In yesterday’s Wall Street session, UP Fintech Holding Limited (NASDAQ:TIGR) shares traded at $4.61, down -0.65% from the previous session.
As of this writing, 6 analysts cover UP Fintech Holding Limited (NASDAQ:TIGR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.37 and a low of $2.80, we find $5.80. Given the previous closing price of $4.64, this indicates a potential upside of 25.0 percent. TIGR stock price is now 37.49% away from the 50-day moving average and 26.89% away from the 200-day moving average. The market capitalization of the company currently stands at $696.02M.
There are 2 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $5.47 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 GROUP ONE TRADING, L.P. during the first quarter worth $1,501,000. WELLINGTON MANAGEMENT GROUP LLP invested $401,000 in shares of TIGR during the first quarter. In the first quarter, CUBIST SYSTEMATIC STRATEGIES, LLC acquired a new stake in UP Fintech Holding Limited valued at approximately $198,000. VIRTU FINANCIAL LLC acquired a new stake in TIGR for approximately $147,000. GTS SECURITIES LLC purchased a new stake in TIGR valued at around $139,000 in the second quarter. In total, there are 63 active investors with 5.00% ownership of the company’s stock.
Wednesday morning saw UP Fintech Holding Limited (NASDAQ: TIGR) opened at $4.4100. 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 $3.3869 and a two-hundred day moving average price translates $3.6352 for the stock.
The latest earnings results from UP Fintech Holding Limited (NASDAQ: TIGR) was released for Jun, 2023. According to the Capital Markets Company, earnings per share came in at $0.08, beating analysts’ expectations of $0.04 by 0.04. This compares to -$0.01 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 $66.06 million for the quarter, compared to $53.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.52 percent. For the current quarter, analysts expect TIGR to generate $44.18M 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.
