Futu Holdings Ltd ADR (NASDAQ: FUTU) is -3.20% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FUTU stock was last observed hovering at around $79.57 in the last trading session, with the day’s loss setting it -2.14%.
Currently trading at $77.43, the stock is -6.97% and -11.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -2.69% at the moment leaves the stock 5.81% off its SMA200. FUTU registered 55.62% gain for a year compared to 6-month gain of 14.10%. The firm has a 50-day simple moving average (SMA 50) of $88.5296 and a 200-day simple moving average (SMA200) of $74.56945.
The stock witnessed a -7.01% loss in the last 1 month and extending the period to 3 months gives it a -29.29%, and is -3.20% 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 3.68% over the week and 4.21% over the month.
Futu Holdings Ltd ADR (FUTU) has around 3213 employees, a market worth around $7.24B and $1.48B in sales. Current P/E ratio is 18.99 and Fwd P/E is 12.42. Profit margin for the company is 38.59%. Distance from 52-week low is 81.74% and -39.27% from its 52-week high. The company has generated returns on investments over the last 12 months (15.45%).
with sales reaching $3.3B over the same period.The EPS is expected to grow by 23.32% this year, but quarterly earnings will post 25.44% year-over-year. Quarterly sales are estimated to grow 39.07% in year-over-year returns.
The shares outstanding are 93.48M, and float is at 87.86M with Short Float at 5.08%.
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.
