UP Fintech (NASDAQ:TIGR) Reaches New 1-Year Low - Here's Why

Key Points

• UP Fintech shares fell to a new 52-week low of $3.95, below the prior close of $4.07, amid trading volume of 174,285 shares.
• Analyst sentiment is mixed but leans toward a consensus “Hold”: three analysts rate the stock Buy, two Hold and one Sell. The average price target is $6.51, while Jefferies maintains a Buy rating with a $7.70 target.
• The company’s latest quarterly results exceeded expectations, with EPS of $0.23 versus $0.21 expected and revenue of $182.27 million versus $153.93 million estimated; hedge funds and institutional investors own 9.03% of the stock.

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report)'s stock price reached a new 52-week low during trading on Friday. The company traded as low as $3.95 and last traded at $3.9550, with a volume of 174,285 shares. The stock had previously closed at $4.07.

Analyst Ratings Changes

A number of equities analysts have weighed in on TIGR shares. Weiss Ratings lowered shares of UP Fintech from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, October 23rd. Jefferies Financial Group reissued a "buy" rating and issued a $7.70 price target on shares of UP Fintech in a research report on Thursday, August 27th. Zacks Research upgraded shares of UP Fintech to a "hold" rating in a research note on Monday, September 14th. Finally, Wall Street Zen raised shares of UP Fintech from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, UP Fintech currently has a consensus rating of "Hold" and an average price target of $6.51.

UP Fintech Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.10. The business's 50 day moving average is $4.63 and its two-hundred day moving average is $5.90. The firm has a market capitalization of $723.71 million, a PE ratio of 6.48 and a beta of 0.42.

UP Fintech (NASDAQ:TIGR - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. UP Fintech had a net margin of 16.22% and a return on equity of 13.11%. The company had revenue of $182.27 million during the quarter, compared to analyst estimates of $153.93 million. As a group, research analysts anticipate that UP Fintech Holding Limited will post 0.42 EPS for the current year.

Hedge Funds Weigh In On UP Fintech

A number of hedge funds have recently added to or reduced their stakes in TIGR. Hsbc Holdings PLC bought a new stake in shares of UP Fintech in the first quarter worth approximately $67,000. Castleview Partners LLC purchased a new stake in shares of UP Fintech during the 1st quarter valued at about $74,000. AXQ Capital LP bought a new position in shares of UP Fintech in the 2nd quarter worth approximately $72,000. Public Employees Retirement System of Ohio bought a new stake in UP Fintech during the second quarter valued at approximately $76,000. Finally, ABN Amro Investment Solutions boosted its stake in shares of UP Fintech by 52.0% during the 1st quarter. ABN Amro Investment Solutions now owns 22,792 shares of the company's stock worth $144,000 after acquiring an additional 7,800 shares during the last quarter. 9.03% of the stock is currently owned by hedge funds and other institutional investors.

UP Fintech Company Profile

UP Fintech Holding Limited, operating under the Tiger Brokers brand, is a technology-driven online brokerage serving investors in China and other international markets. The company provides digital investment and trading services through its Tiger Trade platform, which is designed to give individual investors access to global financial markets.

Its services include brokerage accounts, trading in stocks, exchange-traded funds, options and futures, as well as market data, research tools and other investment-related services.

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