NASDAQ:FUTU

Futu (FUTU) Stock Forecast, Price & News

$57.11

-0.70 (-1.21%)

(As of 05:37 PM ET)

Compare

Today's Range: $56.40
▼
$58.42
50-Day Range: $48.14
▼
$64.19
52-Week Range: $28.00
▼
$72.20

Volume: 767,632 shs
Average Volume: 2.35 million shs
Market Capitalization: $8.59 billion

P/E Ratio: 15.65
Dividend Yield: N/A
Price Target: $51.11

Futu MarketRank™ Forecast

Analyst Rating: Hold
2.29 Rating Score
Upside/Downside: 9.9% Downside
$51.11 Price Target
Short Interest: Healthy
10.08% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.38
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 4.73%
From $4.23 to $4.43 Per Share

Overall MarketRank^™

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

1.93 out of 5 stars

Business Services Sector

221st out of 317 stocks

Security Brokers & Dealers Industry

22nd out of 25 stocks

1.1

Analyst's Opinion

Consensus Rating
Futu has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 4 buy ratings, 1 hold rating, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $51.11, Futu has a forecasted downside of 9.9% from its current price of $56.74.
Amount of Analyst Coverage
Futu has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
10.08% 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 3.86%, indicating that investor sentiment is improving.

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.

3.0

News and Social Media Coverage

News Sentiment
Futu has a news sentiment score of 1.38. 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 0.67 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Futu this week, compared to 4 articles on an average week.
Search Interest
Only 6 people have searched for FUTU on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
6 people have added Futu to their MarketBeat watchlist in the last 30 days. This is an increase of 500% 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 20.75% of the stock of Futu is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Futu are expected to grow by 4.73% in the coming year, from $4.23 to $4.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Futu is 15.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.46.
Price to Earnings Ratio vs. Sector
The P/E ratio of Futu is 15.55, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 32.13.
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 3.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Futu (NASDAQ:FUTU) Stock

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms. The company also provides financial information and online community services; online wealth management services under the brand of Money Plus through its Futubull and moomoo platforms, which give access to mutual funds, private funds, and bonds; market data and information services; and NiuNiu Community, which serves as an open forum for users and clients to share insights, ask questions, and exchange ideas. In addition, the company provides initial public offering subscription and employee share option plan solution services. Futu Holdings Limited was founded in 2007 and is based in Sheung Wan, Hong Kong.

FUTU Price History

30 days | 90 days | 365 days | Advanced Chart

FUTU Stock News Headlines

September 24, 2023 | americanbankingnews.com

Futu (NASDAQ:FUTU) Shares Gap Up to $57.09

September 20, 2023 | finance.yahoo.com

Bull of the Day: Futu Holdings Limited (FUTU)

October 2, 2023 | Behind the Markets (Ad)

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September 14, 2023 | 247wallst.com

Zacks Investment Ideas feature highlights: Alibaba, iShares China ETF, Futu, New Oriental Education

September 14, 2023 | finance.yahoo.com

Futu's Wealth Management AUM Surpasses HKD50 billion with majority of contributions from Institutional and HNW Clients

September 6, 2023 | finance.yahoo.com

Here's Why We Think Futu Holdings (NASDAQ:FUTU) Might Deserve Your Attention Today

September 4, 2023 | msn.com

Futu Charges Ahead In Singapore In Stepped-Up Global Expansion

September 3, 2023 | msn.com

Futu Holdings: Shares Surge To Fair Value, Technical Resistance In Play

October 2, 2023 | Behind the Markets (Ad)

The World's First "$20 Trillion Drug

September 2, 2023 | seekingalpha.com

Futu tops financial gainers this week, while Banco Itau Chile falls the most

August 30, 2023 | msn.com

FUTU or TRI: Which Is the Better Value Stock Right Now?

August 29, 2023 | markets.businessinsider.com

CICC Remains a Buy on Futu Holdings (FUTU)

August 29, 2023 | markets.businessinsider.com

Goldman Sachs Reaffirms Their Hold Rating on Futu Holdings (FUTU)

August 29, 2023 | investing.com

Futu jumps 9% on BofA’s double upgrade

August 29, 2023 | 247wallst.com

BofA Securities Upgrades Futu

August 29, 2023 | msn.com

5 big analyst picks: 3M earns an upgrade following $5.5B settlement reports

August 28, 2023 | msn.com

Futu Holdings stock climbs after double-upgrade at BofA

August 26, 2023 | nasdaq.com

Citigroup Maintains Futu Holdings Ltd - ADR (FUTU) Buy Recommendation

August 26, 2023 | markets.businessinsider.com

Analysts Are Bullish on Top Technology Stocks: Sea (SE), Nvidia (NVDA)

