Shares of Futu Holdings Restricted (NASDAQ:FUTU – Get Free Report) gapped up earlier than the market opened on Friday . The inventory had beforehand closed at $89.71, however opened at $96.92. Futu shares final traded at $94.56, with a quantity of three,039,996 shares traded.
Analyst Scores Modifications
Individually, Financial institution of America lifted their goal worth on Futu from $80.20 to $90.00 and gave the corporate a “purchase” score in a analysis report on Friday, September twenty seventh. One analyst has rated the inventory with a maintain score and 6 have issued a purchase score to the inventory. In response to MarketBeat.com, the inventory presently has a median score of “Average Purchase” and a median worth goal of $72.97.
Examine Out Our Newest Evaluation on FUTU
Futu Inventory Efficiency
The corporate has a fifty day transferring common worth of $76.57 and a two-hundred day transferring common worth of $70.06. The corporate has a market cap of $12.85 billion, a P/E ratio of 24.67, a PEG ratio of 1.65 and a beta of 0.74.
Futu (NASDAQ:FUTU – Get Free Report) final posted its quarterly earnings outcomes on Tuesday, August twentieth. The corporate reported $1.11 earnings per share for the quarter. Futu had a return on fairness of 16.77% and a internet margin of 39.27%. The agency had income of $400.73 million throughout the quarter. Analysis analysts anticipate that Futu Holdings Restricted will put up 4.28 EPS for the present 12 months.
Hedge Funds Weigh In On Futu
Numerous institutional buyers have just lately added to or decreased their stakes in FUTU. GAMMA Investing LLC elevated its place in Futu by 181.5% throughout the third quarter. GAMMA Investing LLC now owns 594 shares of the corporate’s inventory value $57,000 after shopping for a further 383 shares over the last quarter. CWM LLC raised its stake in Futu by 67.7% within the third quarter. CWM LLC now owns 743 shares of the corporate’s inventory valued at $71,000 after buying a further 300 shares throughout the interval. Allspring World Investments Holdings LLC acquired a brand new stake in Futu throughout the 2nd quarter valued at $50,000. UniSuper Administration Pty Ltd boosted its place in Futu by 100.0% throughout the first quarter. UniSuper Administration Pty Ltd now owns 800 shares of the corporate’s inventory value $43,000 after buying a further 400 shares throughout the interval. Lastly, SG Americas Securities LLC acquired a brand new place in shares of Futu within the second quarter valued at $123,000.
Futu Firm Profile
Futu Holdings Restricted supplies digitalized securities brokerage and wealth administration product distribution service in Hong Kong and internationally. It gives on-line monetary companies, together with securities and spinoff trades brokerage, margin financing and fund distribution companies by its Futubull and Moomoo digital platforms.
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