In the current trading session, Futu Holdings Ltd ADR’s (FUTU) stock is trading at the price of $97.21, a gain of 5.00% over last night’s close. So, the stock is trading at a price that is -25.51% less than its 52-week high of $130.50 and 122.91% better than its 52-week low of $43.61. Based on the past 30-day period, the stock price is -25.52% below the high and +12.49% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, FUTU’s SMA-200 is $65.74.
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It is also essential to consider FUTU stock ratios like the price-to-sales ratio, which is 6.61 for the last year.FUTU’s price to book ratio for the most recent quarter was 3.89, resulting in an 5.70 price to cash per share for the period.
How does Futu Holdings Ltd ADR (FUTU) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 9 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.44 in simple terms.
Futu Holdings Ltd ADR (FUTU): Earnings History
If we examine Futu Holdings Ltd ADR’s recent earnings history, in the last quarter ended on 6/30/2024, it posted adjusted earnings per share of $1.19, slashing the consensus of $1.03. In other words, it topped the consensus by $0.16, resulting in a 15.50% surprise. In the 3 months period before the previous quarter which was closed on 6/30/2024, the stock recorded adjusted earnings per share of $1.19 in contrast with the Outlook of $1.03. That was a difference of $0.16 and a surprise of 15.50%.
Futu Holdings Ltd ADR (NASDAQ: FUTU) Ownership Details
I will give a breakdown of the key shareholders in Futu Holdings Ltd ADR (FUTU). Recent figures show that the company’s insiders hold 16.16% of shares. A total of 405 institutional investors hold shares in the company, making 36.38% of its stock and 43.39% of its float.
Jun 30, 2024, it was reported that the Company’s largest institutional holder is Aspex Management (HK) Ltd holding total of 4.44 shares that make 4.85% of the company’s total number of shares and are currently priced at 431.19 million.
The securities firm Morgan Stanley holds 3.7 shares of FUTU, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 4.04%, and the holding percentage of shares is valued at 359.11 million.
An overview of Futu Holdings Ltd ADR’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Futu Holdings Ltd ADR (FUTU) traded 8,493,334 shares per day, with a moving average of $103.67 and price change of +1.55. With the moving average of $80.25 and a price change of +35.69, about 4,918,236 shares changed hands on average over the past 50 days. Finally, FUTU’s 100-day average volume is 3,018,510 shares, alongside a moving average of $72.71 and a price change of +21.82.
