With 4.37 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.4 million shares. The 52-week range on FUTU shows that it touched its highest point at $130.20 and its lowest point at $48.49 during that stretch. It currently has a 1-year price target of $125.33. Beta for the stock currently stands at 0.78.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FUTU was up-trending over the past week, with a rise of 2.95%, but this was up by 36.01% over a month. Three-month performance surged to 34.63% while six-month performance rose 108.11%. The stock gained 149.72% in the past year, while it has gained 51.77% so far this year. A look at the trailing 12-month EPS for FUTU yields 4.08 with Next year EPS estimates of 6.41. For the next quarter, that number is 1.52. This implies an EPS growth rate of 24.68% for this year and 30.34% for next year. EPS is expected to grow by 24.04% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 157.52%.
Float and Shares Shorts:
At present, 93.48 million FUTU shares are outstanding with a float of 89.54 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FUTU since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $40.84812 being high and $35.20568 being low. For FUTU, this leads to a yearly average estimate of $38.22558. Based on analyst estimates, the high estimate for the next quarter is $12.45 and the low estimate is $12.45. The average estimate for the next quarter is thus $12.45.
