Futu Shares Continue Their Price Swings

Futu sank -4.4% today, compared to the S&P 500's day change of 1.8%. Today's losers may turn out to be tomorrow's winners, so be sure to check the stock's fundamentals before making an investment decision:

  • FUTU has an average analyst rating of strong buy and is -73.66% away from its mean target price of $166.61 per share

  • Its trailing earnings per share (Eps) is $1.3

  • Futu has a trailing 12 month Price to Earnings (P/E) ratio of 33.8 while the S&P 500 average is 15.97

  • Its forward earnings per share (Eps) is $3.04 and its forward P/E ratio is 14.4

  • The company has a Price to Book (P/B) ratio of 0.7 in contrast to the S&P 500's average ratio of 2.95

  • Futu is part of the Financial Services sector, which has an average P/E ratio of 13.34 and an average P/B of 1.95

  • FUTU has reported YOY quarterly earnings growth of 30.2% and gross profit margins of 0.9%

  • Futu Holdings Limited operates an online brokerage and wealth management platform in Hong Kong and internationally. The company provides trading, clearing, and settlement services; margin financing and securities lending services; and stock yield enhancement program. It also offers online wealth management services under the brand of Futu 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 to corporate clients under the Futu I&E brand. Futu Holdings Limited was founded in 2007 and is based in Hong Kong, Hong Kong.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.