Futu shares are trading lower by 35% over the past month and 63% over the past six months amid ongoing regulatory concerns, concerns over the property sector as well as COVID-19 worries. Futu is an online broker providing one-stop online investing services.
Full Answer
Why is futu’s share price dropping?
Apr 20, 2021 · It is common for shares of a company to drop following a new issuance because new shares dilute existing shareholders, and essentially result in profits being split over more total shares. Now what...
Should you hold futu (futu) stock?
Oct 28, 2021 · Futu shares are trading lower by 35% over the past month and 63% over the past six months amid ongoing regulatory concerns, concerns over the property sector as well as COVID-19 worries.
What is the upside for futu (futu)?
Aug 16, 2021 · Shares of the Hong Kong-based digital broker and wealth management platform dropped for no obvious reason. What happened Shares of Hong Kong-based digital broker and wealth management platform Futu...
Is futu a profitable company?
Mar 29, 2022 · Futu's stock was trading at $11.52 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FUTU stock has increased by 209.3% and is now trading at $35.63. View which stocks have been most impacted by COVID-19.
Why are FUTU shares dropping?
Key Points. Futu missed revenue and earnings estimates for the fourth quarter. On Friday, the SEC named five specific Chinese stocks at risk of being delisted from U.S. exchanges.Mar 11, 2022
Is FUTU stock a good buy?
Is Futu Stock A Good Long-Term Investment? Futu can only be seen as a good long-term investment, if regulatory risks in Mainland China turn out to be benign and the company successfully diversifies into international markets.Mar 15, 2022
Will Futu stock go up?
Stock Price Forecast The 17 analysts offering 12-month price forecasts for Futu Holdings Ltd have a median target of 44.85, with a high estimate of 71.29 and a low estimate of 26.92. The median estimate represents a +31.15% increase from the last price of 34.20.
Is FUTU undervalued?
Compared to the current market price of 35.63 USD, NASDAQ:FUTU stock is Undervalued by 44% . DCF valuation is one of two methods of placing a monetary value on a company; the other is Relative Valuation method.
Is Futu a buy right now?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Futu in the last year. There are currently 2 sell ratings, 3 hold ratings...
How has Futu's stock price been impacted by Coronavirus?
Futu's stock was trading at $11.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since t...
When is Futu's next earnings date?
Futu is scheduled to release its next quarterly earnings announcement on Wednesday, May 18th 2022. View our earnings forecast for Futu .
How were Futu's earnings last quarter?
Futu Holdings Limited (NASDAQ:FUTU) released its quarterly earnings data on Friday, March, 11th. The company reported $3.44 earnings per share for...
What price target have analysts set for FUTU?
6 equities research analysts have issued 12 month target prices for Futu's stock. Their forecasts range from $27.00 to $158.27. On average, they an...
Who are Futu's key executives?
Futu's management team includes the following people: Leaf Hua Li , Chairman & Chief Executive Officer Arthur Yu Chen , Chief Financial Officer...
Who are some of Futu's key competitors?
Some companies that are related to Futu include Nomura (NMR) , MarketAxess (MKTX) , Robinhood Markets (HOOD) , SEI Investments (SEIC) , Jeffer...
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...
What is Futu's stock symbol?
Futu trades on the NASDAQ under the ticker symbol "FUTU."
Shares of the Hong Kong-based digital broker and wealth management platform dropped for no obvious reason
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group.
Key Points
Chinese and Hong Kong-based companies whose stocks trade on U.S. exchanges face considerable regulatory risks.
What happened
Shares of Hong Kong-based digital broker and wealth management platform Futu Holdings ( NASDAQ:FUTU) traded more than 9% lower as of 3:07 p.m. EDT for no obvious reason.
So what
Chinese stocks that list on U.S. exchanges face considerable risk from regulators in China, which can flip the script quickly on what looks to be a strong company in the attractive Hong Kong or Chinese markets.
Now what
The good news for Futu is that as recently as two days ago, analysts had given the company a consensus rating of buy and an average one-year price target of $191, which implies substantial upside considering shares currently trade around $91.
Is Futu a buy right now?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Futu in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Futu stock.#N#View analyst ratings for Futu or view top-rated stocks.
What stocks does MarketBeat like better than Futu?
