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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
