Market Analysts see UP Fintech Holding Limited [TIGR] gaining to $21.10. Time to buy?

UP Fintech Holding Limited [NASDAQ: TIGR] traded at a low on 08/03/21, posting a -3.74 loss after which it closed the day’ session at $16.75. The company report on June 25, 2021 that UP Fintech Holding Limited’s Singapore Subsidiary Receives Approval-in-Principle Regarding Securities Trading and Clearing in Singapore.

UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, announced that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd. or (“TBSPL”) has received approval-in-principle to be admitted as a Clearing Member of The Central Depository (Pte) Limited (“CDP”). TBSPL also received approval-in-principle from Singapore Exchange Securities Trading Limited (“SGX”) as well as Singapore Exchange Derivatives Trading Limited for admission as a trading member.

The Company expects to use these approvals-in-principle to improve the user experience and services it offers to clients. TBSPL looks forward to developing its partnerships with CDP and SGX and strengthening its presence in the Singapore market.

The results of the trading session contributed to over 4606370 shares changing hands. Over the past one week, the price volatility of UP Fintech Holding Limited stands at 10.10% while the volatility over the past one month is 10.27%.

The market cap for TIGR stock reached $2.76 billion, with 141.88 million shares outstanding and 128.69 million shares in the current float. Compared to the average trading volume of 9.03M shares, TIGR reached a trading volume of 4606370 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]?

Goldman have made an estimate for UP Fintech Holding Limited shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 14, 2021.

The Average True Range (ATR) for UP Fintech Holding Limited is set at 1.98, with the Price to Sales ratio for TIGR stock in the period of the last 12 months amounting to 14.02. The Price to Book ratio for the last quarter was 9.20, with the Price to Cash per share for the same quarter was set at 1.18.

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 15.28. With this latest performance, TIGR shares dropped by -34.49% in over the last four-week period, additionally sinking by -17.08% over the last 6 months – not to mention a rise of 201.80% 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 41.36, with the RSI for the last a single of trading hit 42.45, and the three-weeks RSI is set at 42.34 for UP Fintech Holding Limited [TIGR]. The present Moving Average for the last 50 days of trading for this stock 22.23, while it was recorded at 16.66 for the last single week of trading, and 16.59 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 +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.

Insider trade positions for UP Fintech Holding Limited [TIGR]

There are presently around $218 million, or 10.30% 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 7.41% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 1,507,085 shares of the stock with an approximate value of $25.24 million in TIGR stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $21.83 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 August and at the time of the August reporting period, where 62 institutional holders increased their position in UP Fintech Holding Limited [NASDAQ:TIGR] by around 10,037,512 shares. Additionally, 24 investors decreased positions by around 4,603,038 shares, while 1 investors held positions by with 1,626,122 shares. The mentioned changes placed institutional holdings at 13,014,428 shares, according to the latest SEC report filing. TIGR stock had 38 new institutional investments in for a total of 5,877,919 shares, while 12 institutional investors sold positions of 1,451,009 shares during the same period.

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