UP Fintech (NASDAQ:TIGR) Hits New 52-Week Low – Here’s Why

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.83.

UP Fintech Stock Performance

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $6.75 and a 200 day moving average of $8.21. The stock has a market capitalization 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 announced its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $156.54 million for the quarter, compared to analyst estimates of $142.01 million. Research analysts anticipate that UP Fintech Holding Limited will post 0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in UP Fintech during the second quarter valued at approximately $33,000. GeoWealth Management LLC acquired a new position in shares of UP Fintech in the 4th quarter worth approximately $35,000. Hsbc Holdings PLC bought a new position in shares of UP Fintech during the 1st quarter worth approximately $67,000. Castleview Partners LLC bought a new position in shares of UP Fintech during the 1st quarter worth approximately $74,000. Finally, SBI Securities Co. Ltd. boosted its stake 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 in the last quarter. 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.