Futu Holdings Ltd ADR (NASDAQ: FUTU) is 5.58% higher on its value in year-to-date trading and has touched a low of $35.91 and a high of $67.49 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 $56.53 in the last trading session, with the day’s gains setting it 1.15%.
Currently trading at $57.68, the stock is 3.86% and 12.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 2.03% at the moment leaves the stock 9.81% off its SMA200. FUTU registered 30.88% gain for a year compared to 6-month loss of -2.04%. The firm has a 50-day simple moving average (SMA 50) of $0.78 and a 200-day simple moving average (SMA200) of $1.52.
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The stock witnessed a 15.92% gain in the last 1 month and extending the period to 3 months gives it a 11.57%, and is -11.80% down 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 5.52% over the week and 4.03% over the month.
Futu Holdings Ltd ADR (FUTU) has around 2784 employees, a market worth around $5.31B and $1.28B in sales. Current P/E ratio is 14.75 and Fwd P/E is 11.73. Profit margin for the company is 42.77%. Distance from 52-week low is 60.62% and -14.54% from its 52-week high. The company has generated returns on investments over the last 12 months (17.29%).
Futu Holdings Ltd ADR quarterly earnings per share for the current quarter are estimated at $0.87 with sales reaching $301.42M over the same period.The EPS is expected to grow by 10.62% this year, but quarterly earnings will post 7.10% year-over-year. Quarterly sales are estimated to grow 17.10% in year-over-year returns.
376 institutions hold shares in Futu Holdings Ltd ADR (FUTU), with institutional investors hold 36.19% of the company’s shares. The shares outstanding are 92.09M, and float is at 89.25M with Short Float at 4.15%. Institutions hold 30.25% of the Float.
The top institutional shareholder in the company is Morgan Stanley with over 4.83 million shares valued at $191.78 million. The investor’s holdings represent 5.26% of the FUTU Shares outstanding. As of Jun 29, 2023, the second largest holder is Aspex Management (HK) Ltd with 4.52 million shares valued at $179.64 million to account for 4.93% of the shares outstanding. The other top investors are Goldman Sachs Group Inc which holds 3.41 million shares representing 3.72% and valued at over $135.46 million, while Blackrock Inc. holds 2.99% of the shares totaling 2.74 million with a market value of $108.78 million.
