Why FUTU HOLDINGS LTD-ADR (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.

Looking into the canslim metrics of FUTU HOLDINGS LTD-ADR

• The EPS of FUTU has exhibited growth from one quarter to another (Q2Q), with a 104.0% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• FUTU has achieved 86.77% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• The EPS of FUTU has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• FUTU demonstrates a strong Return on Equity(ROE) of 19.43%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. FUTU HOLDINGS LTD-ADR shows promising potential for continued success.
• The Relative Strength (RS) of FUTU has consistently been strong, with a current 86.35 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength.
• A Debt/Equity ratio of 0.3 suggests that FUTU is managing its debt levels responsibly.
• FUTU exhibits a favorable ownership structure, with an institutional shareholder ownership of 38.67%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

In-Depth Technical Analysis of FUTU

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

We assign a technical rating of 3 out of 10 to FUTU. Although FUTU is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

• FUTU is one of the better performing stocks in the Capital Markets industry, it outperforms 88% of 227 stocks in the same industry.
• The long and short term trends are both neutral. This gives a pretty neutral overall picture!
• When comparing the yearly performance of all stocks, we notice that FUTU is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
• FUTU is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
• In the last month FUTU has a been trading in the 70.60 - 108.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

How does the complete fundamental picture look for FUTU?

At ChartMill, a crucial aspect of their analysis is the assignment of a Fundamental Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous fundamental indicators and properties.

Taking everything into account, FUTU scores 6 out of 10 in our fundamental rating. FUTU was compared to 227 industry peers in the Capital Markets industry. While FUTU has a great profitability rating, there are quite some concerns on its financial health. FUTU is not overvalued while it is showing excellent growth. This is an interesting combination.

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

More ideas for growth investing can be found on ChartMill 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.