In yesterday’s Wall Street session, Futu Holdings Ltd ADR (NASDAQ:FUTU) shares traded at $107.54, up 12.43% from the previous session.
FUTU stock price is now 71.25% away from the 50-day moving average and 77.54% away from the 200-day moving average. The market capitalization of the company currently stands at $10.04B.
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With the price target enhanced from $62 to $92, JP Morgan Upgraded its rating from Neutral to Overweight for Futu Holdings Ltd ADR (NASDAQ: FUTU). On March 18, 2024, CLSA Upgraded its previous ‘Underperform’ rating to ‘Outperform’ on the stock increasing its target price from $50 to quote $65, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Huang River Investment Limited, Shareholder bought 20,645,160 shares of the company’s stock on Sep 26 ’24. The stock was bought for $200,000,000 at an average price of $9.69. A total of 6.60% of the company’s stock is owned by insiders.
During the past 12 months, Futu Holdings Ltd ADR has had a low of $43.61 and a high of $102.99. According to the stock market information, the enterprise value for the company is $63724834816, which is based on a 27.77 price-to-earnings ratio, a 2.00 price-to-earnings-growth ratio, and a beta of 0.73. The fifty day moving average price for FUTU is $63.7035 and a two-hundred day moving average price translates $60.845627 for the stock.
The latest earnings results from Futu Holdings Ltd ADR (NASDAQ: FUTU) was released for 2024-06-30. The net profit margin was 39.27% and return on equity was 17.11% for FUTU. The company reported revenue of $400.73 million for the quarter, compared to $317.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.37 percent.
