Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Futu Holdings Ltd ADR’s stock clocked out at $100.19, up 3.10% from its previous closing price of $97.18. In other words, the price has increased by $3.10 from its previous closing price. On the day, 2.8 million shares were traded. FUTU stock price reached its highest trading level at $103.37 during the session, while it also had its lowest trading level at $98.04.
Ratios:
To gain a deeper understanding of FUTU’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.15 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, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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:
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 13818506240 and an Enterprise Value of 46907662336. As of this moment, Futu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.58, and their Forward P/E ratio for the next fiscal year is 16.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.35 while its Price-to-Book (P/B) ratio in mrq is 3.78. Its current Enterprise Value per Revenue stands at 4.94.
Stock Price History:
The Beta on a monthly basis for FUTU is 0.76, which has changed by 1.1034632 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, FUTU has reached a high of $127.49, while it has fallen to a 52-week low of $44.11. The 50-Day Moving Average of the stock is 17.34%, while the 200-Day Moving Average is calculated to be 32.69%.
Shares Statistics:
It appears that FUTU traded 2.51M shares on average per day over the past three months and 2800410 shares per day over the past ten days. A total of 93.48M shares are outstanding, with a floating share count of 87.86M. Insiders hold about 6.01% of the company’s shares, while institutions hold 33.44% stake in the company. Shares short for FUTU as of 1730332800 were 4982200 with a Short Ratio of 1.64, compared to 1727654400 on 5356285. Therefore, it implies a Short% of Shares Outstanding of 4982200 and a Short% of Float of 9.0.
