UP Fintech Holding Limited (NASDAQ: TIGR): Stock That Needs Special Handling


Virtu Financial BD LLC recently announced the acquisition of new stake in UP Fintech Holding Limited (NASDAQ:TIGR). The institutional investor has increased its shareholding in the Financial company by 171.66% to 51006.0 shares with purchase of 32230.0 shares. This fresh investment now brings its stake to 0.04% valued currently at $0.17 million. In addition, Millennium Management LLC raised its holdings by 32895.0 to 32895.0 shares.

With over 2.81 million UP Fintech Holding Limited (TIGR) shares trading Monday and a closing price of $6.30 on the day, the dollar volume was approximately $17.71 million. The shares have shown a positive weekly performance of 14.55% and its price on 07/13/20 lost nearly -1.72%. Currently, there are 141.25M common shares owned by the public and among those 87.27M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for TIGR have a consensus price objective of $3.50. The analysts have set the share’s price value over the next 12 months at a high of $3.50 and a low of $3.50 should the stock experience a downside. Incidentally, analysts’ outlook for the UP Fintech Holding Limited stock is 1.00 for the next 12 months. The average price target is -80.0% below its last price level and a downside to the estimated low will see the stock lose -80.0% over that period. But an upside of -80.0% will see the stock hit the forecast high price target while mean target price for the stock is $3.50.

Lumyna Funds – Marshall Wace TOPS owns 0.0 shares of the company’s stock, all valued at over $0.0. The company sold 9884.0 shares recently to bring their total holdings to about 0.00% of the shares outstanding.

Shares of UP Fintech Holding Limited (NASDAQ: TIGR) opened at $6.66, up $0.25 from a prior closing price of $6.41. However, the script later closed the day at $6.30, down -1.72%. The company’s stock has a 5-day price change of 14.55% and 141.38% over the past three months. TIGR shares are trading 77.46% year to date (YTD), with the 12-month market performance up to 25.50% higher. It has a 12-month low price of $2.03 and touched a high of $7.60 over the same period. Currently, 2.81 million shares have been traded, compared to an average intraday trading volume of 894.44K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 35.41%, 65.34%, and 76.24% respectively.

Institutional ownership of UP Fintech Holding Limited (NASDAQ: TIGR) shares accounts for 0.30% of the company’s 141.25M shares outstanding. Mutual fund holders own 0.00%, while other institutional holders and individual stakeholders account for 0.25% and — respectively.

It has a market capitalization of $813.52M. The earnings-per-share (ttm) stands at -$0.01. The company has a debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.85% over the week and 7.94% over the month.

Analysts forecast that UP Fintech Holding Limited (TIGR) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 82.60%, and 98.89% over the next financial year.


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