Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Futu Holdings Ltd ADR (NASDAQ: FUTU) was $101.68 for the day, down -1.15% from the previous closing price of $102.86. In other words, the price has decreased by -$1.15 from its previous closing price. On the day, 1.64 million shares were traded.
Ratios:
Our analysis of FUTU’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.31 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, 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
As of this moment, Futu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.39, and their Forward P/E ratio for the next fiscal year is 12.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.53 while its Price-to-Book (P/B) ratio in mrq is 3.18.
Stock Price History:
Over the past 52 weeks, FUTU has reached a high of $130.88, while it has fallen to a 52-week low of $50.61. The 50-Day Moving Average of the stock is 2.37%, while the 200-Day Moving Average is calculated to be 16.81%.
Shares Statistics:
A total of 112.76M shares are outstanding, with a floating share count of 90.78M. Insiders hold about 4.22% of the company’s shares, while institutions hold 36.46% stake in the company.
