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After finishing at $61.52 in the prior trading day, Futu Holdings Ltd ADR (NASDAQ: FUTU) closed at $58.99, down -4.11%. In other words, the price has decreased by -$4.11 from its previous closing price. On the day, 1.45 million shares were traded. FUTU stock price reached its highest trading level at $60.9 during the session, while it also had its lowest trading level at $58.34.
Ratios:
Our goal is to gain a better understanding of FUTU by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.22 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, JP Morgan on May 28, 2024, Upgraded its rating to Overweight and sets its target price to $92 from $62 previously.
On March 18, 2024, CLSA Upgraded its rating to Outperform which previously was Underperform and also upped its target price recommendation from $50 to $65.
JP Morgan Downgraded its Overweight to Neutral on March 15, 2024, whereas the target price for the stock was revised from $64 to $62.
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 8136078336 and an Enterprise Value of 10150438912. As of this moment, Futu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.23, and their Forward P/E ratio for the next fiscal year is 11.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.01 while its Price-to-Book (P/B) ratio in mrq is 2.36. Its current Enterprise Value per Revenue stands at 1.069.
Stock Price History:
Over the past 52 weeks, FUTU has reached a high of $81.86, while it has fallen to a 52-week low of $43.61. The 50-Day Moving Average of the stock is -7.09%, while the 200-Day Moving Average is calculated to be -0.94%.
Shares Statistics:
The stock has traded on average 1.24M shares per day over the past 3-months and 1418950 shares per day over the last 10 days, according to various share statistics. A total of 93.35M shares are outstanding, with a floating share count of 87.18M. Insiders hold about 6.60% of the company’s shares, while institutions hold 29.65% stake in the company. Shares short for FUTU as of 1723680000 were 4280360 with a Short Ratio of 3.45, compared to 1721001600 on 3837219. Therefore, it implies a Short% of Shares Outstanding of 4280360 and a Short% of Float of 7.7299999999999995.
