The stock of Futu Holdings Limited (NASDAQ:FUTU) increased by $3.94 on Monday to finish at $55.00, up 7.72 percent. The last five days have seen an average of 2,612,080 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $14.35. The average number of shares traded over the last 20 days was 2,083,770, while the average volume over the last 50 days totaled 1,999,222.
FUTU stock dropped -6.32% since last month. On 08/21/23, the company’s shares reached a one-month low of $46.66. The stock touched a high of $72.20 on 08/01/23, after rallying from a low of $28.00 in 52 weeks. The price of FUTU stock has risen by 35.30% or $14.35 this year, reaching a new high 14 times. Still, the stock price is down -23.82% from the 52-week high.
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Valuation Metrics
Futu Holdings Limited (FUTU) has a trailing price-to-earnings (P/E) ratio of 15.11. Beta for the stock is 0.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.33, the price-to-book (PB) ratio of 2.67.
Financial Health
For the three months ended June 29, Futu Holdings Limited’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 86.70% percent. Futu Holdings Limited’s operating margin stood at 51.60% for the same period. Based on annual data, it had gross profit of $457.46 million and revenue of $975.97 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FUTU’s return on assets (ROA) during the last 12 months has been 4.00%. There was a 13.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 18.80%.
Earnings Surprise
According to Futu Holdings Limited’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $975.97 million, while revenues rose by 6.53% to $0.0. It was predicted that Futu Holdings Limited’s quarterly earnings would be $1.08, but it ended up being $0.88, beating the consensus by 22.70%. EBITDA was $160.61 million for the quarter. At the end of Futu Holdings Limited’s most recent quarter ended June 29, its total debt was $4.75 billion.
Technical Picture
Here’s a quick look at Futu Holdings Limited’s (FUTU) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 68.85%, suggesting the stock is Neutral, with a 38.46% historical volatility rate.
The stochastic %K and %D were 55.79% and 34.87% respectively, while the average true range (ATR) was 2.91. Based on the 14-day stochastic reading of 93.29%, the RSI (14) reading is 62.92%. On the 9-day MACD Oscillator, the stock is at 2.08, and the 14-day reading is at 1.70.
Analyst Ratings
In its most recent analyst report, BofA Securities raised its rating on Futu Holdings Limited (NASDAQ: FUTU) to a Buy. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Futu Holdings Limited (FUTU) an Overweight rating. FUTU is a stock that is recommended for selling by 1 brokerage firm, while 3 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 15 others recommend it as a buy.
What is FUTU’s price target for the next 12 months?
The current consensus forecast for the stock is between $266.32 and $674.66, with a median target price of $519.04. In analyzing these forecasts, the average price target given by analysts for Futu Holdings Limited (FUTU) is $498.33.
