Futu Holdings Ltd ADR (NASDAQ: FUTU) is 55.89% higher on its value in year-to-date trading and has touched a low of $42.61 and a high of $127.49 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 $86.18 in the last trading session, with the day’s loss setting it -2.98%.
Currently trading at $83.20, the stock is -2.22% and -7.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing -3.46% at the moment leaves the stock 16.36% off its SMA200. FUTU registered 64.72% gain for a year compared to 6-month gain of 28.70%. The firm has a 50-day simple moving average (SMA 50) of $92.7227 and a 200-day simple moving average (SMA200) of $72.95688.
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The stock witnessed a -7.73% loss in the last 1 month and extending the period to 3 months gives it a 25.59%, and is -3.12% 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 4.40% over the week and 4.63% over the month.
Futu Holdings Ltd ADR (FUTU) has around 3213 employees, a market worth around $7.78B and $1.48B in sales. Current P/E ratio is 20.41 and Fwd P/E is 13.36. Profit margin for the company is 38.59%. Distance from 52-week low is 95.28% and -34.74% from its 52-week high. The company has generated returns on investments over the last 12 months (15.45%).
The EPS is expected to grow by 23.12% this year
The shares outstanding are 93.48M, and float is at 87.86M with Short Float at 5.64%.
The top institutional shareholder in the company is ASPEX MANAGEMENT (HK) LTD with over 4.44 million shares valued at $291.6 million. The investor’s holdings represent 3.224 of the FUTU Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 3.7 million shares valued at $242.86 million to account for 2.6851 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.69 million shares representing 1.948 and valued at over $176.19 million, while GREENWOODS ASSET MANAGEMENT HONG KONG LTD. holds 1.6906 of the shares totaling 2.33 million with a market value of $152.91 million.
