Futu Holdings Ltd (FUTU) Stock Forecast & Predictions

Futu Holdings Ltd - ADR FUTU: $135.82

, , , Hong Kong. | Sector: Finance and Insurance | Exchange: NASDAQ/NMS (GLOBAL MARKET) | Web: https://www.futuholdings.com

  • Market Cap$9.79B
  • Change (52 Weeks)1142.04%
  • Low (52 Weeks)$10.21
  • Futu Holdings Ltd (FUTU) Forecast Based on Technical Analysis


    Neutral
    Based on 15 Technical Indicators where 26.67% are on Buy, 20.00% on Sell, and 53.33% Neutral.

    According to the market data, Futu Holdings Ltd (FUTU) stock price is $135.82 and the 52 weeks low is $10.21, which means the Futu Holdings Ltd stock price is up 1142.04% in the last 12 months.

    Futu Holdings Ltd (FUTU) Stock Price has been Trending Strongly with an ADX reading of 53.99 as per the Weekly Chart.

    A Upward trend indicates that Futu Holdings Ltd (FUTU) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 15 technical indicators, 26.67% are indicating that FUTU Stock price might rise further, 20.00% indicating that FUTU Stock price might fall, and 53.33% are in a neutral position.

    Based on these technical algorithms, overall FUTU stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Futu Holdings Ltd (FUTU) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Futu Holdings Ltd (FUTU) is based on 17 Institutional Analyst Ratings where 58.82% are on Strong Buy, 23.53% on Moderate Buy, 17.65% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 17 Institutional Analysts, majority recommended FUTU stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Futu Holdings Ltd.

    Futu Holdings Ltd (FUTU) Stock Price Prediction By Analysts


    HighLowAverage
    $267.75$139.38$201.32
    $201.3248.23% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for FUTU set by the institutional analysts is $201.32 where High Estimate is $267.75, Median $204 and Low $139.38.

    The average price target for FUTU by Institutional Analysts is $201.32, which is 48.23% Upside from the current price. So according to the Institutional Analysts, FUTU Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Futu Holdings Ltd (FUTU) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with FUTU stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about FUTU and holding their positions hoping for a further rise in the stock price and more profit.

    Futu Holdings Ltd (FUTU) Stock Forecast Based on News Sentiment


    Bearish
    Based on 13 articles published Last Week, where 0.00% are Bullish and 100.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked negatively about FUTU, it shows that Futu Holdings Ltd had a 100.00% negative news coverage.

    Negative news coverage usually affects short-term price of a stock, so this negative coverage provides an indication that FUTU stock price may go down in the next few weeks.

    Futu Holdings Ltd (FUTU) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    CitigroupBuyMaintained
    CitigroupBuyMaintained
    Morgan StanleyOverweightInitiated
    Goldman SachsNeutralInitiated

    Futu Holdings Ltd (FUTU) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.663
    The average consensus EPS for FUTU is $1.663 with a high estimate of $1.712 and Low of $1.597 for the period 2021-06-30 and based on 3 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $3.09$2020-09-30


    The latest average Earning Per Share Estimate for Futu Holdings Ltd is $1.66, which is lower than FUTU's last EPS, $3.09. This means that Analysts are expecting Futu Holdings Ltd to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Futu Holdings Ltd.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $3.09$2020-09-30
    $1.91$0.78542020-06-30
    $1.27$0.73439999999999992020-03-31
    $0.39$0.204000000000000012019-12-31
    $0.19$0.38762019-09-30
    $0.47$0.5612019-06-30
    $0.61$0.70382019-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).