The stock of UP Fintech Holding Ltd ADR (NASDAQ: TIGR) has increased by 7.45 when compared to last closing price of 4.70.Despite this, the company has seen a gain of 3.70% in its stock price over the last five trading days. GlobeNewsWire reported 2023-11-14 that SINGAPORE, Nov. 14, 2023 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (“UP Fintech” or the “Company”) (NASDAQ: TIGR), a leading online brokerage firm focusing on global investors, today announced that it will report its financial results for the third quarter ended September 30, 2023, before the U.S. market opens on November 27, 2023.
Is It Worth Investing in UP Fintech Holding Ltd ADR (NASDAQ: TIGR) Right Now?
The price-to-earnings ratio for UP Fintech Holding Ltd ADR (NASDAQ: TIGR) is 31.56x, which is above its average ratio. Moreover, the 36-month beta value for TIGR is 1.29. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price recommended by analysts for UP Fintech Holding Ltd ADR (TIGR) is $6.07, which is $1.02 above the current market price. The public float for TIGR is 149.19M and currently, short sellers hold a 2.54% of that float. On November 20, 2023, TIGR’s average trading volume was 1.63M shares.
TIGR’s Market Performance
TIGR’s stock has seen a 3.70% increase for the week, with a 11.23% rise in the past month and a 50.75% gain in the past quarter. The volatility ratio for the week is 5.00%, and the volatility levels for the past 30 days are at 4.77% for UP Fintech Holding Ltd ADR. The simple moving average for the past 20 days is 7.84% for TIGR’s stock, with a 34.93% simple moving average for the past 200 days.
TIGR Trading at 2.94% from the 50-Day Moving Average
After a stumble in the market that brought TIGR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.93% of loss for the given period.
Volatility was left at 4.77%, however, over the last 30 days, the volatility rate increased by 5.00%, as shares surge +10.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.44% lower at present.
During the last 5 trading sessions, TIGR rose by +2.57%, which changed the moving average for the period of 200-days by +14.83% in comparison to the 20-day moving average, which settled at $4.71. In addition, UP Fintech Holding Ltd ADR saw 48.09% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TIGR
Equity return is now at value 5.68, with 0.71 for asset returns.
To wrap up, the performance of UP Fintech Holding Ltd ADR (TIGR) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.