The stock of UP Fintech Holding Limited (NASDAQ:TIGR) increased by $0.88 on Tuesday to at $4.49, up 24.38 percent. The last five days have seen an average of 2,185,314 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $0.93. The average number of shares traded over the last 20 days was 1,370,689, while the average volume over the last 50 days totaled 1,122,068.
TIGR stock appreciated 1.13% since last month. On 08/16/23, the company’s shares reached a one-month low of $3.21. The stock touched a high of $5.79 on 08/01/23, after rallying from a low of $2.31 in 52 weeks. The price of TIGR stock has risen by 31.67% or $0.93 this year, reaching a new high 10 times. Still, the stock price is down -22.45% from the 52-week high.
Valuation Metrics
UP Fintech Holding Limited (TIGR) has a trailing price-to-earnings (P/E) ratio of 61.51. Beta for the stock is 1.41. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.84, the price-to-book (PB) ratio of 1.51.
Financial Health
For the three months ended March 30, UP Fintech Holding Limited’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.34, and the total debt to equity ratio is 0.34. As far as profitability goes, gross margin for the trailing twelve months is 84.50% percent. UP Fintech Holding Limited’s operating margin stood at 8.20% for the same period. Based on annual data, it had gross profit of $20.4 million and revenue of $225.37 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TIGR’s return on assets (ROA) during the last 12 months has been 0.30%. There was a -0.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.60%.
Earnings Surprise
According to UP Fintech Holding Limited’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $225.37 million, while revenues fell by -17.36% to $0.0. It was predicted that UP Fintech Holding Limited’s quarterly earnings would be $0.05, but it ended up being $0.03, beating the consensus by 66.70%. EBITDA was $20.41 million for the quarter. At the end of UP Fintech Holding Limited’s most recent quarter ended March 30, its total debt was $167.42 million.
Technical Picture
Here’s a quick look at UP Fintech Holding Limited’s (TIGR) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 76.42%, suggesting the stock is Overbought, with a 90.16% historical volatility rate.
The stochastic %K and %D were 51.56% and 35.00% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 85.61%, the RSI (14) reading is 69.14%. On the 9-day MACD Oscillator, the stock is at 0.28, and the 14-day reading is at 0.28.
Analyst Ratings
Analysts have assigned UP Fintech Holding Limited (TIGR) an Overweight rating. TIGR is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is TIGR’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.80 and $4.10, with a median target price of $3.26. In analyzing these forecasts, the average price target given by analysts for UP Fintech Holding Limited (TIGR) is $3.39.
