UP Fintech Holding Limited (NASDAQ:TIGR) currently has a daily average trading volume of 1.01M but it saw 1133047 shares traded on Wednesday. With a market cap of 399.21M USD, stock’s current market price of $2.66 came falling about -1.12 while comparing to the previous closing price of $2.69. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.79 and as low as $2.31. In the recent trading on the day, stock has struck highest price mark of $2.69 while lowest mark touched by it was $2.56.
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Taking a look at 20-day trading activity of UP Fintech Holding Limited (TIGR) gives us an average price of $2.75, while its current price level is -54.06% below from 52-week high level whereas it is 15.15% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.00 while that of 200 days or SMA-200 reads an average of $3.74. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.27% during that period while stretching the period over a month that decreases to 4.69%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.23 which implies that the stock is in neutral territory.
The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.45 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $6.32. Average price target assigned by them is $4.13 which highlights an upside potential of 35.59% for the stock over that period. And to attain the median price target of $4.10 assigned by those analysts, stock has to add about 35.12% of value to its current levels.
Over the week, TIGR’s stock price is moving 1.53% up while it is -6.34% when we observe its performance for the past one month. Year-to-date it is -21.99% down and over the past year, the stock is showing a downside performance of -29.44%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2021, when its quarterly earnings per share (EPS) of -$0.04 beaten by the consensus estimate of $0.27 for the same. For TIGR, analysts are forecasting an EPS-growth rate of 1,200.00% for current year and estimate for EPS growth in next year is 81.80%. In next quarter, company is expected to be making quarterly sales of $44.65 million as analysts are expecting the sales for current fiscal year at $245.31 million and seeing the company making $313.67 million in sales next year. Moreover, analysts are in estimates of $45.06 million for current-quarter revenue.
Currently, UP Fintech Holding Limited’s total number of outstanding shares is 153.58M with 22.99% of that held by the insiders while 5.07% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.40% and return on equity (ROE) at -0.50%. It has a 12.09 of forward P/E ratio. Stock’s beta reads 1.38. Stock has a price to book (P/B) ratio of 0.91 while price to sale or P/S ratio amounts to 1.77. Its return on asset (ROA) is -0.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Global Internet Leaders SICAV-FIS came shrinking its share ownership by 1,032.61% in the UP Fintech Holding Limited (TIGR) increasing its stake to 1.42% with control over 1.9 million shares in the company. As per SEC documents, Global Internet Leaders SICAV-FIS shunned 2,085,697 of company’s common stock of worth $6.09 million as per recent closing price of the stock. Global Internet Leaders SICAV-FIS is not the only institutional holder which restructured its stake in UP Fintech Holding Limited, as BIT Global Internet Leaders 30 dumped 1,209,434 shares of worth $3.53 million to bring its holdings to a total of -0.8 million shares.
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