As of Thursday close, UP Fintech Holding Limited’s (NASDAQ:TIGR) stock was down -$0.12, moving down -2.44 percent to $4.79. The average number of shares traded per day over the past five days has been 1,456,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.57 fall in that time frame. In the last twenty days, the average volume was 3,055,730, while in the previous 50 days, it was 1,971,334.
Since last month, TIGR stock rose 42.99%. Shares of the company fell to $3.29 on 08/22/23, the lowest level in the past month. A 52-week high of $5.80 was reached on 09/06/23 after having rallying from a 52-week low of $2.31. Since the beginning of this year, TIGR’s stock price has risen by 40.47% or $1.38, and marked a new high 15 times. However, the stock has declined by -17.41% since its 52-week high.
Valuation Metrics
Right now, UP Fintech Holding Limited (TIGR) has a P/E ratio of about 29.94. The stock’s beta is 1.34. Besides these, the trailing price-to-sales (P/S) ratio of 3.01, the price-to-book (PB) ratio of 1.59.
Financial Health
In the three months ended June 29, UP Fintech Holding Limited’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.33, and the total debt-to-equity ratio was 0.33. On the profitability front, the trailing twelve-month gross margin is 83.30% percent. In the year ended June 29, operating margins totaled 12.60%. Based on annual data, TIGR earned $20.4 million in gross profit and brought in $225.37 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.40%. Return on equity (ROE) for the past 12 months was 5.70%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TIGR’s revenue fell -17.36% during the quarter, while net income inched up to $225.37 million. While analysts expected UP Fintech Holding Limited to report $0.04 quarterly earnings, the actual figure was $0.08 per share. During the quarter, the company generated $20.55 million in EBITDA.
Technical Picture
This quick technical analysis looks at UP Fintech Holding Limited’s (TIGR) price momentum. With a historical volatility rate of 29.28%, the RSI 9-day stood at 45.94% on 21 September.
With respect to its five-day moving average, the current UP Fintech Holding Limited price is down by -10.63% percent or -$0.57. At present, TIGR shares trade +38.04% above its 20-day simple moving average and +64.04% percent above its 100-day simple moving average. However, the stock is currently trading approximately +57.05% above its SMA50 and -11.13% below its SMA200.
Stochastic coefficient K was 28.71% and Stochastic coefficient D was 45.68%, while ATR was 0.33. Given the Stochastic reading of 11.40% for the 14-day period, the RSI (14) reading has been calculated as 54.04%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at -0.29.
Analyst Ratings
Daiwa Securities upgraded its rating on UP Fintech Holding Limited (NASDAQ: TIGR) to a Buy in a note to investors on September 05, 2023. The analysts firm previously had a Neutral rating on the stock.UP Fintech Holding Limited (TIGR) has been rated Overweight by analysts. According to 0 brokerage firms, TIGR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate UP Fintech Holding Limited stock as buy, with 4 recommending it as overweight.
With a median target price of $5.92, the current consensus forecast for the stock is $4.98 – $7.37. Based on these forecasts, analysts predict UP Fintech Holding Limited (TIGR) will achieve an average price target of $6.07.
