UP Fintech (NASDAQ:TIGR) Hits New 12-Month Low – Here’s Why

UP Fintech Holding Limited (NASDAQ:TIGR)’s share price reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $3.95 and last traded at $3.9550, with a volume of 174,285 shares. The stock had previously closed at $4.07.

Wall Street Analysts Forecast Growth

TIGR has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $7.70 price target on shares of UP Fintech in a report on Thursday, August 27th. Zacks Research raised shares of UP Fintech to a “hold” rating in a research note on Monday, September 14th. Wall Street Zen upgraded shares of UP Fintech from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Weiss Ratings cut shares of UP Fintech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.51.

UP Fintech Stock Performance

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.06. The firm has a market cap of $723.71 million, a PE ratio of 6.48 and a beta of 0.42. The firm’s 50 day simple moving average is $4.63 and its 200 day simple moving average is $5.90.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. UP Fintech had a return on equity of 13.11% and a net margin of 16.22%. The business had revenue of $182.27 million for the quarter, compared to the consensus estimate of $153.93 million. On average, research analysts forecast that UP Fintech Holding Limited will post 0.42 EPS for the current fiscal year.

Institutional Trading of UP Fintech

Several hedge funds and other institutional investors have recently bought and sold shares of TIGR. Hsbc Holdings PLC purchased a new stake in shares of UP Fintech in the first quarter worth about $67,000. AXQ Capital LP acquired a new stake in shares of UP Fintech in the second quarter valued at approximately $72,000. Castleview Partners LLC purchased a new position in shares of UP Fintech during the 1st quarter worth $74,000. Public Employees Retirement System of Ohio purchased a new stake in shares of UP Fintech in the 2nd quarter valued at approximately $76,000. Finally, IPG Investment Advisors LLC increased its position in shares of UP Fintech by 66.4% during the 2nd quarter. IPG Investment Advisors LLC now owns 26,370 shares of the company’s stock worth $116,000 after purchasing an additional 10,520 shares during the last quarter. Institutional investors own 9.03% of the company’s stock.

About UP Fintech

UP Fintech Holding Limited, operating under the Tiger Brokers brand, is a technology-driven online brokerage serving investors in China and other international markets. The company provides digital investment and trading services through its Tiger Trade platform, which is designed to give individual investors access to global financial markets.

Its services include brokerage accounts, trading in stocks, exchange-traded funds, options and futures, as well as market data, research tools and other investment-related services.