Futu Holdings Ltd ADR (NASDAQ:FUTU) does about 1.48M shares in volume on a normal day but saw 2447194 shares change hands in Monday trading. The company now has a market cap of 6.86B USD. Its current market price is $73.49, marking an increase of 2.38% compared to the previous close of $71.78. The 52 week high reached by this stock is $72.89 whilst the lowest price level in 52 weeks is $35.91.
Futu Holdings Ltd ADR (FUTU) has a 20-day trading average at $61.65 and the current price is 0.82% off the 52-week high compared with 104.64% distance from its 52-week low. The 50-day simple moving average of the closing price is $58.28 and its 200-day simple moving average is $55.39. If we look at the stock’s price movements over the week, volatility stands at 4.04%, which decreases to 3.64% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 75.44 to suggest the stock is overbought.
The consensus objective for the share price is $69.49, suggesting that the stock has a potential downside of -5.76% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 18, 2024 when CLSA upgraded the stock to “Outperform” and issued a price target of between $50 and $65. JP Morgan downgraded the stock to “Neutral” from Overweight on March 15, 2024 at a price target of $64-$62. JP Morgan upgraded its price target at $64.
Futu Holdings Ltd ADR (FUTU) stock is up 12.57% over the week and 30.11% over the past month. Its price is 34.51% year-to-date and 73.48% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -5.76 percent from here.
The company has a return on investment of 17.29% and return on equity of 18.79%. The price to earnings ratio (P/E ratio) amounts to 18.80 while the forward price to earnings ratio is 14.95. The beta has a value of 0.69. Price to book ratio is 2.18 and price to sales ratio is 5.37.
