A share price of UP Fintech Holding Ltd ADR [TIGR] is currently trading at $3.54, up 1.72%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TIGR shares have gain 5.67% over the last week, with a monthly amount drifted -14.29%, and not seem to be holding up well over a long-time horizon.
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On 27, March 2024, UP Fintech Holding Limited’s Hong Kong Subsidiary Receives SFC Approval on Type 9 License to Provide Asset Management Services. In a post published today on Yahoo Finance, UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that Hong Kong’s Securities and Futures Commission (SFC) has officially granted a Type 9 license to Tiger Brokers (HK) Global Limited (“TBHK”), authorizing TBHK to provide asset management services, including discretionary accounts service to both retail clients and professional investors and asset management service to collective investment schemes offered to professional investors only. Mr. Yang Xu, the Head of Wealth Management business, stated that TBHK’s asset management services will feature a seasoned investment team adept in tactical asset allocation and long-term value investing, crafting bespoke asset allocation strategies for discretionary account retail clients, complemented by a user-friendly platform interface to facilitate wealth accumulation. Additionally, TBHK’s asset management team will provide comprehensive services for Hong Kong investment immigration, along with tailored investment strategies for managed accounts, and is set to offer a multifaceted fund service infrastructure in the future.
From an analyst’s perspective:
UP Fintech Holding Ltd ADR [NASDAQ: TIGR] stock has seen the most recent analyst activity on September 05, 2023, when Daiwa Securities upgraded its rating to a Buy. On January 18, 2022, Daiwa Securities initiated with a Buy rating and assigned a price target of $6.60 on the stock. Goldman started tracking the stock assigning a Sell rating and suggested a price target of $21.10 on July 14, 2021.
UP Fintech Holding Ltd ADR experienced fluctuations in its stock price throughout the past year between $2.31 and $5.80. Currently, Wall Street analysts expect the stock to reach $5.7 within the next 12 months. UP Fintech Holding Ltd ADR [NASDAQ: TIGR] shares were valued at $3.54 at the most recent close of the market. An investor can expect a potential return of 61.02% based on the average TIGR price forecast.
Analyzing the TIGR fundamentals
Trailing Twelve Months sales for UP Fintech Holding Ltd ADR [NASDAQ:TIGR] were 272.51M which represents 9.59% growth. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.48 points at the first support level, and at 3.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.58, and for the 2nd resistance point, it is at 3.63.
UP Fintech Holding Ltd ADR [TIGR] reported earnings per share of -$0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of -$0.08 and a surprise factor of -114.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.08 per share as compared to estimates of $0.04 per share, a difference of $0.04 representing a surprise of 100.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.94, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 17.61.
