UP Fintech Holding Limited [NASDAQ: TIGR] It traded higher on 11/17/22, posting a 6.30 profit before closing the day’s session at $5.06. The Company reported on November 14, 2022 that UP Fintech Holding Ltd. will report third quarter 2022 financial results on November 23, 2022.
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UP Fintech’s management will hold an earnings conference call on November 23, 2022 at 8:00 am US Eastern Time (November 23, 2022 at 9:00 pm Singapore/Hong Kong time).
The results of the trading session contributed to the change of hands of over 2906596 shares. In the past one week, the price volatility of UP Fintech Holding Ltd. is 8.44%, while the volatility in the past one month is 7.43%.
The market cap of TIGR stock reached $741.59 million with 152.92 million shares outstanding and 104.61 million shares in the current float. Compared to the average trading volume of 1.24M shares, TIGR reached a trading volume of 2906596 shares in the most recent trading day, which is why market watchdogs consider the stock active.
What are the top market gurus saying about UP Fintech Holding Ltd? [TIGR],
Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on the target price for TIGR shares is $5.57 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on TIGR stock is a recommendation set at 2.00. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.
China Renaissance has an outlook for shares of UP Fintech Holding Ltd., keeping its view on the stock as Hold, in line with its previous recommendation on May 19, 2022. While these analysts kept the previous recommendation, Daiwa Securities raised their target price to Buy. The new note on Price Target issued on January 18, 2022, represents the official price target for UP Fintech Holding Ltd stock. Earlier, the target price was raised once again to $21.10, while analysts at Goldman maintained a Sell rating on TIGR stock.
The Average True Range (ATR) for UP Fintech Holding Ltd. is set at 0.30, with the Price to Sales ratio for TIGR stock at 3.24 over the trailing 12 months period. The Price to Book ratio for the previous quarter was 1.76, the Price to Cash per Share for the same quarter was set at 2.30.
How has TIGR stock performed recently?
UP Fintech Holding Limited [TIGR] Reach the green zone at the end of last week, in a positive trend and take profit till 21.05. With this latest performance, TIGR shares are up 47.95% over the past four-week period, as well as down 25.87% over the past 6 months — not to mention a -26.24% decline over the past year of trading.
Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for the TIGR stock for the last two-week period is set at 72.24, with the RSI for the last one trading hit at 74.75, and the three-week RSI for UP Fintech Holding Ltd. is set at 69.22. [TIGR], The current moving average for the last 50 days of trade of this stock is 3.69, while it was recorded at 4.81 for last one week and 4.09 for last 200 days.
UP Fintech Holding Limited [TIGR]: Deep Insight into the Fundamentals
The operating margin for any stock indicates how profitable the investment will be, and UP Fintech Holding Ltd. [TIGR] The shares currently have an operating margin of +6.68 and gross margin at +80.77. The Net Margin of UP Fintech Holding Ltd. is currently recorded at +5.55.
The Return on Equity for this stock is leaning at 4.31, with the Return on Assets sitting at 0.53.
The Liquidity data of UP Fintech Holding Ltd is equally interestingly compelling with Quick Ratio of 1.20 and Current Ratio set at 1.20.
Insider Trade Positions for UP Fintech Holding Limited [TIGR]
Institutional investors currently hold approximately $37 million, or 5.40%, of TIGR stock in hand. The top three institutional holders of TIGR stock are: BLACKROCK INC with ownership of 2,049,388, which accounts for approximately 5.553% of the company’s market cap and approximately 24.81% of total institutional ownership; Bank of America Corp. /DE/ holds 1,246,352 shares of stock with an approximate value of $6.31 million in TIGR stock shares; and STATE STREET CORP, with $3.47M in TIGR stock currently owning approximately 2.442% of the company’s market capitalization.
Shares positions of institutional investors in UP Fintech Holding Ltd. increased at the end of November and at the time of November reporting period, where 20 institutional holders increased their positions in UP Fintech Holding Ltd. [NASDAQ:TIGR] By approximately 803,326 shares. Additionally, 34 investors reduced positions by approximately 1,178,675 shares, while 13 investors reduced positions by 5,286,168 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 7,268,169 shares. There were 6 new institutional investments in TIGR stock for a total of 179,360 shares, while 15 institutional investors sold 459,773 shares during the same period.