One of the losers of today's trading session was Futu. Shares of the Capital markets company plunged -5.8%, and some investors may be wondering if its price of $78.65 would make a good entry point. Here's what you should know if you are considering this investment:
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Futu has moved 44.7% over the last year, and the S&P 500 logged a change of -2.5%
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FUTU has an average analyst rating of buy and is -45.32% away from its mean target price of $143.85 per share
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Its trailing earnings per share (EPS) is $4.99
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Futu has a trailing 12 month Price to Earnings (P/E) ratio of 15.8 while the S&P 500 average is 29.3
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Its forward earnings per share (EPS) is $5.45 and its forward P/E ratio is 14.4
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The company has a Price to Book (P/B) ratio of 0.39 in contrast to the S&P 500's average ratio of 4.74
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Futu is part of the Finance sector, which has an average P/E ratio of 20.04 and an average P/B of 1.86
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FUTU has reported YOY quarterly earnings growth of 113.7% and gross profit margins of 0.9%
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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 Money Plus brand name through its Futubull and moomoo platforms, which provides its client access to mutual funds, private funds, bonds, structured products, and other wealth management products; 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. Futu Holdings Limited was founded in 2007 and is headquartered in Admiralty, Hong Kong.