UP Fintech Holding Limited (NASDAQ:TIGR) saw a downside of -0.89% to close Friday at $3.34 after subtracting -$0.03 on the day. The 5-day average trading volume is 870,540 shares of the company’s common stock. It has gained $3.55 in the past week and touched a new high 2 times within the past 5 days. An average of 1,493,915 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 992,696.
TIGR’s 1-month performance is 6.37% or $0.31 on its low of $3.01 reached on 07/24/23. The company’s shares have touched a 52-week low of $2.31 and high of $5.79, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, TIGR has lost -2.05% or -$0.07 and has reached a new high 10 times. However, the current price is down -42.31% from the 52-week high price.
Valuation Metrics
TIGR stock has a beta of 1.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.18 while the price-to-book (PB) in the most recent quarter is 1.12.
UP Fintech Holding Limited’s quick ratio for the period ended March 31 was 1.20, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending March 31 was 0.34, while the total debt to equity was 0.34. In terms of profitability, the gross margin trailing 12 months is 84.50%. The firm’s gross profit as reported stood at $20.4 million against revenue of $225.37 million.
Earnings Surprise
For the quarterly period ending March 31 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 770.78% to -$2.19 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected TIGR to announce $0.03 per share in earnings in its latest quarter, but it posted $0.05, representing a 66.70% surprise. EBITDA for the quarter stood at more than $20.41 million.
Let’s look briefly at UP Fintech Holding Limited (TIGR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 37.75% to suggest the stock is trending Neutral, with historical volatility in this time period at 48.20%.
The stock’s 5-day moving average is $3.38, reflecting a -5.38% or -$0.19 change from its current price. TIGR is currently trading +10.60% above its 20-day SMA, +7.74% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.71% and SMA200 by-9.73%.
Stochastic %K and %D was 10.79% and 10.51% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 44.58%, while the 14-day stochastic is at 9.35% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at -0.21 and -0.40 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for TIGR stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate TIGR as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is TIGR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.80 and a high of $4.10, with their median price target at $3.05. Looking at these predictions, the average price target given by analysts is for UP Fintech Holding Limited (TIGR) stock is $3.25.
