Why UP Fintech Holding Ltd ADR (NASDAQ: TIGR) Stock Might Be A Good Investment

UP Fintech Holding Ltd ADR (NASDAQ:TIGR) traded at $7.31 at close of the session on current trade day and made a downward move of -15.20% on its previous day’s price.

Looking at the stock we see that its previous close was $8.62 and the beta (5Y monthly) reads 0.924 with the day’s price range being $7.29 – $8.3099. The company has a trailing 12-month PE ratio of 45.29. In terms of its 52-week price range, TIGR has a high of $14.48 and a low of $3.10. The company’s stock has gained about 110.06% over that past 30 days.

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UP Fintech Holding Ltd ADR has a market cap of $1.11 billion and is expected to release its quarterly earnings report on 2024-Aug-30. Estimates by analysts give the company expected earnings per share (EPS) of 0.06, with the EPS growth for the year raised at 0.33 for current year and 0.33 for next year.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 348M, or 27.70% up from figures reported last year.

On the other hand, looking at the outlook for the TIGR stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.

Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the UP Fintech Holding Ltd ADR (TIGR) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 11.76% off its SMA20 and 51.33% from its 50-day simple moving average. The RSI (14) is pointing at 53.82 while the volatility over the past week is 18.45% and jumps to 14.36% over the past one month. The beta value is 0.92, while the average true range (ATR) is currently pointing at 1.26. The average price target for the stock over the next 12 months is $5.7, with the estimates having a low of $5.7 and a high of $5.7. These price ends are 22.02% and 22.02% off the current price level respectively, although investors could be excited at the prospect of a 22.02% if the TIGR share price touches on the median price of $5.7.

Coming back to UP Fintech Holding Ltd ADR (NASDAQ:TIGR), we note that the average 3-month trading volume was 9.28 million, while that of the preceding 10-day period stands at 55.11 million. Current shares outstanding are 151.50 million.

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