In the last trading session, 8,779,187 UP Fintech Holding Limited (NASDAQ:TIGR) shares changed hands as the company’s beta touched 0. With the company’s per share price at $14.29 changed hands at -$0.18 or -0.01% during last session, the market valuation stood at $2.02 Billion. TIGR’s last price was a discount, traded about -169.42% off its 52-week high of $38.5. The share price had its 52-week low at $2.5, which suggests the last value was 82.51% up since then. When we look at UP Fintech Holding Limited’s average trading volume, we note the 10-day average is 10.51 Million shares, with the 3-month average coming to 9.66 Million.
Analysts gave the UP Fintech Holding Limited (TIGR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.7. If we narrow down to specifics, the data shows that none out of 4 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended TIGR as a Hold, 4 felt it is a Buy and none rated the stock as Underweight. UP Fintech Holding Limited’s EPS for the current quarter is expected to be $0.
UP Fintech Holding Limited (NASDAQ:TIGR) trade information
Although TIGR has turned red as seen at the end of in last trading. With action -1.24%, the performance over the past five days has been red. The jump to weekly highs of $19.30 on Tuesday, Mar 23 added 25.96% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.8%, with the 5-day performance at -0.26% in the red. However, in the 30-day time frame, UP Fintech Holding Limited (NASDAQ:TIGR) is -0.4% down. Looking at the short shares, we see there were 4.03 Million shares sold at short interest cover period of 0.42 days.
The consensus price target for the stock as assigned by Wall Street analysts is $23, meaning bulls need an upside of 60.95% from its current market value. According to analyst projections, TIGR’s forecast low is $21.63 with $26.5 as the target high. To hit the forecast high, the stock’s price needs a +85.44% upsurge from its current level, while the stock would need to tank 51.36% for it to hit the projected low.
UP Fintech Holding Limited (TIGR) estimates and forecasts
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $269.77 Million. 1 analysts are of the opinion that UP Fintech Holding Limited’s revenue for the quarter ending in May 2021 will be $40.4 Million. The company’s revenue for the corresponding quarter a year ago was $138.5 Million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 94.8%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for UP Fintech Holding Limited earnings to increase by 82.6%, but the outlook for the next 5-year period is at 0% per year.
UP Fintech Holding Limited (NASDAQ:TIGR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.38% of UP Fintech Holding Limited shares while 4.22% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 4.32%. There are 32 institutions holding the UP Fintech Holding Limited stock share, with Morgan Stanley the top institutional holder. As of Dec 30, 2020, the company held 1.15% of the shares, roughly 1.37 Million TIGR shares worth $10.84 Million.
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Goldman Sachs Group, Inc. holds the second largest percentage of outstanding shares, with 0.93% or 1.1 Million shares worth $8.73 Million as of Dec 30, 2020.
Among Mutual Funds, the top two as of Feb 27, 2021 were Invesco ETF Tr-Invesco Golden Dragon China ETF and SPDR Portfolio Emerging Markets ETF. With 69066 shares estimated at $1.65 Million under it, the former controlled 0.06% of total outstanding shares. On the other hand, SPDR Portfolio Emerging Markets ETF held about 0.03% of the shares, roughly 40.05 Thousand shares worth around $955.26 Thousand.