NASDAQ:FUTU

Futu (FUTU) Stock Forecast, Price & News

$38.98

+0.77 (+2.02%)

(As of 06/2/2023 ET)

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Today's Range: $38.81
▼
$40.10
50-Day Range: $36.86
▼
$51.85
52-Week Range: $28.00
▼
$72.20

Volume: 2.10 million shs
Average Volume: 2.33 million shs
Market Capitalization: $5.86 billion

P/E Ratio: 12.18
Dividend Yield: N/A
Price Target: $46.18

Futu MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 18.5% Upside
$46.18 Price Target
Short Interest: Healthy
9.71% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.90
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 3.83%
From $3.39 to $3.52 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.29 out of 5 stars

Business Services Sector

107th out of 332 stocks

Security Brokers & Dealers Industry

14th out of 25 stocks

2.0

Analyst's Opinion

Consensus Rating
Futu has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 1 hold rating, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $46.18, Futu has a forecasted upside of 18.5% from its current price of $38.98.
Amount of Analyst Coverage
Futu has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
9.71% of the float of Futu has been sold short.
Short Interest Ratio / Days to Cover
Futu has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Futu has recently decreased by 7.21%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Futu does not currently pay a dividend.
Dividend Growth
Futu does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FUTU.

2.7

News and Social Media Coverage

News Sentiment
Futu has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Futu this week, compared to 6 articles on an average week.
Search Interest
14 people have searched for FUTU on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Futu to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Futu insiders have not sold or bought any company stock.
Percentage Held by Insiders
35.20% of the stock of Futu is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 19.92% of the stock of Futu is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Futu are expected to grow by 3.83% in the coming year, from $3.39 to $3.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Futu is 12.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.83.
Price to Earnings Ratio vs. Sector
The P/E ratio of Futu is 12.18, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 285.89.
Price to Earnings Growth Ratio
Futu has a PEG Ratio of 0.80. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Futu has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Futu (NASDAQ:FUTU) Stock

Futu Holdings Ltd. is an advanced technology company, which engages in providing fully digitalized financial services. It provides investing services through its proprietary digital platforms, Futubull and moomoo that allows investors to trade securities and invest in fund products. The company was founded by Leaf Hua Li in December 2007 and is headquartered in Hong Kong.

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FUTU Stock News Headlines

June 2, 2023 | benzinga.com

ROSEN, A LEADING LAW FIRM, Encourages Futu Holdings Limited Investors to Inquire About Securities Class Action Investigation – FUTU

June 2, 2023 | msn.com

Online brokerage Futu Holdings plans ‘experience stores’ in Hong Kong eyeing new clients and HSBC-like household name status

June 4, 2023 | Legacy Research (Affiliate) (Ad)

“Amazon Loophole” could hand you $28,544 in “royalty” payouts

Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.

May 27, 2023 | americanbankingnews.com

Futu (NASDAQ:FUTU) PT Raised to $32.15 at Bank of America

May 26, 2023 | finance.yahoo.com

Futu Holdings First Quarter 2023 Earnings: EPS: HK$8.54 (vs HK$3.88 in 1Q 2022)

May 26, 2023 | americanbankingnews.com

Futu (NASDAQ:FUTU) Sees Strong Trading Volume

May 26, 2023 | americanbankingnews.com

Futu (NASDAQ:FUTU) Upgraded to Outperform at Credit Suisse Group

May 25, 2023 | msn.com

Truist Securities Maintains Futu Holdings Ltd - ADR (FUTU) Underperform Recommendation

June 4, 2023 | Legacy Research (Affiliate) (Ad)

“Amazon Loophole” could hand you $28,544 in “royalty” payouts

May 25, 2023 | benzinga.com

Futu Hldgs Unusual Options Activity

May 25, 2023 | finance.yahoo.com

Q1 2023 Futu Holdings Ltd Earnings Call

May 25, 2023 | msn.com

Futu Holdings Q1 earnings beat; expands Southeast Asia presence

May 25, 2023 | markets.businessinsider.com

Bank of America Securities Sticks to Its Sell Rating for Futu Holdings (FUTU)

May 25, 2023 | markets.businessinsider.com

Jefferies Remains a Buy on Futu Holdings (FUTU)

May 24, 2023 | msn.com

Futu Holdings GAAP EPADS of $1.08 beats by $0.22, revenue of $318.5M beats by $50.73M

May 24, 2023 | finance.yahoo.com

Futu Announces First Quarter 2023 Unaudited Financial Results

May 24, 2023 | finance.yahoo.com

Futu Holdings Announces Q1 2023 Results, Revenues Up 52.3% YoY

May 24, 2023 | americanbankingnews.com

Futu Holdings Limited (NASDAQ:FUTU) Receives Average Rating of "Reduce" from Brokerages

May 23, 2023 | msn.com

Futu Holdings Q1 Earnings Preview

May 23, 2023 | msn.com

Earnings Preview: Futu Holdings

May 23, 2023 | markets.businessinsider.com

Futu A earnings preview: what Wall Street is expecting

May 23, 2023 | americanbankingnews.com

Futu (FUTU) to Release Quarterly Earnings on Wednesday

May 22, 2023 | finance.yahoo.com

To Promote Financial Literacy and Earnings Insights, Moomoo Hosts Presentations at TradersExpo and a US-Singapore Webinar

May 20, 2023 | americanbankingnews.com

Futu (NASDAQ:FUTU) Downgraded by JPMorgan Chase & Co.

