The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Futu Holdings Ltd ADR (NASDAQ: FUTU) closed at $94.12 down -4.66% from its previous closing price of $98.72. In other words, the price has decreased by -$4.66 from its previous closing price. On the day, 1.21 million shares were traded. FUTU stock price reached its highest trading level at $96.365 during the session, while it also had its lowest trading level at $94.0206.
Ratios:
For a deeper understanding of Futu Holdings Ltd ADR’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 12981313536 and an Enterprise Value of 46907662336. As of this moment, Futu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.09, and their Forward P/E ratio for the next fiscal year is 15.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.96 while its Price-to-Book (P/B) ratio in mrq is 3.55. Its current Enterprise Value per Revenue stands at 4.94.
Stock Price History:
The Beta on a monthly basis for FUTU is 0.79, which has changed by 1.0494084 over the last 52 weeks, in comparison to a change of 0.208081 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 9.37%, while the 200-Day Moving Average is calculated to be 23.29%.
Shares Statistics:
For the past three months, FUTU has traded an average of 2.51M shares per day and 2453430 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 32.73% 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.
