The stock of UP Fintech Holding Limited (NASDAQ:TIGR) last traded at $5.50, up 0.18% from the previous session.
Data from the available sources indicates that UP Fintech Holding Limited (NASDAQ:TIGR) is covered by 6 analysts. 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 $4.98, we find $5.92. Given the previous closing price of $5.49, this indicates a potential upside of 7.83 percent. TIGR stock price is now 55.80% away from the 50-day moving average and 51.01% away from the 200-day moving average. The market capitalization of the company currently stands at $807.07M.
In total, 1 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $6.07 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 $1,790,000. WELLINGTON MANAGEMENT GROUP LLP invested $478,000 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 $237,000. VIRTU FINANCIAL LLC acquired a new stake in TIGR for approximately $176,000. GTS SECURITIES LLC purchased a new stake in TIGR valued at around $166,000 in the second quarter. In total, there are 63 active investors with 5.00% ownership of the company’s stock.
With an opening price of $5.50 on Wednesday morning, UP Fintech Holding Limited (NASDAQ: TIGR) set off the trading day. 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 0.33, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for TIGR is $3.59 and a two-hundred day moving average price translates $3.65 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 10.20% and return on equity was 5.70% 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 $207M in revenue.
