Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Futu Holdings Ltd ADR (NASDAQ: FUTU) closed the day trading at $80.63 up 1.47% from the previous closing price of $79.46. In other words, the price has increased by $1.47 from its previous closing price. On the day, 1.08 million shares were traded. FUTU stock price reached its highest trading level at $81.58 during the session, while it also had its lowest trading level at $78.93.
Ratios:
For a better understanding of FUTU, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.01.
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, Citigroup on November 19, 2024, Downgraded its rating to Neutral and sets its target price to $95 from $79 previously.
On November 18, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $70 to $115.
JP Morgan Upgraded its Neutral to Overweight on May 28, 2024, whereas the target price for the stock was revised from $62 to $92.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 09 ’24 when XU LI bought 144,311 shares for $83.27 per share.
Huang River Investment Limited bought 20,645,160 shares of FUTU for $200,000,000 on Sep 26 ’24.
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 11120732160 and an Enterprise Value of 46907662336. As of this moment, Futu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.78, and their Forward P/E ratio for the next fiscal year is 12.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.11 while its Price-to-Book (P/B) ratio in mrq is 3.04. Its current Enterprise Value per Revenue stands at 4.94.
Stock Price History:
Over the past 52 weeks, FUTU has reached a high of $127.49, while it has fallen to a 52-week low of $42.61. The 50-Day Moving Average of the stock is -7.91%, while the 200-Day Moving Average is calculated to be 10.75%.
Shares Statistics:
Over the past 3-months, FUTU traded about 4.02M shares per day on average, while over the past 10 days, FUTU traded about 1162220 shares per day. A total of 93.48M shares are outstanding, with a floating share count of 87.86M. Insiders hold about 6.01% of the company’s shares, while institutions hold 32.60% stake in the company. Shares short for FUTU as of 1730332800 were 4982200 with a Short Ratio of 1.11, compared to 1727654400 on 5356285. Therefore, it implies a Short% of Shares Outstanding of 4982200 and a Short% of Float of 9.0.
