UP Fintech Holding Ltd ADR (NASDAQ:TIGR) shares, rose in value on Thursday, January 02, with the stock price up by 4.37% to the previous day’s close as strong demand from buyers drove the stock to $6.74.
Actively observing the price movement in the recent trading, the stock is buoying the session at $6.46, falling within a range of $6.28 and $6.77. The value of beta (5-year monthly) is 0.904 whereas the PE ratio is 35.86 over 12-month period. Referring to stock’s 52-week performance, its high was $14.48, and the low was $3.10. On the whole, TIGR has fluctuated by 14.28% over the past month.
With the market capitalization of UP Fintech Holding Ltd ADR currently standing at about $1.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 369.5M, with a low estimate of 73.6M and a high estimate of 73.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 73.6M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TIGR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.75, with the price of TIGR currently trading nearly -2.85% and 4.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.98, while the 7-day volatility ratio is showing 4.23% which for the 30-day chart, stands at 6.95%. Furthermore, UP Fintech Holding Ltd ADR (TIGR)’s beta value is 0.86, and its average true range (ATR) is 0.49.
A comparison of UP Fintech Holding Ltd ADR (TIGR) with its peers suggests the former has fared considerably weaker in the market. TIGR showed an intraday change of 4.37% in today’s session so far, and over the past year, it grew by 63.45%%.
Data on historical trading for UP Fintech Holding Ltd ADR (NASDAQ:TIGR) indicates that the trading volumes over the past 10 days have averaged 3.78 and over the past 3 months, they’ve averaged 16.31 million. According to company’s latest data on outstanding shares, there are 151.01 million shares outstanding.
Nearly 0.08% of UP Fintech Holding Ltd ADR’s shares belong to company insiders and institutional investors own 8.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.15 million shares as on 2024-12-13, resulting in a short ratio of 0.95. According to the data, the short interest in UP Fintech Holding Ltd ADR (TIGR) stood at 548.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 6.26 million. The stock has risen by 4.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TIGR stock heading into the next quarter.
