Tuesday, May 17, 2022

Futu Holdings Ltd (FUTU) Stock Price Plummets Following Offering of Shares

Futu Holdings Ltd. (FUTU) stock prices experienced a significant dip on April 20th, 2021, coming to a close at USD$136.24 after a 23.43% decrease over the course of the trading day. Subsequent pre-market fluctuations saw the stock price further fall by 1.71%, placing it at USD$133.91.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored


FUTU offering

April 20th, 2021 had seen FUTU announce an offering of 9.5 million American depositary shares (ADS), each of which represents 8 Class A ordinary shares. Underwriters were also granted the option to purchase up to an extra 1.425 million ADSs in the case of over-allotments, with a timeframe of 30 days.

Promising Financial Reports


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Q4 2020 reported highly promising numbers with the addition of 98,632 paying clients on a net basis as a result of organic growth, with more than half of the new clientele being from overseas. This addition brought the number of paying clients up to 516,721 as of year-end 2020. These numbers reflect a 160.5% year-over-year growth, with a total of 320,000 paying clients having been added over the course of the fiscal year 2020.

Sustained Growth in 2020

As of December 30th, 2020, FUTU saw total client assets peak at USD$36.73 billion, a monumental 227.3% year-over-year increase ad a 41.9% quarter-over-quarter increase. Q4 2020 saw FUTU report a retention rate of 97.9% of its high-paying clientele.

Performance of FUTU Equity

Q4 2020 also saw a total trading volume increase of 438.1% year-over-year and 19.2% quarter-over-quarter, coming in at USD$155.85 billion. On the basis of stellar performance on the US equities market, FUTU reported that 65% of the total trading volume reported in Q4 2020 was contributed by US stock trading, coming in at USD$100.93 billion. The launch of CME and A50 futures also saw the continued development of FUTU’s trading product offerings.

Stockpiling Capital

FUTU raised approximately USD$260 million in Q4 2020, following the sale of 50 million Class A ordinary shares to a leading global investment firm. With the continued expansion of the capital available at their disposal, FUTU hopes to improve its financing balance, increase marketing in the international market, and increase its investments into their technological infrastructure.

Future Outlook for FUTU

With the company having reported outstanding financials for the year ended 30th December 2020, as well as the solid financial straits they find themselves in, FUTU seems poised to capitalize on their impressive momentum and keep it going. Investors might not be pleased by the recent dilution, but the company hopes to allocate the generated funds in ways that will consistently and significantly increase shareholder value.

Latest news

A Few Bright Spots in Tesla Inc. (TSLA)

Tesla's (TSLA) Shanghai facility ceased operations on Monday owing to material shortages, according to Reuters. Furthermore, demand for Tesla electric vehicles decreased drastically in...

A Closer Look at DocuSign Inc.’s (DOCU) Growth Curve

DocuSign Inc. (NASDAQ: DOCU), a software firm that creates an electronic signature and verification solutions, is presently trading more than 70% below its 52-week...

One Of The Good Ones: Enphase Energy Inc. (ENPH)

Enphase Energy, Inc. (NASDAQ: ENPH), a maker of inverters, released its first-quarter 2022 results. Enphase set a new sales record and outperformed Wall Street...

Riding the Trend or Protecting Profits | AT&T Inc. (T)

AT&T Inc. (NYSE: T), a telecommunications service provider, released its first-quarter earnings last week. The firm claimed a record number of new communication subscribers,...

Related news

A Few Bright Spots in Tesla Inc. (TSLA)

Tesla's (TSLA) Shanghai facility ceased operations on Monday owing to material shortages, according to Reuters. Furthermore, demand for Tesla electric vehicles decreased drastically in...

A Closer Look at DocuSign Inc.’s (DOCU) Growth Curve

DocuSign Inc. (NASDAQ: DOCU), a software firm that creates an electronic signature and verification solutions, is presently trading more than 70% below its 52-week...

One Of The Good Ones: Enphase Energy Inc. (ENPH)

Enphase Energy, Inc. (NASDAQ: ENPH), a maker of inverters, released its first-quarter 2022 results. Enphase set a new sales record and outperformed Wall Street...

Riding the Trend or Protecting Profits | AT&T Inc. (T)

AT&T Inc. (NYSE: T), a telecommunications service provider, released its first-quarter earnings last week. The firm claimed a record number of new communication subscribers,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam