CLSA lifts Futu Holdings Limited [FUTU] price estimate. Who else is bullish?

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Futu Holdings Limited [NASDAQ: FUTU] gained 16.49% on the last trading session, reaching $40.69 price per share at the time. The company report on March 18, 2022 that Futu Holdings Limited Announces Filing of Its Annual Report on Form 20-F for Fiscal Year 2021.


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Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission. The annual report can be accessed on the Company’s investor relations website at ir.futuholdings.com.

The Company will provide a copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Futu Holdings Limited, 25th Floor, Building D1, Kexing Science Park, No.15 Keyuan Road, Nanshan District, Shenzhen 518000, People’s Republic of China.

Futu Holdings Limited represents 153.71 million in outstanding shares, while the company has a total market value of $5.12 billion with the latest information. FUTU stock price has been found in the range of $35.30 to $42.90.

If compared to the average trading volume of 5.92M shares, FUTU reached a trading volume of 22886236 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Futu Holdings Limited [FUTU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FUTU shares is $74.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FUTU stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

CLSA have made an estimate for Futu Holdings Limited shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on March 14, 2022. The new note on the price target was released on October 29, 2021, representing the official price target for Futu Holdings Limited stock. Previously, the target price had yet another raise to $110, while CLSA analysts kept a Buy rating on FUTU stock.

The Average True Range (ATR) for Futu Holdings Limited is set at 4.45, with the Price to Sales ratio for FUTU stock in the period of the last 12 months amounting to 5.63. The Price to Book ratio for the last quarter was 2.27, with the Price to Cash per share for the same quarter was set at 63.38.

Trading performance analysis for FUTU stock

Futu Holdings Limited [FUTU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 58.08. With this latest performance, FUTU shares dropped by -10.85% in over the last four-week period, additionally sinking by -57.45% over the last 6 months – not to mention a drop of -69.12% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FUTU stock in for the last two-week period is set at 56.11, with the RSI for the last a single of trading hit 61.88, and the three-weeks RSI is set at 52.71 for Futu Holdings Limited [FUTU]. The present Moving Average for the last 50 days of trading for this stock 40.49, while it was recorded at 32.58 for the last single week of trading, and 79.35 for the last 200 days.

Futu Holdings Limited [FUTU]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Futu Holdings Limited [FUTU] shares currently have an operating margin of +44.73 and a Gross Margin at +83.05. Futu Holdings Limited’s Net Margin is presently recorded at +39.50.

Return on Equity for this stock inclined to 19.21, with Return on Assets sitting at 3.25.

Futu Holdings Limited [FUTU]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FUTU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Futu Holdings Limited go to 9.03%.

An analysis of insider ownership at Futu Holdings Limited [FUTU]

There are presently around $1,498 million, or 45.20% of FUTU stock, in the hands of institutional investors. The top three institutional holders of FUTU stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 6,361,245, which is approximately 0.049% of the company’s market cap and around 8.75% of the total institutional ownership; TIGER GLOBAL MANAGEMENT LLC, holding 4,189,846 shares of the stock with an approximate value of $170.49 million in FUTU stocks shares; and ASPEX MANAGEMENT (HK) LTD, currently with $157.41 million in FUTU stock with ownership of nearly New of the company’s market capitalization.

Positions in Futu Holdings Limited stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 87 institutional holders increased their position in Futu Holdings Limited [NASDAQ:FUTU] by around 11,323,133 shares. Additionally, 125 investors decreased positions by around 14,442,763 shares, while 26 investors held positions by with 11,042,966 shares. The mentioned changes placed institutional holdings at 36,808,862 shares, according to the latest SEC report filing. FUTU stock had 27 new institutional investments in for a total of 6,409,732 shares, while 61 institutional investors sold positions of 3,250,187 shares during the same period.

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