August 25, 2023 | finance.yahoo.com

Futu Holdings Limited (NASDAQ:FUTU) Q2 2023 Earnings Call Transcript

August 25, 2023 | markets.businessinsider.com

Citi Keeps Their Buy Rating on Futu Holdings (FUTU)

August 25, 2023 | markets.businessinsider.com

Bank of America Securities Reaffirms Their Sell Rating on Futu Holdings (FUTU)

August 25, 2023 | markets.businessinsider.com

Jefferies Reaffirms Their Buy Rating on Futu Holdings (FUTU)

August 24, 2023 | finance.yahoo.com

Q2 2023 Futu Holdings Ltd Earnings Call

August 24, 2023 | msn.com

Futu Holdings GAAP EPADS of $1.02 misses by $0.03, revenue of $317.1M beats by $22.54M

August 24, 2023 | finanznachrichten.de

Futu Holdings Limited: Futu Announces Second Quarter 2023 Unaudited Financial Results

August 24, 2023 | markets.businessinsider.com

Moomoo's Parent Company Futu Holdings Posts US$317.1 M Revenues and US$152.3 M Non-GAAP Net Income for Q2 2023

See More Headlines

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FUTU Company Calendar

Last Earnings: 8/24/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/20/2023
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: $51.11
High Stock Price Forecast: $68.00
Low Stock Price Forecast: $34.00
Forecasted Upside/Downside: -10.5%
Consensus Rating: Hold
Rating Score (0-4): 2.29
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.65
Trailing P/E Ratio: 15.65
Forward P/E Ratio: 13.50
P/E Growth: 0.8
Net Income: $375.18 million
Net Margins: 43.70%
Pretax Margin: 51.40%
Return on Equity: 18.79%
Return on Assets: 3.99%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.26
Quick Ratio: 1.26

Sales & Book Value

Annual Sales: $975.97 million
Price / Sales: 8.80
Cash Flow: $2.51 per share
Price / Cash Flow: 22.75
Book Value: $17.78 per share
Price / Book: 3.21

Miscellaneous

Outstanding Shares: 150,380,000
Free Float: 97,446,000
Market Cap: $8.59 billion
Optionable: Optionable
Beta: 0.87

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Key Executives

Mr. Hua Li (Age 46)
Founder, Chairman & CEO

Mr. Yu Chen (Age 47)
Chief Financial Officer

Mr. Daniel Yuan
Chief of Staff & Head of Investor Relations

Ms. Ching-Yee Joey Poon (Age 36)
Head of Compliance

Mr. Li Xu (Age 40)
Sr. VP

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 equities research analysts have issued "buy," "hold," and "sell" ratings for Futu in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research 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 equities research analysts have issued 12 month target prices for Futu's stock. Their FUTU share price forecasts range from $34.00 to $68.00. On average, they anticipate the company's stock price to reach $51.11 in the next year. This suggests that the stock has a possible downside of 10.5%.
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 beginning of 2023. Since then, FUTU shares have increased by 40.5% and is now trading at $57.11.
View the best growth stocks for 2023 here.
When is Futu's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 20th 2023.
View our FUTU earnings forecast.
How were Futu's earnings last quarter?: Futu Holdings Limited (NASDAQ:FUTU) announced its quarterly earnings results on Thursday, August, 24th. The company reported $1.02 EPS for the quarter. The firm earned $317.10 million during the quarter. Futu had a net margin of 43.70% and a trailing twelve-month return on equity of 18.79%.
What ETFs hold Futu's stock?: ETFs with the largest weight of Futu (NASDAQ:FUTU) stock in their portfolio include Amplify Emerging Markets FinTech ETF (EMFQ), Principal Millennial Global Growth ETF (GENY), Innovator IBD 50 ETF (FFTY), ERShares NextGen Entrepreneurs ETF (ERSX), iShares MSCI Hong Kong ETF (EWH), Parabla Innovation ETF (LZRD) and EMQQ The Emerging Markets Internet & Ecommerce ETF (EMQQ).iShares MSCI Intl Size Factor ETF (ISZE).

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."
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 $57.11.
How much money does Futu make?: Futu (NASDAQ:FUTU) has a market capitalization of $8.59 billion and generates $975.97 million in revenue each year. The company earns $375.18 million in net income (profit) each year or $3.65 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 10/2/2023 by MarketBeat.com Staff

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Futu (FUTU) Stock Forecast, Price & News

Futu MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Futu (NASDAQ:FUTU) Stock

FUTU Price History

FUTU Stock News Headlines

FUTU Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

FUTU Stock - Frequently Asked Questions

Overall MarketRank^™