In today’s recent session, 1.17 million shares of the Futu Holdings Ltd ADR (NASDAQ:FUTU) have been traded, and its beta is 0.64. Most recently the company’s share price was $116.36, and it changed around $8.18 or 7.56% from the last close, which brings the market valuation of the company to $10.88B. FUTU at last check was trading at a discount to its 52-week high of $130.88, offering almost -12.48% off that amount. The share price’s 52-week low was $50.61, which indicates that the recent value has risen by an impressive 56.51% since then.
Futu Holdings Ltd ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.35. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 2 recommended FUTU as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Futu Holdings Ltd ADR is expected to report earnings per share of 13.3 for the current quarter.
Futu Holdings Ltd ADR (NASDAQ:FUTU) trade information
Instantly FUTU has been showing a green trend so far today with a performance of 7.56% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 116.40 on recent trading dayincreased the stock’s daily price by 0.03%. The company’s shares are currently up 45.46% year-to-date, but still up 2.07% over the last five days. On the other hand, Futu Holdings Ltd ADR (NASDAQ:FUTU) is 25.19% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $112.1, which translates to bulls needing to decrease their stock price by -3.8% from its current value. Analyst projections state that FUTU is forecast to be at a low of $108 and a high of $118.4.
Futu Holdings Ltd ADR (FUTU) estimates and forecasts
The year-over-year growth rate is expected to be 27.66%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 3.85B in revenue for the current quarter. 2 analysts expect Futu Holdings Ltd ADR to make 3.79B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.37B and 2.59B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 62.37%. Forecasts for the next quarter put sales growth at 46.37%.
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 25.29% in 2025, but the outlook is positive 24.41% per year for the next five years.
Futu Holdings Ltd ADR (NASDAQ:FUTU)’s Major holders
MORGAN STANLEY, with 2.6851% or 3.7 million shares worth $242.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Price (T.Rowe) Emerging Markets Discovery Stock Trust and Price (T.Rowe) Emerging Markets Discovery Stock Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 907.4 shares worth $107.22 million, making up 0.97% of all outstanding shares. On the other hand, Price (T.Rowe) Emerging Markets Discovery Stock Fund held roughly 355.4 shares worth around $41.99 million, which represents about 0.38% of the total shares outstanding.
