UP Fintech Holding Limited [TIGR] is 235.26% higher this YTD. Is it still time to buy?

UP Fintech Holding Limited [NASDAQ: TIGR] surged by $2.54 during the normal trading session on Wednesday and reaching a high of $26.84 during the day while it closed the day at $26.62. The company report on June 11, 2021 that UP Fintech Announces Closing of Follow-on Public Offering of American Depositary Shares and Full Exercise of Over-allotment Option.

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UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, announced the closing of its public offering of 6,500,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, at a public offering price of US$24.50 per ADS. The Company granted the underwriters a 30-day option to purchase up to an aggregate of 975,000 additional ADSs from the Company at the public offering price. The underwriters fully exercised their option to purchase these additional ADSs.

The Company expects to use the net proceeds from the ADS offering to (i) expand its customer base and drive customer engagement with its services, (ii) invest in expanding its products, services and technologies to enhance its user experience and operating efficiency, and (iii) expand its international presence.

UP Fintech Holding Limited stock has also gained 8.61% of its value over the past 7 days. However, TIGR stock has inclined by 66.17% in the 3 months of the year. Over the past six months meanwhile, it has gained 351.19% and gained 235.26% year-on date.

The market cap for TIGR stock reached $4.31 billion, with 141.88 million shares outstanding and 128.69 million shares in the current float. Compared to the average trading volume of 9.77M shares, TIGR reached a trading volume of 10445910 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $28.97 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 1.80. 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 2.51, with the Price to Sales ratio for TIGR stock in the period of the last 12 months amounting to 21.91. The Price to Book ratio for the last quarter was 14.63, with the Price to Cash per share for the same quarter was set at 1.20.

TIGR stock trade performance evaluation

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 8.61. With this latest performance, TIGR shares gained by 55.31% in over the last four-week period, additionally plugging by 351.19% over the last 6 months – not to mention a rise of 520.51% 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 58.84, with the RSI for the last a single of trading hit 59.30, and the three-weeks RSI is set at 58.07 for UP Fintech Holding Limited [TIGR]. The present Moving Average for the last 50 days of trading for this stock 21.09, while it was recorded at 24.74 for the last single week of trading, and 14.38 for the last 200 days.

UP Fintech Holding Limited [TIGR]: An insightful look at the core 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 +16.62 and a Gross Margin at +83.19. UP Fintech Holding Limited’s Net Margin is presently recorded at +11.41.

Return on Total Capital for TIGR is now 10.11, given the latest momentum, and Return on Invested Capital for the company is 7.08. Return on Equity for this stock inclined to 7.19, with Return on Assets sitting at 1.07. 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 3.06. Additionally, TIGR Total Debt to Total Capital is recorded at 2.97, with Total Debt to Total Assets ending up at 0.33. Long-Term Debt to Equity for the company is recorded at 1.57, with the Long-Term Debt to Total Capital now at 1.52.

Reflecting on the efficiency of the workforce at the company, UP Fintech Holding Limited [TIGR] managed to generate an average of $20,500 per employee. Receivables Turnover for the company is 0.19 with a Total Asset Turnover recorded at a value of 0.09.UP Fintech Holding Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

UP Fintech Holding Limited [TIGR]: Insider Ownership positions

There are presently around $359 million, or 9.60% of TIGR stock, in the hands of institutional investors. The top three institutional holders of TIGR stocks are: KERRISDALE ADVISERS, LLC with ownership of 1,557,647, which is approximately New of the company’s market cap and around 8.66% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 1,507,085 shares of the stock with an approximate value of $40.12 million in TIGR stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $34.69 million in TIGR stock with ownership of nearly New of the company’s market capitalization.

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Positions in UP Fintech Holding Limited stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 61 institutional holders increased their position in UP Fintech Holding Limited [NASDAQ:TIGR] by around 10,547,568 shares. Additionally, 18 investors decreased positions by around 3,876,233 shares, while 1 investors held positions by with 946,026 shares. The mentioned changes placed institutional holdings at 13,477,775 shares, according to the latest SEC report filing. TIGR stock had 38 new institutional investments in for a total of 6,336,477 shares, while 9 institutional investors sold positions of 753,999 shares during the same period.

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