UP Fintech (NASDAQ:TIGR) Sets New 1-Year Low – Time to Sell?

UP Fintech Holding Limited (NASDAQ:TIGR) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.92 and last traded at $5.9880, with a volume of 530690 shares traded. The stock had previously closed at $6.02.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a research note on Monday, April 20th. Three equities research 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. Based on data from MarketBeat, UP Fintech has a consensus rating of “Hold” and a consensus price target of $11.83.

UP Fintech Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.06. The business’s 50-day simple moving average is $6.70 and its two-hundred day simple moving average is $8.14. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 0.21 and a beta of 0.53.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. UP Fintech had a net margin of 28.82% and a return on equity of 21.87%. The firm had revenue of $156.54 million for the quarter, compared to the consensus estimate of $142.01 million. As a group, research analysts expect that UP Fintech Holding Limited will post 0.78 EPS for the current fiscal year.

Institutional Trading of UP Fintech

A number of large investors have recently bought and sold shares of the business. Citigroup Inc. lifted its stake in UP Fintech by 2,580.9% in the third quarter. Citigroup Inc. now owns 1,077,258 shares of the company’s stock valued at $11,494,000 after buying an additional 1,037,076 shares during the period. SG Americas Securities LLC acquired a new stake in shares of UP Fintech during the 4th quarter worth approximately $5,219,000. William Blair Investment Management LLC acquired a new stake in shares of UP Fintech during the 3rd quarter worth approximately $3,792,000. Harvest Fund Management Co. Ltd bought a new stake in shares of UP Fintech in the 3rd quarter valued at $3,198,000. Finally, Maxi Investments CY Ltd bought a new stake in shares of UP Fintech in the 3rd quarter valued at $1,078,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

About UP Fintech

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.