May 20, 2023 | americanbankingnews.com

Morgan Stanley Lowers Futu (NASDAQ:FUTU) to Underweight

May 18, 2023 | msn.com

Morgan Stanley Downgrades Futu Holdings Ltd - ADR (FUTU)

May 18, 2023 | msn.com

Futu Holdings stock slips after J.P. Morgan downgrades to Neutral

See More Headlines

FUTU Price History

30 days | 90 days | 365 days | Advanced Chart

FUTU Company Calendar

Last Earnings: 3/28/2023
Today: 6/04/2023
Next Earnings (Estimated): 8/29/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Security brokers & dealers
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:FUTU
CUSIP: N/A
CIK: 1754581
Web: www.futuholdings.com
Phone: (522) 523-3588
Fax: N/A
Employees: 2,784
Year Founded: 2011

Price Target and Rating

Average Stock Price Forecast: $46.18
High Stock Price Forecast: $64.10
Low Stock Price Forecast: $32.15
Forecasted Upside/Downside: +18.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.20
Trailing P/E Ratio: 12.18
Forward P/E Ratio: 11.50
P/E Growth: 0.8
Net Income: $375.18 million
Net Margins: 41.87%
Pretax Margin: 48.67%
Return on Equity: 17.14%
Return on Assets: 3.47%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.25
Quick Ratio: 1.25

Sales & Book Value

Annual Sales: $975.97 million
Price / Sales: 6.01
Cash Flow: $2.54 per share
Price / Cash Flow: 15.34
Book Value: $18.82 per share
Price / Book: 2.07

Miscellaneous

Outstanding Shares: 150,380,000
Free Float: 97,446,000
Market Cap: $5.86 billion
Optionable: Optionable
Beta: 0.79

Key Executives

Leaf Hua Li
Chairman & Chief Executive Officer

Arthur Yu Chen
Chief Financial Officer

Xu Li
Senior Vice President

Jingyu Yuan
Head-Investor Relations

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

FUTU Stock - Frequently Asked Questions

Should I buy or sell Futu stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Futu in the last twelve months. There are currently 3 sell ratings, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FUTU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FUTU, but not buy additional shares or sell existing shares.
View FUTU analyst ratings or view top-rated stocks.
What is Futu's stock price forecast for 2023?: 7 brokerages have issued 12 month price objectives for Futu's stock. Their FUTU share price forecasts range from $32.15 to $64.10. On average, they predict the company's share price to reach $46.18 in the next year. This suggests a possible upside of 18.5% from the stock's current price.
View analysts price targets for FUTU or view top-rated stocks among Wall Street analysts.
How have FUTU shares performed in 2023?: Futu's stock was trading at $40.65 at the start of the year. Since then, FUTU shares have decreased by 4.1% and is now trading at $38.98.
View the best growth stocks for 2023 here.
Are investors shorting Futu?: Futu saw a decrease in short interest in May. As of May 15th, there was short interest totaling 7,850,000 shares, a decrease of 7.2% from the April 30th total of 8,460,000 shares. Based on an average trading volume of 2,050,000 shares, the short-interest ratio is presently 3.8 days. Currently, 9.7% of the company's shares are short sold.
View Futu's Short Interest.
When is Futu's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023.
View our FUTU earnings forecast.
How were Futu's earnings last quarter?: Futu Holdings Limited (NASDAQ:FUTU) announced its earnings results on Tuesday, March, 28th. The company reported $0.87 earnings per share for the quarter. The business earned $292.34 million during the quarter. Futu had a trailing twelve-month return on equity of 17.14% and a net margin of 41.87%.
What ETFs hold Futu's stock?: ETFs with the largest weight of Futu (NASDAQ:FUTU) stock in their portfolio include Amplify Digital & Online Trading ETF (BIDS), Amplify Emerging Markets FinTech ETF (EMFQ), Principal Millennial Global Growth ETF (GENY), ERShares NextGen Entrepreneurs ETF (ERSX), iShares MSCI Hong Kong ETF (EWH) and Emerging Markets Internet & Ecommerce ETF (EMQQ).iShares MSCI Pacific ex Japan ETF (EPP) and
What other stocks do shareholders of Futu own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Futu investors own include Tesla (TSLA), BorgWarner (BWA), Chegg (CHGG), Delta Air Lines (DAL), DraftKings (DKNG), General Electric (GE), Southwest Airlines (LUV), Magenta Therapeutics (MGTA) and

What is Futu's stock symbol?: Futu trades on the NASDAQ under the ticker symbol "FUTU."
Who are Futu's major shareholders?: Futu's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Aspex Management HK Ltd (3.01%), BlackRock Inc. (1.85%), Susquehanna International Group LLP (0.00%), D1 Capital Partners L.P. (1.20%), State Street Corp (0.78%) and Baillie Gifford & Co. (0.72%).
View institutional ownership trends.
How do I buy shares of Futu?: Shares of FUTU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Futu's stock price today?: One share of FUTU stock can currently be purchased for approximately $38.98.
How much money does Futu make?: Futu (NASDAQ:FUTU) has a market capitalization of $5.86 billion and generates $975.97 million in revenue each year. The company earns $375.18 million in net income (profit) each year or $3.20 on an earnings per share basis.
How many employees does Futu have?: The company employs 2,784 workers across the globe.
Does Futu have any subsidiaries?: The following companies are subsidiares of Futu: Beijing Futu Network Technology Co, Futu Network Technology (Shenzhen) Co, Futu Network Technology Limited, Futu Securities (Hong Kong) Limited, Futu Securities International (Hong Kong) Limited, Shen Si Network Technology (Beijing) Co. Ltd, and Shenzhen Futu Network Technology Co.
Read More
How can I contact Futu?: Futu's mailing address is 11/F Bangkok Bank Building No. 18 Bonham Strand W Sheung Wan, Hong Kong K3, . The official website for the company is www.futuholdings.com. The company can be reached via phone at (522) 523-3588 or via email at ir@futuholdings.com.

This page (NASDAQ:FUTU) was last updated on 6/4/2023 by MarketBeat.com Staff

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