While Futu Holdings Ltd ADR has underperformed by -3.86%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FUTU rose by 54.49%, with highs and lows ranging from $130.50 to $43.61, whereas the simple moving average jumped by 36.45% in the last 200 days.
On May 28, 2024, JP Morgan Upgraded Futu Holdings Ltd ADR (NASDAQ: FUTU) to Overweight. A report published by CLSA on March 18, 2024, Upgraded its rating to ‘Outperform’ for FUTU. JP Morgan also Downgraded FUTU shares as ‘Neutral’, setting a target price of $62 on the company’s shares in a report dated March 15, 2024. UBS January 05, 2024d its ‘Neutral’ rating to ‘Buy’ for FUTU, as published in its report on January 05, 2024. Morgan Stanley’s report from January 04, 2024 suggests a price prediction of $50 for FUTU shares, giving the stock a ‘Equal-Weight’ rating. BofA Securities also rated the stock as ‘Buy’.
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Analysis of Futu Holdings Ltd ADR (FUTU)
Further, the quarter-over-quarter increase in sales is 26.26%, showing a positive trend in the upcoming months.
Futu Holdings Ltd ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 17.11% is sufficient for you to turn a profit off your investment.
The average volume for any stock is also a very valuable indicator of volatility, and FUTU has an average volume of 3.90M. On a monthly basis, the volatility of the stock is set at 8.65%, whereas on a weekly basis, it is put at 4.83%, with a loss of -6.77% over the past seven days. Furthermore, long-term investors anticipate a median target price of $108.32, showing growth from the present price of $88.80, which can serve as yet another indication of whether FUTU is worth investing in or should be passed over.
How Do You Analyze Futu Holdings Ltd ADR Shares?
Capital Markets giant Futu Holdings Ltd ADR (FUTU) is based in the Hong Kong and is one of the largest companies in the market. When comparing Futu Holdings Ltd ADR shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 22.93, there is a growth in quarterly earnings of 8.68%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.89% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FUTU shares are owned by institutional investors to the tune of 29.89% at present.
