UP Fintech Holding Ltd ADR (TIGR) stock hits $3.82: Is it a good time to buy or wait for a dip?

A share price of UP Fintech Holding Ltd ADR [TIGR] is currently trading at $3.82, up 9.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The TIGR shares have gain 10.72% over the last week, with a monthly amount glided 0.79%, and seem to be holding up well over a long-time horizon.

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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 $3.10 and $5.72. 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 $3.82 at the most recent close of the market. An investor can expect a potential return of 49.21% based on the average TIGR price forecast.

Analyzing the TIGR fundamentals

Trailing Twelve Months sales for UP Fintech Holding Ltd ADR [NASDAQ:TIGR] were 306.51M which represents 32.37% growth. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.

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 3.65 points at the first support level, and at 3.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.91, and for the 2nd resistance point, it is at 4.00.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 1.89, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 23.67.

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