Futu Holdings Limited (FUTU): Does this stock hold the most enticing factor today?

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Let’s start up with the current stock price of Futu Holdings Limited (FUTU), which is $38.33 to be very precise. The Stock rose vividly during the last session to $44.00 after opening rate of $43.29 while the lowest price it went was recorded $40.70 before closing at $42.06.Recently in News on December 19, 2021, Futu Acquired Australian Subsidiary That Holds Australian Financial Services License. Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it had successfully acquired an Australian-based subsidiary, Futu Securities (Australia) Ltd. Futu Securities (Australia) Ltd holds an Australian Financial Services License (AFSL). The AFSL is a license granted and regulated by the Australian Securities and Investments Commission (ASIC). You can read further details here

Futu Holdings Limited had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $44.00 on 01/03/22, with the lowest value was $37.90 for the same time period, recorded on 01/04/22.

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Futu Holdings Limited (FUTU) full year performance was -14.06%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Futu Holdings Limited shares are logging -81.23% during the 52-week period from high price, and 12.37% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $34.11 and $204.25.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 4339024 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Futu Holdings Limited (FUTU) recorded performance in the market was -2.86%, having the revenues showcasing -48.47% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 6.13B, as it employees total of 1315 workers.

The Analysts eye on Futu Holdings Limited (FUTU)

During the last month, 14 analysts gave the Futu Holdings Limited a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 70.59, with a change in the price was noted -64.21. In a similar fashion, Futu Holdings Limited posted a movement of -62.36% for the period of last 100 days, recording 6,429,474 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FUTU is recording 0.60 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

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Technical rundown of Futu Holdings Limited (FUTU)

Raw Stochastic average of Futu Holdings Limited in the period of last 50 days is set at 11.53%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 30.81%. In the last 20 days, the company’s Stochastic %K was 48.13% and its Stochastic %D was recorded 51.47%.

Considering, the past performance of Futu Holdings Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -2.86%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -71.41%, alongside a downfall of -14.06% for the period of the last 12 months. The shares increased approximately by -3.27% in the 7-day charts and went down by 1.86% in the period of the last 30 days. Common stock shares were lifted by -48.47% during last recorded quarter.