Volatility Is Your Friend: Futu Holdings Ltd ADR (FUTU) Is Hot Again

Futu Holdings Ltd ADR (NASDAQ:FUTU) does about 1.60M shares in volume on a normal day but saw 1876842 shares change hands in Monday trading. The company now has a market cap of 6.13B USD. Its current market price is $65.65, marking a decrease of -7.40% compared to the previous close of $70.90. The 52 week high reached by this stock is $81.86 whilst the lowest price level in 52 weeks is $39.42.

Futu Holdings Ltd ADR (FUTU) has a 20-day trading average at $69.15 and the current price is -19.80% off the 52-week high compared with 66.54% distance from its 52-week low. The 50-day simple moving average of the closing price is $71.30 and its 200-day simple moving average is $58.92. If we look at the stock’s price movements over the week, volatility stands at 5.59%, which decreases to 3.77% 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 42.04 to suggest the stock is neutral.

The consensus objective for the share price is $86.65, suggesting that the stock has a potential upside of 24.24% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 28, 2024 when JP Morgan upgraded the stock to “Overweight” and issued a price target of between $62 and $92. CLSA also upgraded the stock to “Outperform” from Underperform on March 18, 2024 at a price target of $50-$65. JP Morgan downgraded its price target at $64-$62.

Futu Holdings Ltd ADR (FUTU) stock is up 0.07% over the week and -12.91% over the past month. Its price is 20.17% year-to-date and 64.83% over the past year.

To reach the target analysts have set, the stock logically needs to grow 24.24 percent from here.

The company has a return on investment of 16.02% and return on equity of 17.27%. The price to earnings ratio (P/E ratio) amounts to 17.35 while the forward price to earnings ratio is 12.55. The beta has a value of 0.73. Price to book ratio is 2.76 and price to sales ratio is 4.75.