Currently, there are 93.48M common shares owned by the public and among those 87.86M shares have been available to trade.
The company’s stock has a 5-day price change of 17.67% and 71.79% over the past three months. FUTU shares are trading 83.77% year to date (YTD), with the 12-month market performance up to 96.23% higher. It has a 12-month low price of $42.61 and touched a high of $127.49 over the same period. FUTU has an average intraday trading volume of 4.87 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.19%, 4.08%, and 39.40% respectively.
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Institutional ownership of Futu Holdings Ltd ADR (NASDAQ: FUTU) shares accounts for 32.85% of the company’s 93.48M shares outstanding.
It has a market capitalization of $9.17B and a beta (3y monthly) value of 0.72. The stock’s trailing 12-month PE ratio is 24.06, while the earnings-per-share (ttm) stands at $4.08. The company has a PEG of 1.18 and the debt-to-equity ratio at 0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.71% over the week and 4.86% over the month.
Earnings per share for the fiscal year are expected to increase by 22.98%, and 28.30% over the next financial year. EPS should shrink at an annualized rate of 20.39% over the next five years, compared to 157.52% over the past 5-year period.
Looking at the support for the FUTU, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on November 19, 2024, with the firm’s price target at $79-$95. Morgan Stanley coverage for the Futu Holdings Ltd ADR (FUTU) stock in a research note released on November 18, 2024 offered a Overweight rating with a price target of $115. JP Morgan was of a view on May 28, 2024 that the stock is Overweight, while CLSA gave the stock Outperform rating on March 18, 2024, issuing a price target of $50- $65. JP Morgan on their part issued Neutral rating on March 15, 2024.
