An Important Check-Up On UP Fintech Holding Limited (NASDAQ: TIGR)


    Millennium Management LLC has recently announced that it has increased stake in UP Fintech Holding Limited (NASDAQ:TIGR) by 845.64%. After grabbing 0.31 million shares, the institutional investor is now in possession of 0.28 million shares of the Financial Company. The new investment brought the stake of investor firm to 0.26% having worth around $1.64 million. Moreover, The California Public Employees R.. increased its share by 0.17 million to have a control over 0.17 million shares. And Marshall Wace LLP raised its holdings to 56927.0 shares by acquiring 56927.0 shares or 0.05% of the stake.

    UP Fintech Holding Limited (TIGR) concluded trading on 08/26/20 at a closing price of $5.57, with 1.2 million shares of worth about $6.68 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -7.78% during that period and on Wednesday the price saw a loss of about -2.96%. Currently the company’s common shares owned by public are about 141.23M shares, out of which, 87.27M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the TIGR stock and their offered price forecasts bring an average price target of $6.70. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.70 and could fall to a lowest price of $6.70. Analysts also issued an outlook of 1.00 for the UP Fintech Holding Limited stock for next 12 months. The stock’s current price level is 16.87% above of average price target set by the analysts, while a rise to estimated low would result in gain of 16.87 for the stock. However, touching the estimated high of $6.70 would mean a gain of 16.87% for the stock.

    Invesco Golden Dragon China ETF, Fidelity Nasdaq Composite Index F, and Lumyna Funds – Marshall Wace TOPS are the top 3 mutual funds which are holding stakes in UP Fintech Holding Limited Invesco Golden Dragon China ETF is currently holding 43676.0 shares of worth totaling $0.23 million. The company recently came buying 0.0 shares which brought its stake up to 0.04% of the company’s outstanding shares. Lumyna Funds – Marshall Wace TOPS, after selling 0.0 shares, have now control over 0.00% of the stake in the company. It holds 9884.0 shares of worth $0.0.

    UP Fintech Holding Limited (NASDAQ: TIGR) started trading at $5.68, below -$0.06 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $5.57, or with a loss of -2.96%. Stock saw a price change of -7.78% in past 5 days and over the past one month there was a price change of 10.74%. Year-to-date (YTD), TIGR shares are showing a performance of 56.90% which increased to 23.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.03 but also hit the highest price of $7.60 during that period. While comparing its average daily trading volume of 1.50 million shares, we see that about 1.2 million changed hands on the day. The stock is currently trading -5.32% below its 20-day simple moving average (SMA20), while that difference is up 3.25% for SMA50 and it goes to 44.90% higher than SMA200.

    Millennium Management LLC acquired 0.31 million shares of UP Fintech Holding Limited having value of about $1.64 million. Data submitted at the U.S SEC by Millennium Management LLC revealed that the firm now holds 0.28 million shares in the company valued at close to $1549423.61, or have control over 845.64% stake in the company. UP Fintech Holding Limited (NASDAQ: TIGR) currently have 141.23M outstanding shares and institutions hold larger chunk of about 0.80% of that. Holding of mutual funds in the company is about 0.06% while other institutional holders and individual stake holders have control over 0.69% and — of the stake respectively.

    The stock has a current market capitalization of $683.88M. It has posted earnings per share of -$0.01 in the same period. It has a debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TIGR, volatility over the week remained 6.09% while standing at 7.35% over the month.

    Analysts are in expectations that UP Fintech Holding Limited (TIGR) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter ESPS is $0 and it is $0.22 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 82.60% while it is estimated to increase by 126.53% in next year.

    Analysts at 1 brokerage firms have issued recommendations for the UP Fintech Holding Limited (TIGR)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.


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