Stocks of UP Fintech Holding Limited (NASDAQ:TIGR) traded higher last session on Wall Street, down -7.37% to $2.64.
According to the data, UP Fintech Holding Limited (NASDAQ:TIGR) has 5 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.32 and a low of $3.46, we find $4.30. Given the previous closing price of $2.85, this indicates a potential upside of 50.88 percent. TIGR stock price is now -15.24% away from the 50-day moving average and -30.10% away from the 200-day moving average. The market capitalization of the company currently stands at $427.36M.
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A total of 1 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $4.72 as their price target over the next twelve months.
On January 18, 2022, Daiwa Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $6.60, while ‘Goldman’ rates the stock as ‘Sell’.
A total of 22.99% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TIGR stock. A new stake in UP Fintech Holding Limited shares was purchased by TWO SIGMA SECURITIES, LLC during the first quarter worth $48,000. PROFUND ADVISORS LLC invested $34,000 in shares of TIGR during the first quarter. In the first quarter, BRAINARD CAPITAL MANAGEMENT LLC acquired a new stake in UP Fintech Holding Limited valued at approximately $33,000. INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC acquired a new stake in TIGR for approximately $1,000. In total, there are 81 active investors with 5.00% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $2.6050 for UP Fintech Holding Limited (NASDAQ: TIGR). During the past 12 months, UP Fintech Holding Limited has had a low of $2.65 and a high of $5.79. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for TIGR is $3.0942 and a two-hundred day moving average price translates $3.7712 for the stock.
The latest earnings results from UP Fintech Holding Limited (NASDAQ: TIGR) was released for Dec, 2022. According to the Capital Markets Company, earnings per share came in at -$0.04, missing analysts’ expectations of $0.27 by -0.31. This compares to $0.03 EPS in the same period last year. The net profit margin was -1.00% and return on equity was -0.50% for TIGR. The company reported revenue of $63.85 million for the quarter, compared to $62.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.67 percent. For the current quarter, analysts expect TIGR to generate $270.89M in revenue.
UP Fintech Holding Limited(TIGR) Company Profile
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform; and account management services. The company also provides trade execution, margin financing, and securities lending services; asset management and wealth management; ESOP management; fund license application, product design, asset custody, transaction execution, and funding allocation; fund structuring and management; and IPO underwriting services. In addition, it offers market information, community engagement, and simulated trading services. The company was founded in 2014 and is based in Beijing, China.
