Closing Bell Recap: Futu Holdings Ltd ADR (FUTU) Ends at 65.65, Reflecting a -7.40 Downturn

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Futu Holdings Ltd ADR (NASDAQ: FUTU) closed the day trading at $65.65 down -7.40% from the previous closing price of $70.90. In other words, the price has decreased by -$7.40 from its previous closing price. On the day, 1.88 million shares were traded. FUTU stock price reached its highest trading level at $71.4089 during the session, while it also had its lowest trading level at $65.345.

Ratios:

For a better understanding of FUTU, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on May 28, 2024, Upgraded its rating to Overweight and sets its target price to $92 from $62 previously.

On March 18, 2024, CLSA Upgraded its rating to Outperform which previously was Underperform and also upped its target price recommendation from $50 to $65.

JP Morgan Downgraded its Overweight to Neutral on March 15, 2024, whereas the target price for the stock was revised from $64 to $62.

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 9054645248 and an Enterprise Value of 24079151104. As of this moment, Futu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.35, and their Forward P/E ratio for the next fiscal year is 12.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.75 while its Price-to-Book (P/B) ratio in mrq is 2.76. Its current Enterprise Value per Revenue stands at 2.673.

Stock Price History:

The Beta on a monthly basis for FUTU is 0.73, which has changed by 0.511976 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, FUTU has reached a high of $81.86, while it has fallen to a 52-week low of $39.42. The 50-Day Moving Average of the stock is -7.88%, while the 200-Day Moving Average is calculated to be 11.48%.

Shares Statistics:

Over the past 3-months, FUTU traded about 1.60M shares per day on average, while over the past 10 days, FUTU traded about 1304790 shares per day. A total of 93.35M shares are outstanding, with a floating share count of 87.06M. Insiders hold about 6.74% of the company’s shares, while institutions hold 24.82% stake in the company. Shares short for FUTU as of 1718323200 were 3461299 with a Short Ratio of 2.16, compared to 1715731200 on 4049983. Therefore, it implies a Short% of Shares Outstanding of 3461299 and a Short% of Float of 3.47.

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