UP Fintech Holding Ltd ADR (NASDAQ:TIGR) traded with an addition of $0.05 to close at $5.17on Friday, an upside of 0.97 percent. An average of 1,050,520 shares of common stock have been traded in the last five days. There was a gain of $0.16 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 2,061,915 shares traded, while the 50-day average volume stands at 2,013,776.
TIGR stock has increased by 12.14% in the last month. The company shares reached their 1-month lowest point of $4.37 on 08/30/23. With the stock rallying to its 52-week high on 09/06/23, shares of the company touched a low of $2.31 and a high of $5.80 in 52 weeks. It has reached a new high 15 times so far this year and achieved 51.60% or $1.73 in price. In spite of this, the price is down -10.87% from the 52-week high.
Valuation Metrics
UP Fintech Holding Ltd ADR (TIGR) has a trailing price-to-earnings (P/E) ratio of 32.31, which compares with the N/A for the broader industry. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.06, the price-to-book (PB) ratio at 1.72.
Financial Health
Further, the company has a long term debt to equity ratio of 0.34 and a total debt to equity ratio of 0.36 for the quarter ending June 29. Its gross profit as reported stood at $20.4 million compared to revenue of $225.37 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$2.19 million in the quarter, while revenues were grew 770.78%. The analyst consensus anticipated UP Fintech Holding Ltd ADR’s latest quarter earnings to come in at $0.04 per share, but it turned out to be $0.08, a 100.00% surprise. For the quarter, EBITDA amounted to $20.55 million. At the end of the quarter ending June 29, UP Fintech Holding Ltd ADR’s stock balance sheet showed total debt was $165.7 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at UP Fintech Holding Ltd ADR (TIGR) price momentum. RSI 9-day as of the close on 28 September was 59.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.78%.
As of today, TIGR’s price is $5.11 +3.11% or $0.16 from its 5-day moving average. TIGR is currently trading +4.79% higher than its 20-day SMA and +77.41% higher than its 100-day SMA. However, the stock’s current price level is +63.85% above the SMA50 and -0.10% below the SMA200.
The stochastic %K and %D were 46.74% and 45.65%, respectively, and the average true range (ATR) was 0.33. With the 14-day stochastic at 51.32% and the average true range at 0.33, the RSI (14) stands at 60.80%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.01.
Analyst Ratings
Daiwa Securities upgraded UP Fintech Holding Ltd ADR (NASDAQ: TIGR) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for UP Fintech Holding Ltd ADR (TIGR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TIGR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
What is TIGR’s price target for the next 12 months?
Analysts predict a range of price targets between $4.98 and $7.37, with a median target of $5.92. Taking a look at these predictions, the average price target given by analysts for UP Fintech Holding Ltd ADR (TIGR) stock is $6.07.
