Why NASDAQ:FUTU qualifies as a high growth stock.

In this article we will dive into FUTU HOLDINGS LTD-ADR (NASDAQ:FUTU) as a possible candidate for growth investing. Investors should always do their own research, but we noticed FUTU HOLDINGS LTD-ADR showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Some of the canslim metrics of NASDAQ:FUTU highlighted

• FUTU HOLDINGS LTD-ADR has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 20.05% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• FUTU HOLDINGS LTD-ADR has demonstrated strong q2q revenue growth of 29.65%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• The EPS of FUTU HOLDINGS LTD-ADR has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• FUTU HOLDINGS LTD-ADR showcases a robust Return on Equity (ROE) of 17.43%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• FUTU HOLDINGS LTD-ADR has exhibited strong Relative Strength(RS) in recent periods, with a current 96.87 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. FUTU HOLDINGS LTD-ADR shows promising potential for continued price momentum.
• With a current Debt-to-Equity ratio at 0.23, FUTU HOLDINGS LTD-ADR showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• The ownership composition of FUTU HOLDINGS LTD-ADR reflects a balanced investor ecosystem, with institutional shareholders owning 36.4%. This indicates a broader market participation and potential for increased trading liquidity.

Insights from Technical Analysis

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Overall FUTU gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FUTU is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, FUTU did better than 96% of all other stocks. On top of that, FUTU also shows a nice and consistent pattern of rising prices.
• FUTU is part of the Capital Markets industry. There are 225 other stocks in this industry. FUTU outperforms 98% of them.
• FUTU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FUTU is lagging the market slightly.
• In the last month FUTU has a been trading in the 85.50 - 127.39 range, which is quite wide. It is currently trading near the high of this range.
• Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

For an up to date full technical analysis you can check the technical report of FUTU

How does the complete fundamental picture look for NASDAQ:FUTU?

ChartMill assigns a proprietary Fundamental Rating to each stock. The score is computed daily by evaluating various fundamental indicators and properties. The score ranges from 0 to 10.

Overall FUTU gets a fundamental rating of 6 out of 10. We evaluated FUTU against 225 industry peers in the Capital Markets industry. FUTU has an excellent profitability rating, but there are some minor concerns on its financial health. FUTU is not priced too expensively while it is growing strongly. Keep and eye on this one!

Our latest full fundamental report of FUTU contains the most current fundamental analsysis.

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.