FUTU Stock Summary and Trading Ideas (Futu Hldgs | NASDAQ:FUTU)

Futu Holdings Ltd is an online broker providing one-stop online investing services. The company provides its services through its digital platform Futu NiuNiu, which includes market data, trading service, and news feed of Hong Kong, Mainland China, Singapore, and United States equity markets. It generates its revenue in the form of brokerage commission and handling charge services.

Futu Hldgs trades on the NASDAQ stock market under the symbol FUTU.

As of December 4, 2024, FUTU stock price declined to $86.00 with 856,562 million shares trading.

FUTU has a beta of 1.09, meaning it tends to be more sensitive to market movements. FUTU has a correlation of 0.04 to the broad based SPY ETF.

FUTU has a market cap of $11.86 billion. This is considered a Large Cap stock.

Last quarter Futu Hldgs reported $442 million in Revenue and $1.28 earnings per share. This beat revenue expectation by $95 million and exceeded earnings estimates by $.31.

In the last 3 years, FUTU traded as high as $130.50 and as low as $21.23.

The top ETF exchange traded funds that FUTU belongs to (by Net Assets): IEFA, EFA, EWH, EFG, IXUS.

FUTU has outperformed the market in the last year with a return of +58.0%, while the SPY ETF gained +33.6%. In the last 3 month period, FUTU beat the market returning +40.6%, while SPY returned +10.1%. However, in the most recent 2 weeks FUTU has underperformed the stock market by returning -0.8%, while SPY returned +2.7%.

FUTU support price is $82.31 and resistance is $90.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FUTU shares will trade within this expected range on the day.