Futu Holdings Ltd ADR (NASDAQ: FUTU) closed the day trading at $56.11 up 1.32% from the previous closing price of $55.38. In other words, the price has increased by $+0.73 from its previous closing price. On the day, 576079 shares were traded.
Ratios:
For a better understanding of FUTU, let’s look at 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 7.73B and an Enterprise Value of 7.44B. As of this moment, Futu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.35, and their Forward P/E ratio for the next fiscal year is 11.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.04 while its Price-to-Book (P/B) ratio in mrq is 2.61. Its current Enterprise Value per Revenue stands at 0.74 whereas that against EBITDA is 1.49.
Stock Price History:
The Beta on a monthly basis for FUTU is 0.85, which has changed by 14.51% over the last 52 weeks, in comparison to a change of 26.95% 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 52.61, while the 200-Day Moving Average is calculated to be 53.24.
Shares Statistics:
Over the past 3-months, FUTU traded about 1.53M shares per day on average, while over the past 10 days, FUTU traded about 1.05M shares per day. 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 26.90% stake in the company. Shares short for FUTU as of Mar 15, 2024 were 3.25M with a Short Ratio of 2.12, compared to 4.01M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.33% and a Short% of Float of 3.11%.
Earnings Estimates
Current recommendations for the stock of the company come from 1 analysts. 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 $4.88 and $3.24 for the fiscal current year, implying an average EPS of $4.28. EPS for the following year is $4.8, with 9 analysts recommending between $5.49 and $3.
Revenue Estimates
2 analysts predict $301.19M in revenue for the current quarter. It ranges from a high estimate of $306.13M to a low estimate of $296.24M. 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 14 analysts have provided revenue estimates for FUTU’s current fiscal year. The highest revenue estimate was $1.52B, 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 7.20% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $1.54B in the next fiscal year. The high estimate is $1.7B 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.
