ADR (NASDAQ:FUTU)’s traded shares were 1.47 million, with the beta value of the company hitting 0.74. At the end of the trading day, the stock’s price was $85.14, reflecting an intraday loss of -4.32% or -$3.85. The 52-week high for the FUTU share is $130.50, that puts it down -53.28 from that peak though still a striking 48.78% gain since the share price plummeted to a 52-week low of $43.61. The company’s market capitalization is $7.96B, and the average intraday trading volume over the past 10 days was 3.8 million shares, and the average trade volume was 4.61 million shares over the past three months.
Futu Holdings Ltd ADR (FUTU) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.35. FUTU has a Sell rating from 1 analyst(s) out of 11 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 11.22.
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Futu Holdings Ltd ADR (NASDAQ:FUTU) trade information
Futu Holdings Ltd ADR (FUTU) registered a -4.32% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.32% in intraday trading to $85.14, hitting a weekly high. The stock’s 5-day price performance is -3.99%, and it has moved by -4.12% in 30 days. Based on these gigs, the overall price performance for the year is 41.04%. The short interest in Futu Holdings Ltd ADR (NASDAQ:FUTU) is 4.98 million shares and it means that shorts have 0.61 day(s) to cover.
The consensus price target of analysts on Wall Street is $93.5, which implies an increase of 8.94% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $27 and $118.4 respectively. As a result, FUTU is trading at a discount of -39.07% off the target high and 68.29% off the low.
Futu Holdings Ltd ADR (FUTU) estimates and forecasts
Statistics show that Futu Holdings Ltd ADR has outperformed its competitors in share price, compared to the industry in which it operates. Futu Holdings Ltd ADR (FUTU) shares have gone up 15.37% during the last six months, with a year-to-date growth rate more than the industry average at 302.81% against 18.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 77.84% this quarter and then jump 61.25% in the quarter after that. In the rating firms’ projections, revenue will increase 25.31% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.3B as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 3.73B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.37B and 2.59B respectively. In this case, analysts expect current quarter sales to grow by 39.07% and then jump by 43.73% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 157.52%. While earnings are projected to return 23.06% in 2024, the next five years will return 20.26% per annum.
FUTU Dividends
Futu Holdings Ltd ADR is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Futu Holdings Ltd ADR (NASDAQ:FUTU)’s Major holders
The next largest institutional holding, with 3.7 million shares, is of MORGAN STANLEY’s that is approximately 2.6851% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $242.86 million.
Also, the Mutual Funds coming in first place with the largest holdings of Futu Holdings Ltd ADR (FUTU) shares are iShares Core MSCI EAFE ETF and iShares MSCI Eafe ETF. Data provided on Sep 30, 2024 indicates that iShares Core MSCI EAFE ETF owns about 367.71 shares. This amounts to just over 0.39 percent of the company’s overall shares, with a $31.13 million market value. The same data shows that the other fund manager holds slightly less at 188.17, or about 0.20% of the stock, which is worth about $15.93 million.
