With 2.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.04 million shares. The 52-week range on FUTU shows that it touched its highest point at $130.88 and its lowest point at $50.61 during that stretch. It currently has a 1-year price target of $137.51. Beta for the stock currently stands at 0.59.
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 5.12%, but this was up by 33.64% over a month. Three-month performance dropped to -11.69% while six-month performance rose 18.38%. The stock gained 49.78% in the past year, while it has gained 34.49% so far this year. A look at the trailing 12-month EPS for FUTU yields 4.99 with Next year EPS estimates of 8.10. For the next quarter, that number is 1.82. This implies an EPS growth rate of 30.44% for this year and 17.62% for next year. EPS is expected to grow by 21.37% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 95.25%.
Float and Shares Shorts:
At present, 112.76 million FUTU shares are outstanding with a float of 90.87 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 $40.9909 being high and $35.32873 being low. For FUTU, this leads to a yearly average estimate of $38.35919. Based on analyst estimates, the high estimate for the next quarter is $12.67 and the low estimate is $12.67. The average estimate for the next quarter is thus $12.67.
