CLSA raised the price target for the Futu Holdings Limited (NASDAQ:FUTU) stock from “a Buy” to “an Underperform”. The rating was released on January 03, 2023, according to finviz. We previously noted in another research note published on December 30, 2022 by BofA Securities that downgraded the stock from a Buy to an Underperform with a price target of $27 for FUTU stock. The research report from Credit Suisse has downgraded the stock from Outperform to Neutral, with a price target set at $64. The stock was upgraded by JP Morgan, who disclosed in a research note on September 01, 2022, from Neutral to Overweight and set the price objective to $62. In their research brief published September 01, 2022, CLSA analysts upgraded the Futu Holdings Limited stock from Sell to Underperform with a price target of $46.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Futu Holdings Limited (NASDAQ:FUTU) dipped -3.28% to close Wednesday’s market session at $45.38, lower as compared to yesterday’s close. The stock price fluctuated between $44.845 and $46.65 throughout the trading session with the volume trading being 1268150 shares, which represented a significant variation when compared to the three months average volume of 3.34 million shares. The firm’s stock price fluctuated -6.76% within the last five trades and -4.72% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 1.59% in the last 6 months and -30.60% was subtracted to its value over the previous 3 months. FUTU stock is trading at a margin of -5.16%, -6.77% and -2.83% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, FUTU deals in the Financial domain. The stock is trading -37.15 percent below its 52-week high and 90.59 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 28.1. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Futu Holdings Limited’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 43.40 percent and the profit margin is 35.60 percent, and the company has reported a gross margin of 87.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $7.10 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Futu Holdings Limited (NASDAQ:FUTU) is 21.17. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.05. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 8.03 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.48, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 15.04 percent of Futu Holdings Limited shares are owned by insiders, and 35.40 percent are held by financial institutions.