Futu Holdings Limited (NASDAQ:FUTU) has succeeded to excite in 2021, the stock is up ~20.92% year-to-date

Futu Holdings Limited (NASDAQ:FUTU)’s traded shares stood at 4,113,958 during the last session, with the company’s beta value hitting 0. At the close of trading, the stock’s price was $55.32, to imply a decline of -5.61% or -$3.29 in intraday trading. The FUTU share’s 52-week high remains $59.75, putting it -8.01% down since that peak but still an impressive +85.25% since price per share fell to its 52-week low of $8.16. The company has a valuation of $7.49 Billion, with an average of 5.38 Million shares in intraday trading volume over the past 10 days and average of 2.94 Million shares over the past 3 months.

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Analysts have given a consensus recommendation of Buy for Futu Holdings Limited (FUTU), translating to a mean rating of 2. Of 7 analyst(s) looking at the stock, none analyst(s) give FUTU a Sell rating. None of those analysts rate the stock as Overweight while 1 advise Hold as 6 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.04.

After registering a -5.61% downside in the last session, Futu Holdings Limited (FUTU) has traded green over the past five days. The stock hit a weekly high of $59.75 this Tuesday, Jan 05, jumping 7.41% in its intraday price action. The 5-day price performance for the stock is 40.76%, and 34.43% over 30 days. With these gigs, the year-to-date price performance is 20.92%. Short interest in Futu Holdings Limited (NASDAQ:FUTU) saw shorts transact 8.15 Million shares and set a 2.77 days time to cover.

Analysts on Wall Street suggest a consensus price target of $414.26, implying an increase of 648.84% to the stock’s current value. The extremes give us $372.09 and $472.89 for target low and target high price respectively. As such, FUTU has been trading 754.83% off suggested target high and 572.61% from its likely low.

Futu Holdings Limited (FUTU) estimates and forecasts

Looking at statistics comparing Futu Holdings Limited share performance against respective industry, we note that the company has underperformed competitors. Futu Holdings Limited (FUTU) shares are +79.44% up over the last 6 months. But the analysts are intensifying their growth estimates for the 2021 fiscal year. Revenue is forecast to grow 100% this quarter before falling -40% for the next one. The rating firms project that comapny’s revenue will grow 172.2% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is $96.73 Million. Meanwhile, for the quarter ending Feb 2021, a total of 1 analyst(s) estimate revenue growth to $99.8 Million. Earnings reports from the last fiscal year show that sales brought in $32.45 Million and $40.05 Million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 198.1% before jumping 149.2% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings fell an estimated 0% for the past 5-year period. While 2021 is set for a 266.9% return in earnings, projections for the next 5 years are at 17.25% annually.

Futu Holdings Limited (NASDAQ:FUTU)’s Major holders

Futu Holdings Limited insiders hold 0.99% of total outstanding shares, with institutional holders owning 32.57% of the shares at 32.9% float percentage. In total, 105 institutions holds shares in the company, led by General Atlantic, LLC. As of Sep 29, 2020, the company held over 4.79 Million shares (or 8.34% of shares), all amounting to roughly $137.04 Million.

The next major institution holding the largest number of shares is ANGLEPOINT ASSET MANAGEMENT, LTD. with 4.24 Million shares, or about 7.39% of shares outstanding. As of the market price on Sep 29, 2020, these shares were worth $121.45 Million.

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We also have iShares Core MSCI EAFE ETF and iShares MSCI EAFE Small Cap ETF as the top two Mutual Funds with the largest holdings of the Futu Holdings Limited (FUTU) shares. Going by data provided on Nov 29,2020, iShares Core MSCI EAFE ETF holds roughly 149,793 shares. This is just over 0.26% of the total shares, with a market valuation of $6.61 Million. Data from the same date shows that the other fund manager holds a little less at 130.36 Thousand, or 0.23% of the shares, all valued at about $5.75 Million.

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