Futu Holdings Ltd ADR (NASDAQ: FUTU) is 34.52% higher on its value in year-to-date trading and has touched a low of $46.09 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 $105.64 in the last trading session, with the day’s gains setting it 1.96%.
Currently trading at $107.60, the stock is 16.03% and 23.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.28 million and changing 1.86% at the moment leaves the stock 39.65% off its SMA200. FUTU registered 127.04% gain for a year compared to 6-month gain of 87.63%. The firm has a 50-day simple moving average (SMA 50) of $87.1297 and a 200-day simple moving average (SMA200) of $78.1943.
The stock witnessed a 38.96% loss in the last 1 month and extending the period to 3 months gives it a 13.95%, and is 15.77% 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 4.55% over the week and 4.52% over the month.
Futu Holdings Ltd ADR (FUTU) has around 3213 employees, a market worth around $10.06B and $1.48B in sales. Current P/E ratio is 26.39 and Fwd P/E is 17.21. Profit margin for the company is 38.59%. Distance from 52-week low is 133.44% and -15.60% 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 23.81% 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.
Futu Holdings Ltd ADR (FUTU) Top Institutional Holders
The shares outstanding are 93.48M, and float is at 87.85M with Short Float at 4.69%.
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.
Futu Holdings Ltd ADR (FUTU) Insider Activity
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