UP Fintech Holding Limited [TIGR] Stock trading around $5.57 per share: What’s Next?

Related

UP Fintech Holding Limited [NASDAQ: TIGR] price surged by 5.49 percent to reach at $0.29. The company report on November 30, 2021 that UP Fintech Achieved Annual Target for New Account Growth.

UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “TIGR”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm focusing on global investors, reported its unaudited financial results for the third quarter ended September 30, 2021. Total revenues were US$60.8 million, a 59.6% increase from the third quarter of 2020. Non-GAAP net income was US$5.3 million.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


In the quarter, the Company’s internationalization strategy demonstrated substantial progress. By the end of the third quarter, customer accounts increased by 117,800 to 1.77 million, nearly twice that of the same period last year. The number of customers with deposits increased to 612,000, nearly 3 times that of the same period last year. Notably, over 80% of newly funded accounts in Q3 came from overseas. The Company has acquired 353,300 funded accounts this year, surpassing the 350,000 new funded account guidance it set out earlier this year.

A sum of 13890709 shares traded at recent session while its average daily volume was at 9.03M shares. UP Fintech Holding Limited shares reached a high of $5.64 and dropped to a low of $4.625 until finishing in the latest session at $5.57.

The one-year TIGR stock forecast points to a potential upside of 74.31. The average equity rating for TIGR stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $21.68 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 2.00. 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.

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 0.63, with the Price to Sales ratio for TIGR stock in the period of the last 12 months amounting to 3.75. The Price to Book ratio for the last quarter was 1.93, with the Price to Cash per share for the same quarter was set at 2.08.

TIGR Stock Performance Analysis:

UP Fintech Holding Limited [TIGR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.75. With this latest performance, TIGR shares dropped by -21.10% in over the last four-week period, additionally sinking by -79.21% over the last 6 months – not to mention a drop of -2.62% 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 32.27, with the RSI for the last a single of trading hit 31.69, and the three-weeks RSI is set at 33.21 for UP Fintech Holding Limited [TIGR]. The present Moving Average for the last 50 days of trading for this stock 8.07, while it was recorded at 5.69 for the last single week of trading, and 16.40 for the last 200 days.

Insight into UP Fintech Holding Limited 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 10.09, given the latest momentum, and Return on Invested Capital for the company is 7.07. Return on Equity for this stock inclined to 7.18, 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 $20,465 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.

>> 7 Top Picks for the Post-Pandemic Economy <<

UP Fintech Holding Limited [TIGR] Insider Position Details

There are presently around $149 million, or 20.80% of TIGR stock, in the hands of institutional investors. The top three institutional holders of TIGR stocks are: BLACKROCK INC. with ownership of 3,285,535, which is approximately 2.492% of the company’s market cap and around 7.41% of the total institutional ownership; TWO SIGMA INVESTMENTS, LP, holding 2,570,669 shares of the stock with an approximate value of $14.32 million in TIGR stocks shares; and BANK OF AMERICA CORP /DE/, currently with $8.84 million in TIGR stock with ownership of nearly 149.621% of the company’s market capitalization.

73 institutional holders increased their position in UP Fintech Holding Limited [NASDAQ:TIGR] by around 10,868,781 shares. Additionally, 57 investors decreased positions by around 9,661,914 shares, while 11 investors held positions by with 6,215,960 shares. The mentioned changes placed institutional holdings at 26,746,655 shares, according to the latest SEC report filing. TIGR stock had 23 new institutional investments in for a total of 2,919,046 shares, while 35 institutional investors sold positions of 5,687,543 shares during the same period.