Wall Street analysts have given Futu a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Futu wasn't one of them.
Are investors shorting Futu?
Futu saw a increase in short interest during the month of July. As of July 30th, there was short interest totaling 4,120,000 shares, an increase of 24.8% from the July 15th total of 3,300,000 shares. Based on an average trading volume of 5,370,000 shares, the short-interest ratio is currently 0.8 days.
When is Futu's next earnings date?
Futu is scheduled to release its next quarterly earnings announcement on Thursday, November 18th 2021.#N#View our earnings forecast for Futu.
How were Futu's earnings last quarter?
Futu Holdings Limited (NASDAQ:FUTU) issued its quarterly earnings results on Monday, August, 30th. The company reported $3.58 EPS for the quarter, missing the consensus estimate of $4.64 by $1.06. Futu had a net margin of 46.42% and a trailing twelve-month return on equity of 26.29%.#N#View Futu's earnings history.
How has Futu's stock been impacted by COVID-19 (Coronavirus)?
Futu's stock was trading at $11.52 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FUTU stock has increased by 857.6% and is now trading at $110.32.#N#View which stocks have been most impacted by COVID-19.
What price target have analysts set for FUTU?
6 Wall Street analysts have issued twelve-month target prices for Futu's shares. Their forecasts range from $142.00 to $253.00. On average, they expect Futu's stock price to reach $194.30 in the next year.
Futu Media Sentiment
Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.
Media Coverage
We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.
Futu (NASDAQ FUTU) News Headlines Today
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.
What is Futu Holdings Limited?
Futu Holdings Limited ("Futu") (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, is pleased to announce that it has obtained a "bbb" GCP (group credit profile) and a "BBB" investment grade long-term issuer credit rating from S&P Global Ratings ("S&P"). The outlook on the long-term rating is stable.
Who is Zhang Hui?
(Bloomberg) -- Former Alibaba Group Holding Ltd. employee Zhang Hui is the latest Chinese entrepreneur to join the ranks of billionaires after his Uber-like trucking startup went public Tuesday in New York.Zhang, the founder and chairman of Full Truck Alliance Co., has a stake worth about $2.1 billion, according to the Bloomberg Billionaires Index, as shares in the Chinese company closed at $21.50 in New York Stock Exchange trading -- a 13% increase over the IPO price. Zhang, 42, owns 9.2% of th
Futu Q2 Results International Expansion Brings 15 Million Global Users
Futu Holdings Limited published its unaudited financial results for the second quarter ending June 30, 2021 (Q2). The tech-driven online brokerage and wealth management platform continues to report outstanding performance, having achieved triple-digit growth for six consecutive quarters.
4 Top Stock Trades for Wednesday: FUBO, WFC, FUTU, DIS
InvestorPlace - Stock Market News, Stock Advice & Trading Tips FuboTV, Wells Fargo, Futu Holdings and Disney were our top stock trades for Wednesday. Let''s get a look at the charts from here. The post 4 Top Stock Trades for Wednesday: FUBO, WFC, FUTU, DIS appeared first on InvestorPlace .
Futu Announces Second Quarter 2021 Unaudited Financial Results
HONG KONG, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (Futu or the Company) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2021.
Cramer Shares His Thoughts On Amyris, Lam Research And More
On CNBC''s "Mad Money Lightning Round," Jim Cramer said Beachbody Company Inc (NYSE: BODY ) is good, but there are too many companies in the space. He is not a buyer. The Chinese stock market is going to rally for two weeks, said Cramer. He would hold Futu Holdings Ltd (NASDAQ: … Full story available on Benzinga.com Read more
Stock on the Run: Futu Holdings Limited (NASDAQ:FUTU), India Globalization Capital, Inc. (AMEX:IGC)
Futu Holdings Limited (FUTU) with the stream of 0.99% also noticed, India India Globalization Capital, Inc. (IGC) encountered a rapid change of 3.92% in the last hour of Mondays trading The post Stock on the Run: Futu Holdings Limited (NASDAQ:FUTU), India Globalization Capital, Inc. (AMEX:IGC) appeared first on Stocks Equity . Read more
Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 23.23%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
Futu Holdings Ltd finds support from accumulated volume at $104.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Futu Holdings Ltd stock A Buy?
Futu Holdings Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.