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The price of Futu Holdings Ltd ADR (NASDAQ: FUTU) closed at $54.33 in the last session, down -0.82% from day before closing price of $54.78. In other words, the price has decreased by -$0.82 from its previous closing price. On the day, 0.59 million shares were traded. FUTU stock price reached its highest trading level at $55.31 during the session, while it also had its lowest trading level at $54.2.
Ratios:
We take a closer look at FUTU’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.24 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, CLSA on March 18, 2024, Upgraded its rating to Outperform and sets its target price to $65 from $50 previously.
On March 15, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $64 to $62.
JP Morgan Upgraded its Neutral to Overweight on January 17, 2024, while the target price for the stock was maintained at $64.
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 7586152960 and an Enterprise Value of 16061130752. As of this moment, Futu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.90, and their Forward P/E ratio for the next fiscal year is 10.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.91 while its Price-to-Book (P/B) ratio in mrq is 2.53. Its current Enterprise Value per Revenue stands at 1.765.
Stock Price History:
The Beta on a monthly basis for FUTU is 0.85, which has changed by 0.15522003 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. 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 -0.09%, while the 200-Day Moving Average is calculated to be 0.54%.
Shares Statistics:
According to the various share statistics, FUTU traded on average about 1.42M shares per day over the past 3-months and 785420 shares per day over the past 10 days. A total of 92.09M shares are outstanding, with a floating share count of 89.24M. Insiders hold about 3.09% of the company’s shares, while institutions hold 26.44% stake in the company. Shares short for FUTU as of 1711584000 were 2748650 with a Short Ratio of 1.93, compared to 1709164800 on 3704940. Therefore, it implies a Short% of Shares Outstanding of 2748650 and a Short% of Float of 2.6300002.
