The trading price of UP Fintech Holding Ltd ADR (NASDAQ:TIGR) closed higher on Monday, December 09, and closing at $7.77, 26.34% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $7.07 and $8.49. The company’s P/E ratio in the trailing 12-month period was 41.33, while its 5Y monthly beta was 0.904. In examining the 52-week price action we see that the stock hit a 52-week high of $14.48 and a 52-week low of $3.10. Over the past month, the stock has gained 7.17% in value.
UP Fintech Holding Ltd ADR, whose market valuation is $1.17 billion at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest TIGR has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TIGR a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged UP Fintech Holding Ltd ADR (TIGR) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.86, which symbolizes a positive outlook. A quick review shows that TIGR’s price is currently 31.28% off the SMA20 and 14.44% off the SMA50. The RSI metric on the 14-day chart is currently showing 69.09, and weekly volatility stands at 8.35%. When measured over the past 30 days, the indicator reaches 5.97%. UP Fintech Holding Ltd ADR (NASDAQ:TIGR)’s beta value is currently sitting at 0.88, while the Average True Range indicator is currently displaying 0.56. With analysts defining $5.5-$5.5 as the low and high price targets, we arrive at a consensus price target of $5.5 for the trailing 12-month period. The current price is about 29.21% off the estimated low and 29.21% off the forecast high, based on this estimate. Investors will be thrilled if TIGR’s share price rises to $5.5, which is the median consensus price. At that level, TIGR’s share price would be 29.21% above current price.
To see how UP Fintech Holding Ltd ADR stock has been performing in comparison to its peers in the industry, here are the numbers: TIGR stock’s performance was 26.34% in the latest trading, and 83.69% in the past year. UP Fintech Holding Ltd ADR has a P/E ratio of 41.33.
An evaluation of the daily trading volume of UP Fintech Holding Ltd ADR (NASDAQ:TIGR) indicates that the 3-month average is 15.07 million. However, this figure has increased over the past 10 days to an average of 4.21.
Currently, records show that 151.01 million of the company’s shares remain outstanding. The insiders hold 0.08% of outstanding shares, whereas institutions hold 8.82%. The stats also highlight that short interest as of 2024-11-15, stood at 6.26 million shares, resulting in a short ratio of 0.5 at that time. From this, we can conclude that short interest is 479.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 7.59 million. However, since the stock’s price has seen 75.79% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
