Futu Holdings Limited (FUTU) Analysis & Opinions from Experts

Futu Holdings Limited (NASDAQ: FUTU) is 214.71% higher on its value in year-to-date trading and has touched a low of $10.00 and a high of $204.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FUTU stock was last observed hovering at around $148.26 in the last trading session, with the day’s loss setting it -4.28% off its average median price target of $1501.42 for the next 12 months. It is also 92.73% off the consensus price target high of $1980.60 offered by 11 analysts, but current levels are 86.37% higher than the price target low of $1056.09 for the same period.

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Currently trading at $143.98, the stock is 4.30% and 2.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.99 million and changing -2.89% at the moment leaves the stock 128.45% off its SMA200. FUTU registered 1233.15% gain for a year compared to 6-month gain of 423.18%. The firm has a 50-day simple moving average (SMA 50) of $147.80 and a 200-day simple moving average (SMA200) of $76.85.

The stock witnessed a 17.06% loss in the last 1 month and extending the period to 3 months gives it a 145.66%, and is 4.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.21% over the week and 11.89% over the month.

Futu Holdings Limited (FUTU) has around 1315 employees, a market worth around $21.12B and $425.90M in sales. Current P/E ratio is 112.40 and Fwd P/E is 29.85. Profit margin for the company is 40.00%. Distance from 52-week low is 1339.80% and -29.51% from its 52-week high. The company has generated returns on investments over the last 12 months (7.00%).

Futu Holdings Limited (FUTU) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Futu Holdings Limited (FUTU) is a “Buy”. 11 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Futu Holdings Limited is expected to release its quarterly report on 08/30/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $96.73M over the same period.The EPS is expected to grow by 709.30% this year, but quarterly earnings will post 210.90% year-over-year. Quarterly sales are estimated to grow 198.10% in year-over-year returns.

Futu Holdings Limited (FUTU) Top Institutional Holders

159 institutions hold shares in Futu Holdings Limited (FUTU), with 12.71M shares held by insiders accounting for 9.37% while institutional investors hold 52.55% of the company’s shares. The shares outstanding are 137.26M, and float is at 48.60M with Short Float at 22.55%. Institutions hold 47.62% of the Float.

The top institutional shareholder in the company is ANGLEPOINT ASSET MANAGEMENT, LTD. with over 6.34 million shares valued at $289.9 million. The investor’s holdings represent 8.59% of the FUTU Shares outstanding. As of Dec 30, 2020, the second largest holder is General Atlantic, LLC with 3.29 million shares valued at $150.44 million to account for 4.46% of the shares outstanding. The other top investors are Goldman Sachs Group, Inc. which holds 2.78 million shares representing 3.77% and valued at over $127.08 million, while JP Morgan Chase & Company holds 2.08% of the shares totaling 1.53 million with a market value of $70.04 million.

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