As of close of business last night, Futu Holdings Ltd ADR’s stock clocked out at $56.53, down -0.79% from its previous closing price of $56.98. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 838908 shares were traded.
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Ratios:
To gain a deeper understanding of FUTU’s stock, we examine its different ratios. 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 7.96B and an Enterprise Value of 7.58B. As of this moment, Futu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.46, and their Forward P/E ratio for the next fiscal year is 11.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.07 while its Price-to-Book (P/B) ratio in mrq is 2.63. Its current Enterprise Value per Revenue stands at 0.76 whereas that against EBITDA is 1.48.
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 50.99, while the 200-Day Moving Average is calculated to be 52.43.
Shares Statistics:
It appears that FUTU traded 1.61M shares on average per day over the past three months and 2.43M shares per day over the past ten days. 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 26.03% stake in the company. Shares short for FUTU as of Feb 29, 2024 were 3.7M with a Short Ratio of 2.30, 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
As of right now, 1 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.87 for the current quarter, with a high estimate of $0.87 and a low estimate of $0.87, while EPS last year was $1.15. The consensus estimate for the next quarter is $0.87, with high estimates of $0.87 and low estimates of $0.87.
Analysts are recommending an EPS of between $4.87 and $3.24 for the fiscal current year, implying an average EPS of $4.34. EPS for the following year is $4.87, with 10 analysts recommending between $5.49 and $3.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $301.32M. It ranges from a high estimate of $306.27M to a low estimate of $296.38M. As of the current estimate, Futu Holdings Ltd ADR’s year-ago sales were $257.5M, an estimated increase of 17.00% from the year-ago figure.
A total of 16 analysts have provided revenue estimates for FUTU’s current fiscal year. The highest revenue estimate was $1.5B, while the lowest revenue estimate was $1.17B, resulting in an average revenue estimate of $1.37B. In the same quarter a year ago, actual revenue was $1.28B, up 7.10% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $1.54B in the next fiscal year. The high estimate is $1.8B and the low estimate is $1.23B. The average revenue growth estimate for next year is up 12.60% from the average revenue estimate for this year.
