In yesterday’s Wall Street session, UP Fintech Holding Limited (NASDAQ:TIGR) shares traded at $4.02, up 19.29% from the previous session.
4 analysts cover UP Fintech Holding Limited (NASDAQ:TIGR), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.10 and a low of $2.80, we find $3.05. Given the previous closing price of $3.37, this indicates a potential downside of -9.5 percent. TIGR stock price is now 36.24% away from the 50-day moving average and 11.14% away from the 200-day moving average. The market capitalization of the company currently stands at $522.32M.
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The stock has received a hold rating from 2 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $3.25 as their price target over the next twelve months.
A total of 35.46% 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 VIRTU FINANCIAL LLC during the first quarter worth $128,000. TWO SIGMA SECURITIES, LLC invested $73,000 in shares of TIGR during the first quarter. In the first quarter, PROFUND ADVISORS LLC acquired a new stake in UP Fintech Holding Limited valued at approximately $52,000. VANGUARD PERSONALIZED INDEXING MANAGEMENT, LLC acquired a new stake in TIGR for approximately $51,000. BRAINARD CAPITAL MANAGEMENT LLC purchased a new stake in TIGR valued at around $50,000 in the second quarter. In total, there are 63 active investors with 5.00% ownership of the company’s stock.
On Friday morning UP Fintech Holding Limited (NASDAQ: TIGR) stock kicked off with the opening price of $3.5800. During the past 12 months, UP Fintech Holding Limited has had a low of $2.31 and a high of $5.79. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for TIGR is $2.9783 and a two-hundred day moving average price translates $3.6209 for the stock.
The latest earnings results from UP Fintech Holding Limited (NASDAQ: TIGR) was released for Mar, 2023. According to the Capital Markets Company, earnings per share came in at $0.05, beating analysts’ expectations of $0.03 by 0.02. This compares to -$0.04 EPS in the same period last year. The net profit margin was 4.90% and return on equity was 2.60% for TIGR. The company reported revenue of $66.33 million for the quarter, compared to $52.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.03 percent. For the current quarter, analysts expect TIGR to generate $44.65M 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.
