Futu Holdings Ltd ADR (NASDAQ: FUTU) closed the day trading at $64.02 up 7.69% from the previous closing price of $59.45. On the day, 2405834 shares were traded.
Ratios:
For a better understanding of FUTU, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.00.
On January 05, 2024, UBS Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $67.
Morgan Stanley Upgraded its Underweight to Equal-Weight on January 04, 2024, whereas the target price for the stock was revised from $40 to $50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FUTU now has a Market Capitalization of 8.94B and an Enterprise Value of 8.56B. As of this moment, Futu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.12, and their Forward P/E ratio for the next fiscal year is 14.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.66 while its Price-to-Book (P/B) ratio in mrq is 2.98. Its current Enterprise Value per Revenue stands at 0.86 whereas that against EBITDA is 1.68.
Stock Price History:
Over the past 52 weeks, FUTU has reached a high of $67.49, while it has fallen to a 52-week low of $35.91. The 50-Day Moving Average of the stock is 50.55, while the 200-Day Moving Average is calculated to be 52.02.
Shares Statistics:
Over the past 3-months, FUTU traded about 1.49M shares per day on average, while over the past 10 days, FUTU traded about 1.53M shares per day. A total of 92.09M shares are outstanding, with a floating share count of 89.25M. Insiders hold about 3.08% of the company’s shares, while institutions hold 26.04% stake in the company. Shares short for FUTU as of Feb 29, 2024 were 3.7M with a Short Ratio of 2.48, compared to 4.11M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.65% and a Short% of Float of 3.54%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of $0.96 for the current quarter, with a high estimate of $1.08 and a low estimate of $0.84, while EPS last year was $0.94. The consensus estimate for the next quarter is $0.81, with high estimates of $0.81 and low estimates of $0.81.
Analysts are recommending an EPS of between $4.4 and $3.13 for the fiscal current year, implying an average EPS of $4.07. EPS for the following year is $4.31, with 10 analysts recommending between $5.09 and $3.23.
Revenue Estimates
5 analysts predict $331.83M in revenue for the current quarter. It ranges from a high estimate of $372.86M to a low estimate of $292.22M. As of the current estimate, Futu Holdings Ltd ADR’s year-ago sales were $291.1M, an estimated increase of 14.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $288.48M, an increase of 12.00% less than the figure of $14.00% in the same quarter last year. There is a high estimate of $301M for the next quarter, whereas the lowest estimate is $275.96M.
A total of 16 analysts have provided revenue estimates for FUTU’s current fiscal year. The highest revenue estimate was $1.33B, while the lowest revenue estimate was $895.65M, resulting in an average revenue estimate of $1.25B. In the same quarter a year ago, actual revenue was $971.82M, up 29.00% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $1.38B in the next fiscal year. The high estimate is $1.55B and the low estimate is $919.3M. The average revenue growth estimate for next year is up 10.40% from the average revenue estimate for this year.
