The stock of UP Fintech Holding Ltd ADR (NASDAQ: TIGR) has increased by 2.43 when compared to last closing price of 3.91.Despite this, the company has seen a gain of 5.39% in its stock price over the last five trading days. globenewswire.com reported 2024-08-19 that SINGAPORE, Aug. 19, 2024 (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 second quarter ended June 30, 2024, before the U.S. market opens on August 30, 2024.
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 17.66x, which is above its average ratio. Moreover, the 36-month beta value for TIGR is 0.91. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for TIGR is 150.25M and currently, short sellers hold a 2.39% of that float. On August 23, 2024, TIGR’s average trading volume was 875.04K shares.
TIGR’s Market Performance
TIGR’s stock has seen a 5.39% increase for the week, with a -0.87% drop in the past month and a -1.60% fall in the past quarter. The volatility ratio for the week is 4.41%, and the volatility levels for the past 30 days are at 4.29% for UP Fintech Holding Ltd ADR. The simple moving average for the past 20 days is 4.83% for TIGR’s stock, with a -1.72% simple moving average for the past 200 days.
Analysts’ Opinion of TIGR
China Renaissance, on the other hand, stated in their research note that they expect to see TIGR reach a price target of $3.80, previously predicting the price at $38.50. The rating they have provided for TIGR stocks is “Hold” according to the report published on May 19th, 2022.
Daiwa Securities gave a rating of “Buy” to TIGR, setting the target price at $6.60 in the report published on January 18th of the previous year.
TIGR Trading at -4.02% 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 -30.95% of loss for the given period.
Volatility was left at 4.29%, however, over the last 30 days, the volatility rate increased by 4.41%, as shares sank -2.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.84% lower at present.
During the last 5 trading sessions, TIGR rose by +5.53%, which changed the moving average for the period of 200-days by -15.58% in comparison to the 20-day moving average, which settled at $3.82. In addition, UP Fintech Holding Ltd ADR saw -9.39% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TIGR
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.78 for the gross margin
The net margin for UP Fintech Holding Ltd ADR stands at 0.13. The total capital return value is set at 0.15. Equity return is now at value 7.72, with 0.94 for asset returns.
Based on UP Fintech Holding Ltd ADR (TIGR), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 1.91.
Currently, EBITDA for the company is 89.19 million with net debt to EBITDA at -1.77. When we switch over and look at the enterprise to sales, we see a ratio of 1.6. The receivables turnover for the company is 0.16for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To wrap up, the performance of UP Fintech Holding Ltd ADR (TIGR) has been mixed in recent times. The stock has received a mixed 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.
