UP Fintech (NASDAQ:TIGR) Hits New 1-Year Low – Here’s What Happened

UP Fintech Holding Limited (NASDAQ:TIGR)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.92 and last traded at $5.9880, with a volume of 530690 shares. The stock had previously closed at $6.02.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research note on Monday, April 20th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.83.

UP Fintech Stock Down 1.7%

The business’s 50 day moving average price is $6.75 and its 200-day moving average price is $8.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $1.12 billion, a P/E ratio of 6.50, a PEG ratio of 0.22 and a beta of 0.53.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. UP Fintech had a net margin of 28.82% and a return on equity of 21.87%. The business had revenue of $156.54 million for the quarter, compared to the consensus estimate of $142.01 million. On average, analysts anticipate that UP Fintech Holding Limited will post 0.78 earnings per share for the current fiscal year.

Institutional Trading of UP Fintech

Several hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of UP Fintech in the second quarter valued at approximately $33,000. GeoWealth Management LLC bought a new position in UP Fintech in the 4th quarter worth approximately $35,000. Hsbc Holdings PLC acquired a new position in UP Fintech during the 1st quarter worth $67,000. Castleview Partners LLC acquired a new position in UP Fintech during the 1st quarter worth $74,000. Finally, SBI Securities Co. Ltd. boosted its position in UP Fintech by 21.2% in the 3rd 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. 9.03% of the stock is owned by institutional investors.

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.