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Monday, June 5, 2023

Investing In Futu Holdings Limited (NASDAQ: FUTU): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Futu Holdings Limited (FUTU) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.05%, to $39.10. The Futu Holdings Limited has recorded 180,849 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Futu Holdings Announces Q1 2023 Results, Revenues Up 52.3% YoY.

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Stocks Info

The company is listed on the NASDAQ and operates within the Capital Markets industry segment. At the end of the last regular session, the stock closed at $39.12 and fluctuated between $40.29 as its day high and $38.03 as its day low. The current market capitalization of Futu Holdings Limited is $5.54B. A total of 3.85 million shares were traded on the day, compared to an average of 2.06M shares.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for FUTU in the last 3 months, the mean price target is $444.88 with high estimates of $580.89 and low estimates of $251.72. In terms of 52-week highs and lows, FUTU has a high of $72.20 and a low of $28.00.

As of this writing, FUTU has an earnings estimate of $0.82 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.92 per share and a lower estimate of $0.71. The company reported an EPS of $0.72 in the last quarter, which was 26.30% higher than expectations of $0.57.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $19.12, while its Total Shareholder’s Equity was $20.99B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FUTU is Buy with a score of 3.33.

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