UP Fintech Holding Ltd ADR [NASDAQ: TIGR] price surged by 6.28 percent to reach at $0.27.
The one-year TIGR stock forecast points to a potential upside of 13.15. The average equity rating for TIGR stock is currently 2.40, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on UP Fintech Holding Ltd ADR [TIGR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TIGR shares is $5.17 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 2.40. 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.
Daiwa Securities have made an estimate for UP Fintech Holding Ltd ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 05, 2023. While these analysts kept the previous recommendation, China Renaissance dropped their target price from $38.50 to $3.80. The new note on the price target was released on May 19, 2022, representing the official price target for UP Fintech Holding Ltd ADR stock. Previously, the target price had yet another raise to $6.60, while Daiwa Securities analysts kept a Buy rating on TIGR stock.
The Average True Range (ATR) for UP Fintech Holding Ltd ADR is set at 0.26, with the Price to Sales ratio for TIGR stock in the period of the last 12 months amounting to 2.37. The Price to Book ratio for the last quarter was 1.41, with the Price to Cash per share for the same quarter was set at 4.14.
TIGR Stock Performance Analysis:
UP Fintech Holding Ltd ADR [TIGR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.20. With this latest performance, TIGR shares gained by 14.71% in over the last four-week period, additionally plugging by 6.03% over the last 6 months – not to mention a rise of 43.29% 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 63.11, with the RSI for the last a single of trading hit 65.75, and the three-weeks RSI is set at 60.90 for UP Fintech Holding Ltd ADR [TIGR]. The present Moving Average for the last 50 days of trading for this stock 3.76, while it was recorded at 4.22 for the last single week of trading, and 4.24 for the last 200 days.
UP Fintech Holding Ltd ADR [TIGR] Institutonal Ownership Details
The top three institutional holders of TIGR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TIGR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TIGR stock with ownership which is approximately 5.8386%.
