Futu Holdings Ltd ADR [NASDAQ: FUTU] surged by $2.05 during the normal trading session on while it closed the day at $63.98.
Futu Holdings Ltd ADR stock has also gained 17.76% of its value over the past 7 days. However, FUTU stock has inclined by 30.28% in the 3 months of the year. Over the past six months meanwhile, it has gained 11.31% and gained 17.12% year-on date.
The market cap for FUTU stock reached $5.89 billion, with 92.09 million shares outstanding and 89.25 million shares in the current float. Compared to the average trading volume of 1.32M shares, FUTU reached a trading volume of 2867221 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Futu Holdings Ltd ADR [FUTU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FUTU shares is $69.95 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 1.42. 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 Ltd ADR shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 18, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $64 to $62. The new note on the price target was released on March 15, 2024, representing the official price target for Futu Holdings Ltd ADR stock. Previously, the target price had yet another raise to $64, while JP Morgan analysts kept a Overweight rating on FUTU stock.
The Average True Range (ATR) for Futu Holdings Ltd ADR is set at 2.39, with the Price to Sales ratio for FUTU stock in the period of the last 12 months amounting to 4.61. The Price to Book ratio for the last quarter was 2.97, with the Price to Cash per share for the same quarter was set at 72.91.
FUTU stock trade performance evaluation
Futu Holdings Ltd ADR [FUTU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.76. With this latest performance, FUTU shares gained by 17.94% in over the last four-week period, additionally plugging by 11.31% over the last 6 months – not to mention a rise of 44.95% 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 67.89, with the RSI for the last a single of trading hit 74.46, and the three-weeks RSI is set at 64.05 for Futu Holdings Ltd ADR [FUTU]. The present Moving Average for the last 50 days of trading for this stock 55.51, while it was recorded at 58.22 for the last single week of trading, and 54.53 for the last 200 days.
Earnings per share (EPS) analysis for Futu Holdings Ltd ADR [FUTU] stock
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 Ltd ADR go to 13.91%.
Futu Holdings Ltd ADR [FUTU]: Institutional Ownership
The top three institutional holders of FUTU stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in FUTU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in FUTU stock with ownership which is approximately 5.8386%.
