Futu Holdings Limited (NASDAQ:FUTU – Get Free Report) was the target of unusually large options trading activity on Thursday. Investors purchased 13,534 call options on the company. This is an increase of approximately 73% compared to the typical daily volume of 7,810 call options.
Wall Street Analyst Weigh In
A number of analysts have recently commented on FUTU shares. Bank of America boosted their target price on shares of Futu from $77.60 to $80.20 and gave the company a “buy” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised shares of Futu from a “neutral” rating to an “overweight” rating and raised their target price for the company from $62.00 to $92.00 in a research note on Tuesday, May 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.57.
Check Out Our Latest Research Report on FUTU
Hedge Funds Weigh In On Futu
Futu Stock Performance
Shares of FUTU stock traded up $7.76 on Thursday, reaching $67.27. The stock had a trading volume of 2,317,153 shares, compared to its average volume of 1,424,722. Futu has a 1 year low of $43.61 and a 1 year high of $81.86. The company has a 50 day simple moving average of $61.01 and a 200 day simple moving average of $63.82. The stock has a market cap of $9.27 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 0.92 and a beta of 0.72.
Futu (NASDAQ:FUTU – Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $1.11 EPS for the quarter. The firm had revenue of $400.73 million for the quarter. Futu had a return on equity of 16.77% and a net margin of 39.27%. On average, equities research analysts anticipate that Futu will post 4.51 earnings per share for the current fiscal year.
About Futu
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.
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