In the latest trading session, 0.81 million Futu Holdings Ltd ADR (NASDAQ:FUTU) shares changed hands as the company’s beta touched 0.77. With the company’s most recent per share price at $105.86 changed hands at -$4.42 or -4.01% at last look, the market valuation stands at $9.90B. FUTU’s current price is a discount, trading about -23.63% off its 52-week high of $130.88. The share price had its 52-week low at $48.92, which suggests the last value was 53.79% up since then.
Analysts gave the Futu Holdings Ltd ADR (FUTU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.35. 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 13.3.
Futu Holdings Ltd ADR (NASDAQ:FUTU) trade information
Instantly FUTU was in red as seen in intraday trades today. With action -14.33%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 32.34%, with the 5-day performance at -14.33% in the red. However, in the 30-day time frame, Futu Holdings Ltd ADR (NASDAQ:FUTU) is 9.00% up.
The consensus price target for the stock as assigned by Wall Street analysts is 112.1, meaning bulls need an upside of 5.57% from its recent market value. According to analyst projections, FUTU’s forecast low is 108 with 118.4 as the target high. To hit the forecast high, the stock’s price needs a -11.85% plunge from its current level, while the stock would need to soar -2.02% for it to hit the projected low.
Futu Holdings Ltd ADR (FUTU) estimates and forecasts
Year-over-year growth is forecast to reach 27.20% 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 3.85B. 2 analysts are of the opinion that Futu Holdings Ltd ADR’s revenue for the current quarter will be 3.79B. The company’s revenue for the corresponding quarters a year ago was 2.37B and 2.59B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 62.37%. The estimates for the next quarter sales put growth at 46.37%.
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 2025 estimates are for Futu Holdings Ltd ADR earnings to increase by 24.63%, but the outlook for the next 5-year period is at 24.03% per year.
Futu Holdings Ltd ADR (NASDAQ:FUTU)’s Major holders
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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Price (T.Rowe) Emerging Markets Discovery Stock Trust and Price (T.Rowe) Emerging Markets Discovery Stock Fund. With 907.4 shares estimated at $95.47 million under it, the former controlled 0.97% of total outstanding shares. On the other hand, Price (T.Rowe) Emerging Markets Discovery Stock Fund held about 0.38% of the shares, roughly 355.4 shares worth around $37.39 million.
