UP Fintech (NASDAQ:TIGR) Hits New 52-Week Low – Should You Sell?

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup increased their price objective on UP Fintech to $17.50 and gave the stock a “buy” rating in a report on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $4.73 target price on shares of UP Fintech in a research report on Friday, December 5th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, UP Fintech presently has a consensus rating of “Hold” and an average price target of $11.83.

UP Fintech Price Performance

The company’s 50-day simple moving average is $7.74 and its 200 day simple moving average is $9.01. The company has a market capitalization 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 company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.06.

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

Institutional Trading of UP Fintech

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital International Investors acquired a new position in shares of UP Fintech during the 4th quarter valued at about $47,855,000. Jupiter Asset Management Ltd. raised its stake in shares of UP Fintech by 157.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 4,216,229 shares of the company’s stock valued at $40,307,000 after acquiring an additional 2,577,459 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in UP Fintech by 282.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,247,099 shares of the company’s stock worth $31,335,000 after purchasing an additional 2,397,261 shares during the last quarter. National Bank of Canada FI boosted its position in UP Fintech by 450.4% during the third quarter. National Bank of Canada FI now owns 1,976,720 shares of the company’s stock worth $21,092,000 after purchasing an additional 1,617,600 shares during the period. Finally, Jump Financial LLC bought a new stake in UP Fintech during the second quarter worth approximately $12,993,000. Institutional investors and hedge funds 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.