The stock of UP Fintech Holding Ltd ADR (NASDAQ: TIGR) has decreased by -4.78 when compared to last closing price of 4.81. Despite this, the company has experienced a 24.12% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-02 that I am not worried about UP Fintech’s Q2 2024 earnings miss, as the company’s second quarter bottom line was affected by a non-recurring provision. Instead, my focus is on TIGR’s strong Q2 top line performance, with its latest quarterly revenue rising by +32.4% YoY and beating the market’s expectations by +24.5%. I have left my Buy rating for UP Fintech unchanged, as the stock is undervalued based on growth, historical, and peer comparisons.
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 above average at 28.38x, Company’s 36-month beta value is 0.91.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for TIGR is 150.25M, and currently, short sellers hold a 2.35% ratio of that floaft. The average trading volume of TIGR on September 30, 2024 was 788.47K shares.
TIGR’s Market Performance
The stock of UP Fintech Holding Ltd ADR (TIGR) has seen a 24.12% increase in the past week, with a 24.12% rise in the past month, and a 9.05% gain in the past quarter. The volatility ratio for the week is 8.78%, and the volatility levels for the past 30 days are at 5.49% for TIGR. The simple moving average for the last 20 days is 23.17% for TIGR stock, with a simple moving average of 15.33% 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 19.63% 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 -19.96% of loss for the given period.
Volatility was left at 5.49%, however, over the last 30 days, the volatility rate increased by 8.78%, as shares surge +17.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.02% upper at present.
During the last 5 trading sessions, TIGR rose by +24.12%, which changed the moving average for the period of 200-days by +5.05% in comparison to the 20-day moving average, which settled at $3.75. In addition, UP Fintech Holding Ltd ADR saw 3.62% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TIGR
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.86 for the gross margin
The net margin for UP Fintech Holding Ltd ADR stands at 0.09. The total capital return value is set at 0.14. Equity return is now at value 5.44, with 0.62 for asset returns.
Based on UP Fintech Holding Ltd ADR (TIGR), the company’s capital structure generated 0.24 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 0.32. The interest coverage ratio of the stock is 1.63.
Currently, EBITDA for the company is 89.19 million with net debt to EBITDA at -2.25. 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 0.13for trailing twelve months and the total asset turnover is 0.06.
Conclusion
In a nutshell, UP Fintech Holding Ltd ADR (TIGR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
