why UP Fintech Holding Limited [TIGR] is a Good Choice for Investors After New Price Target of $6.70

UP Fintech Holding Limited [NASDAQ: TIGR] jumped around 0.58 points on Monday, while shares priced at $5.96 at the close of the session, up 10.78%. The company report on November 11, 2020 that UP Fintech Holding Limited to Report Third Quarter 2020 Financial Results on November 25, 2020.

UP Fintech Holding Limited (“UP Fintech” or the “Company”) (NASDAQ: TIGR), a leading online brokerage firm focusing on global investors, announced that it will report its financial results for the third quarter ended September 30, 2020 before the U.S. market opens on November 25, 2020.

UP Fintech’s management will hold an earnings conference call at 8:00 AM on November 25, 2020, U.S. Eastern Time (9:00 PM on November 25, 2020 Beijing/Hong Kong Time).

UP Fintech Holding Limited stock is now 67.89% up from its year-to-date (YTD) trading value. TIGR Stock saw the intraday high of $6.10 and lowest of $5.68 per share. The company’s 52-week high price is 7.60, which means current price is +193.60% above from all time high which was touched on 07/09/20.

Compared to the average trading volume of 640.06K shares, TIGR reached a trading volume of 2315694 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about UP Fintech Holding Limited [TIGR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TIGR shares is $6.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TIGR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for UP Fintech Holding Limited is set at 0.30, with the Price to Sales ratio for TIGR stock in the period of the last 12 months amounting to 8.95. The Price to Book ratio for the last quarter was 3.92, with the Price to Cash per share for the same quarter was set at 0.50.

How has TIGR stock performed recently?

UP Fintech Holding Limited [TIGR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.18. With this latest performance, TIGR shares gained by 25.74% in over the last four-week period, additionally plugging by 79.52% over the last 6 months – not to mention a rise of 55.61% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TIGR stock in for the last two-week period is set at 71.13, with the RSI for the last a single of trading hit 77.56, and the three-weeks RSI is set at 65.58 for UP Fintech Holding Limited [TIGR]. The present Moving Average for the last 50 days of trading for this stock 4.84, while it was recorded at 5.29 for the last single week of trading, and 4.22 for the last 200 days.

UP Fintech Holding Limited [TIGR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and UP Fintech Holding Limited [TIGR] shares currently have an operating margin of -21.27 and a Gross Margin at +87.04. UP Fintech Holding Limited’s Net Margin is presently recorded at -11.58.

Return on Total Capital for TIGR is now -7.62, given the latest momentum, and Return on Invested Capital for the company is -4.23. Return on Equity for this stock declined to -4.28, with Return on Assets sitting at -1.43. When it comes to the capital structure of this company, UP Fintech Holding Limited [TIGR] has a Total Debt to Total Equity ratio set at 2.76. Additionally, TIGR Total Debt to Total Capital is recorded at 2.68, with Total Debt to Total Assets ending up at 0.72. Long-Term Debt to Equity for the company is recorded at 1.62, with the Long-Term Debt to Total Capital now at 1.58.

Reflecting on the efficiency of the workforce at the company, UP Fintech Holding Limited [TIGR] managed to generate an average of -$10,155 per employee. Receivables Turnover for the company is 0.35 with a Total Asset Turnover recorded at a value of 0.12.

Insider trade positions for UP Fintech Holding Limited [TIGR]

There are presently around $29 million, or 0.80% of TIGR stock, in the hands of institutional investors. The top three institutional holders of TIGR stocks are: MORGAN STANLEY with ownership of 1,400,821, which is approximately 20166.508% of the company’s market cap and around 2.38% of the total institutional ownership; GOLDMAN SACHS GROUP INC, holding 913,522 shares of the stock with an approximate value of $5.45 million in TIGR stocks shares; and MARSHALL WACE, LLP, currently with $4.23 million in TIGR stock with ownership of nearly 1147.902% of the company’s market capitalization.

Positions in UP Fintech Holding Limited stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 24 institutional holders increased their position in UP Fintech Holding Limited [NASDAQ:TIGR] by around 4,329,014 shares. Additionally, 7 investors decreased positions by around 324,208 shares, while 3 investors held positions by with 285,717 shares. The mentioned changes placed institutional holdings at 4,938,939 shares, according to the latest SEC report filing. TIGR stock had 16 new institutional investments in for a total of 1,241,649 shares, while 3 institutional investors sold positions of 38,648 shares during the same period.

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