Futu Holdings Ltd ADR (NASDAQ:FUTU) traded with an addition of $0.02 to close at $57.98on Friday, an upside of 0.03 percent. An average of 1,167,102 shares of common stock have been traded in the last five days. There was a fall of -$0.82 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 1,765,806 shares traded, while the 50-day average volume stands at 2,188,910.
FUTU stock has decreased by -4.45% in the last month. The company shares reached their 1-month lowest point of $56.10 on 09/21/23. With the stock rallying to its 52-week high on 09/01/23, shares of the company touched a low of $28.00 and a high of $72.20 in 52 weeks. It has reached a new high 15 times so far this year and achieved 42.63% or $17.56 in price. In spite of this, the price is down -19.70% from the 52-week high.
Valuation Metrics
Futu Holdings Ltd ADR (FUTU) has a trailing price-to-earnings (P/E) ratio of 15.91, which compares with the N/A for the broader industry. The stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.20, the price-to-book (PB) ratio at 3.01.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.21 for the quarter ending June 29. Its gross profit as reported stood at $457.46 million compared to revenue of $975.97 million.
Earnings Surprise
For the three-month period that ended June 29, Futu Holdings Ltd ADR had $317.96 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $375.18 million in the quarter, while revenues were grew 3.97%. The analyst consensus anticipated Futu Holdings Ltd ADR’s latest quarter earnings to come in at $0.88 per share, but it turned out to be $1.09, a 23.90% surprise. For the quarter, EBITDA amounted to $160.61 million. At the end of the quarter ending June 29, Futu Holdings Ltd ADR’s stock balance sheet showed total debt was $4.75 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Futu Holdings Ltd ADR (FUTU) price momentum. RSI 9-day as of the close on 28 September was 50.82%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.50%.
As of today, FUTU’s price is $57.85 -1.39% or -$0.82 from its 5-day moving average. FUTU is currently trading -2.33% lower than its 20-day SMA and +41.08% higher than its 100-day SMA. However, the stock’s current price level is +22.78% above the SMA50 and -10.98% below the SMA200.
The stochastic %K and %D were 41.36% and 33.40%, respectively, and the average true range (ATR) was 2.29. With the 14-day stochastic at 48.96% and the average true range at 2.43, the RSI (14) stands at 53.25%. The stock has reached -0.29 on the 9-day MACD Oscillator while the 14-day reading was at -0.63.
Analyst Ratings
BofA Securities upgraded Futu Holdings Ltd ADR (NASDAQ: FUTU) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Futu Holdings Ltd ADR (FUTU) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell FUTU, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 15 others rate it as a “buy”.
What is FUTU’s price target for the next 12 months?
Analysts predict a range of price targets between $312.84 and $674.66, with a median target of $519.04. Taking a look at these predictions, the average price target given by analysts for Futu Holdings Ltd ADR (FUTU) stock is $503.59.
