UP Fintech Holding Limited (NASDAQ: TIGR) stock fell -0.50% on Monday to $3.99 against a previous-day closing price of $4.01. With 0.99 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.75 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $4.0600 whereas the lowest price it dropped to was $3.9500. The 52-week range on TIGR shows that it touched its highest point at $7.07 and its lowest point at $2.68 during that stretch. It currently has a 1-year price target of $5.76. Beta for the stock currently stands at 1.34.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TIGR was down-trending over the past week, with a drop of -3.62%, but this was down by -18.24% over a month. Three-month performance surged to 13.03% while six-month performance rose 2.31%. The stock lost -18.90% in the past year, while it has gained 17.01% so far this year. A look at the trailing 12-month EPS for TIGR yields -0.06 with Next year EPS estimates of 0.12.
Float and Shares Shorts:
At present, 153.26 million TIGR shares are outstanding with a float of 119.45 million shares on hand for trading. On Oct 13, 2022, short shares totaled 9.46 million, which was 6.15% higher than short shares on Sep 14, 2022. In addition to Mr. Tianhua Wu as the firm’s Chairman & CEO, Mr. Fei Zeng serves as its CFO & Director.
Through their ownership of 5.62% of TIGR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.75% of TIGR, in contrast to 2.98% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TIGR with 2.69% of the stake, BIT Capital GmbH holds 3,951,751 shares worth 3,951,751. A second-largest stockholder of TIGR, BlackRock Fund Advisors, holds 1,772,069 shares, controlling over 1.21% of the firm’s shares. BofA Securities, Inc. is the third largest shareholder in TIGR, holding 1,245,200 shares or 0.85% stake. With a 1.42% stake in TIGR, the Global Internet Leaders SICAV-FIS is the largest stakeholder. A total of 2,085,697 shares are owned by the mutual fund manager. The BIT Global Internet Leaders 30, which owns about 0.82% of TIGR stock, is the second-largest Mutual Fund holder. It holds 1,209,434 shares valued at 4.12 million. iShares Core MSCI Emerging Market holds 0.63% of the stake in TIGR, owning 922,903 shares worth 3.15 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TIGR since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TIGR analysts setting a high price target of $7.67 and a low target of $3.31, the average target price over the next 12 months is $5.44. Based on these targets, TIGR could surge 92.23% to reach the target high and fall by -17.04% to reach the target low. Reaching the average price target will result in a growth of 36.34% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TIGR will report FY 2022 earnings on 03/15/2024. Analysts have provided yearly estimates in a range of $0.09 being high and -$0.01 being low. For TIGR, this leads to a yearly average estimate of $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.27 and the low estimate is $0.27. The average estimate for the next quarter is thus $0.27.