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The price of Futu Holdings Ltd ADR (NASDAQ: FUTU) closed at $112.85 in the last session, up 4.94% from day before closing price of $107.54. In other words, the price has increased by $4.94 from its previous closing price. On the day, 24.49 million shares were traded. FUTU stock price reached its highest trading level at $127.33 during the session, while it also had its lowest trading level at $106.3.
Ratios:
We take a closer look at FUTU’s different ratios to gain a better understanding of the stock. 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.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 26 ’24 when Huang River Investment Limited bought 20,645,160 shares for $9.69 per share.
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 15564611584 and an Enterprise Value of 69584363520. As of this moment, Futu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.14, and their Forward P/E ratio for the next fiscal year is 20.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.67 while its Price-to-Book (P/B) ratio in mrq is 4.51. Its current Enterprise Value per Revenue stands at 7.328.
Stock Price History:
Over the past 52 weeks, FUTU has reached a high of $108.60, while it has fallen to a 52-week low of $43.61. The 50-Day Moving Average of the stock is 77.15%, while the 200-Day Moving Average is calculated to be 85.47%.
Shares Statistics:
According to the various share statistics, FUTU traded on average about 1.92M shares per day over the past 3-months and 8548720 shares per day over the past 10 days. 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 29.67% stake in the company. Shares short for FUTU as of 1726185600 were 4307197 with a Short Ratio of 2.24, compared to 1723680000 on 4280360. Therefore, it implies a Short% of Shares Outstanding of 4307197 and a Short% of Float of 7.7800006.
