The stock of UP Fintech Holding Limited (NASDAQ:TIGR) last traded at $3.27, up 7.21% from the previous session.
Data from the available sources indicates that UP Fintech Holding Limited (NASDAQ:TIGR) is covered by 4 analysts. 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. TIGR stock price is now 13.82% away from the 50-day moving average and -9.78% away from the 200-day moving average. The market capitalization of the company currently stands at $490.96M.
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In total, 2 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $3.25 as their price target over the next twelve months.
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 $59,000. PROFUND ADVISORS LLC invested $42,000 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 $41,000. 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.
With an opening price of $3.1000 on Thursday 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 0.34, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for TIGR is $2.8805 and a two-hundred day moving average price translates $3.6248 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.
