Futu Holdings Limited (FUTU) is 45.83% away from 50-day simple Moving Average despite all headwinds

June 21, 2022, Futu Holdings Limited (NASDAQ: FUTU) trading session started at the price of $46.70, that was 15.70% jump from the session before. During the day, the shares moved up to $52.374 and dropped to $46.29 before settling in for the closing price of $44.58. A 52-week range for FUTU has been $21.23 – $181.44.

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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 141.30%. When this article was written, the company’s average yearly earnings per share was at 82.50%. With a float of $77.10 million, this company’s outstanding shares have now reached $147.34 million.

The extent of productivity of a business whose workforce counts for 2318 workers is very important to gauge. In terms of profitability, gross margin is +86.66, operating margin of +50.03, and the pretax margin is +44.77.

Futu Holdings Limited (FUTU) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Futu Holdings Limited stocks. The insider ownership of Futu Holdings Limited is 9.12%, while institutional ownership is 39.70%.

Futu Holdings Limited (FUTU) Latest Financial update

Going through the last 3-months fiscal report unveiled on the 6/29/2021, it has been observed that the corporation posted $0.46 earnings per share (EPS) during the time that was less than consensus figure (set at $0.6) by -$0.14. This company achieved a net margin of +39.50 while generating a return on equity of 19.21. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.05 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 82.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.03% during the next five years compared to 80.60% growth over the previous five years of trading.

Futu Holdings Limited (NASDAQ: FUTU) Trading Performance Indicators

You can see what Futu Holdings Limited (FUTU) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.64.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.84, a number that is poised to hit 1.05 in the next quarter and is forecasted to reach 23.36 in one year’s time.

Technical Analysis of Futu Holdings Limited (FUTU)

The latest stats from [Futu Holdings Limited, FUTU] show that its last 5-days average volume of 4.43 million was inferior to 5.5 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 63.54%. Additionally, its Average True Range was 3.55.

During the past 100 days, Futu Holdings Limited’s (FUTU) raw stochastic average was set at 97.45%, which indicates a significant increase from 95.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 111.15% in the past 14 days, which was higher than the 110.88% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $35.68, while its 200-day Moving Average is $49.91. Now, the first resistance to watch is $53.87. This is followed by the second major resistance level at $56.17. The third major resistance level sits at $59.96. If the price goes on to break the first support level at $47.79, it is likely to go to the next support level at $44.00. The third support level lies at $41.70 if the price breaches the second support level.

Futu Holdings Limited (NASDAQ: FUTU) Key Stats

There are 150,379K outstanding shares of the company, which has a market capitalization of 7.21 billion. As of now, sales total 912,270 K while income totals 360,300 K. Its latest quarter income was 209,510 K while its last quarter net income were 73,010 K.


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