UP Fintech Holding Ltd ADR (NASDAQ: TIGR)’s stock price has increased by 3.39 compared to its previous closing price of 3.69. However, the company has seen a -2.43% decrease in its stock price over the last five trading sessions. 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?
UP Fintech Holding Ltd ADR (NASDAQ: TIGR) has a higher price-to-earnings ratio of 16.82x compared to its average ratio. TIGR has 36-month beta value of 0.91. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 1 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 2.37% ratio of that float. The average trading volume of TIGR on August 29, 2024 was 809.46K shares.
TIGR’s Market Performance
TIGR stock saw a decrease of -2.43% in the past week, with a monthly decline of -6.50% and a quarterly a decrease of -7.96%. The volatility ratio for the week is 3.83%, and the volatility levels for the last 30 days are 4.48% for UP Fintech Holding Ltd ADR (TIGR). The simple moving average for the last 20 days is 0.94% for TIGR stock, with a simple moving average of -5.99% for the last 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 -7.41% 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 -34.22% of loss for the given period.
Volatility was left at 4.48%, however, over the last 30 days, the volatility rate increased by 3.83%, as shares sank -2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.28% lower at present.
During the last 5 trading sessions, TIGR fell by -2.81%, which changed the moving average for the period of 200-days by -19.32% in comparison to the 20-day moving average, which settled at $3.78. In addition, UP Fintech Holding Ltd ADR saw -13.69% 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 1.54. The receivables turnover for the company is 0.16for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To put it simply, UP Fintech Holding Ltd ADR (TIGR) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
