Futu Holdings Limited (NASDAQ:FUTU) currently has a daily average trading volume of 1.17M but it saw 7211654 shares traded on Wednesday. With a market cap of 4.10B USDstock’s current market price of $32.22 came falling about -8.98 while comparing to the previous closing price of $35.40. In past 52 weeks, the stock remained buoying in the range of price level as high as $40.99 and as low as $8.16. In the recent trading on the day, stock has struck highest price mark of $34.05 while lowest mark touched by it was $32.12.
Taking a look at 20-day trading activity of Futu Holdings Limited (FUTU) gives us an average price of $33.73, while its current price level is -21.40% below from 52-week high level whereas it is 294.85% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $28.85 while that of 200 days or SMA-200 reads an average of $15.83. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.42% during that period while stretching the period over a month that decreases to 7.41%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 50.09 which implies that the stock is in neutral territory.
Futu Holdings Limited (FUTU)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $100.77 and $349.54 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $100.77 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $349.54. Average price target assigned by them is $268.47 which highlights an upside potential of 88.0% for the stock over that period. And to attain the median price target of $279.79 assigned by those analysts, stock has to add about 88.48% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, FUTU’s stock price is moving -9.39% down while it is 8.45% when we observe its performance for the past one month. Year-to-date it is 212.21% up and over the past year, the stock is showing an upside performance of 193.44%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2020, when its quarterly earnings per share (EPS) of $0.25 beat the consensus estimate of $0.1 for the same. The company is expected to be releasing its next quarterly report in 11/20/2020, for which analysts forecasted an EPS of $0.07 while estimate for next year EPS is $0.76. For FUTU, analysts are forecasting an EPS-growth rate of 280.00% for current year and estimate for EPS growth in next year is 57.90%. In next quarter, company is expected to be making quarterly sales of $61.03 million as analysts are expecting the sales for current fiscal year at $295.2 million and seeing the company making $414.5 million in sales next year. Moreover, analysts are in estimates of $59.77 million for current-quarter revenue.
Currently, Futu Holdings Limited’s total number of outstanding shares is 125.46M with 1.16% of that held by the insiders while 9.91% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.40% and return on equity (ROE) at 9.90%. It has a price to earnings ratio (P/E ratio) of 124.88 while having a 28.26 of forward P/E ratio. Stock has a price to book (P/B) ratio of 11.59 while price to sale or P/S ratio amounts to 24.13. Its return on asset (ROA) is 1.20% on average.
A filing at the U.S. Securities and Exchange Commission revealed that EMQQ Emerging Markets Internet & came shrinking its share ownership by 1.18% in the Futu Holdings Limited (FUTU) increasing its stake to 0.10% with control over 664.0 shares in the company. As per SEC documents, EMQQ Emerging Markets Internet & shunned 56,965 of company’s common stock of worth $1.96 million as per recent closing price of the stock. EMQQ Emerging Markets Internet & is not the only institutional holder which restructured its stake in Futu Holdings Limited, as Innovator IBD 50 ETF dumped 33,135 shares of worth $1.14 million to bring its holdings to a total of 0.0 shares. In the most recent quarter, Global X ETF Series – China Cloud came rising its stake by 2.24% in the company and now holds 24873.0 or 0.04% of the company’s stake having worth of about 0.85 million.