Futu Holdings Ltd ADR [NASDAQ: FUTU] stock went on a downward path that fall over -9.53% on Tuesday, amounting to a one-week price decrease of less than -14.16%.
Over the last 12 months, FUTU stock rose by 54.23%. The one-year Futu Holdings Ltd ADR stock forecast points to a potential upside of 10.24. The average equity rating for FUTU stock is currently 1.25, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $8.99 billion, with 93.35 million shares outstanding and 87.31 million shares in the current float. Compared to the average trading volume of 3.53M shares, FUTU stock reached a trading volume of 8344200 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $107.18 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 1.25. 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.
JP Morgan have made an estimate for Futu Holdings Ltd ADR shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 28, 2024. While these analysts kept the previous recommendation, CLSA raised their target price from $50 to $65. The new note on the price target was released on March 18, 2024, representing the official price target for Futu Holdings Ltd ADR stock. Previously, the target price had yet another drop from $64 to $62, while JP Morgan kept a Neutral rating on FUTU stock.
The Average True Range (ATR) for Futu Holdings Ltd ADR is set at 9.17, with the Price to Sales ratio for FUTU stock in the period of the last 12 months amounting to 6.54. The Price to Book ratio for the last quarter was 3.85, with the Price to Cash per share for the same quarter was set at 17.05.
FUTU Stock Performance Analysis:
Futu Holdings Ltd ADR [FUTU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.16. With this latest performance, FUTU shares gained by 67.21% in over the last four-week period, additionally plugging by 75.63% over the last 6 months – not to mention a rise of 54.23% 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 52.85, with the RSI for the last a single of trading hit 45.71, and the three-weeks RSI is set at 56.05 for Futu Holdings Ltd ADR [FUTU]. The present Moving Average for the last 50 days of trading for this stock 74.38, while it was recorded at 106.33 for the last single week of trading, and 63.89 for the last 200 days.
FUTU Stock EPS
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 15.70%.
Futu Holdings Ltd ADR [FUTU] Institutonal Ownership Details
The top three institutional holders of FUTU stocks are: ASPEX MANAGEMENT (HK) LTD with ownership of 4.44 million shares, which is approximately 3.224%. MORGAN STANLEY, holding 3.7 million shares of the stock with an approximate value of $$242.86 million in FUTU stocks shares; and MORGAN STANLEY, currently with $$176.19 million in FUTU stock with ownership which is approximately 1.948%.
