The market has been high on Futu Holdings Ltd (FUTU) stock recently. FUTU gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With FUTU Stock Today?
Futu Holdings Ltd (FUTU) stock is lower by -4.73% while the S&P 500 has gained 0.97% as of 1:11 PM on Thursday, Apr 1. FUTU is lower by -$7.51 from the previous closing price of $158.82 on volume of 6,857,310 shares. Over the past year the S&P 500 is up 55.20% while FUTU has gained 1497.78%. FUTU earned $1.30 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 116.51.
More About Futu Holdings Ltd
Futu Holdings Ltd is an online broker, providing a 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 and United States stock markets. It generates its revenue in the form of brokerage commission and handling charge services.