UP Fintech (NASDAQ:TIGR) Reaches New 1-Year Low – Time to Sell?

UP Fintech Holding Limited (NASDAQ:TIGR)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $5.95 and last traded at $6.30, with a volume of 3436425 shares trading hands. The stock had previously closed at $6.08.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TIGR. Citigroup boosted their price objective on shares of UP Fintech to $17.50 and gave the stock a “buy” rating in a research note on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $4.73 target price on shares of UP Fintech in a report on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.83.

UP Fintech Stock Performance

The stock has a market cap of $1.18 billion, a P/E ratio of 6.92, a P/E/G ratio of 0.22 and a beta of 0.43. The firm has a 50 day moving average of $7.74 and a two-hundred day moving average of $9.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 1.12.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%.The company had revenue of $156.54 million for the quarter, compared to the consensus estimate of $142.01 million.

Hedge Funds Weigh In On UP Fintech

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in UP Fintech in the 2nd quarter valued at $33,000. GeoWealth Management LLC bought a new position in shares of UP Fintech during the 4th quarter worth about $35,000. Bayforest Capital Ltd bought a new position in shares of UP Fintech during the 3rd quarter worth about $66,000. SBI Securities Co. Ltd. raised its position in shares of UP Fintech by 21.2% during the third quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company’s stock valued at $83,000 after buying an additional 1,355 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of UP Fintech during the fourth quarter valued at about $94,000. Institutional investors own 9.03% of the company’s stock.

UP Fintech Company Profile

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.