Stock traders buy high volume of UP Fintech (NASDAQ:TIGR) call options

by James · January 1, 2023

UP Fintech Holding Limited (NASDAQ:TIGR – Get Rating ) saw some unusual options trading on Friday. Traders bought 19,245 call options on the company. This represents an increase of approx. 207% compared to the typical volume of 6,270 calls.

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UP Fintech stock performance

Shares of UP Fintech stock opened at $3.41 on Friday. The firm has a 50 day simple moving average of $4.63 and a 200 day simple moving average of $4.12. UP Fintech has a fifty-two week low of $2.68 and a fifty-two week high of $7.07. The company has a debt ratio of 0.35, a gearing ratio of 1.22 and a quick ratio of 1.21. The firm has a market cap of $562.00 million, a P/E ratio of -48.71 and a beta of 1.20.

UP Fintech (NASDAQ:TIGR – Get Rating) last released its earnings results on Wednesday, November 23rd. The company reported $0.02 in earnings per share for the quarter. The company had revenue of $55.41 million during the quarter. UP Fintech had a negative return on equity of 1.89% and a negative net margin of 3.94%.

Analysts set new price targets

Separately, DBS Vickers initiated coverage on UP Fintech in a report on Monday, October 24th. They set a “buy” rating on the stock.

Institutional inflows and outflows

Major investors have recently added to or reduced their stakes in the business. Profund Advisors LLC raised its stake in shares of UP Fintech by 7.0% during the second quarter. Profund Advisors LLC now owns 112,607 shares of the company’s stock worth $530,000 after buying an additional 7,400 shares during the last quarter. Sculptor Capital LP purchased a new position in shares of UP Fintech in the 2nd quarter valued at $938,000. Baader Bank Aktiengesellschaft bought a new position in shares of UP Fintech in the 2nd quarter worth $94,000. Vontobel Holding Ltd. bought a new stake in shares of UP Fintech during the second quarter worth $57,000. Finally, Veriti Management LLC bought a new position in UP Fintech in the second quarter valued at about $329,000. 4.39% of the share is currently owned by institutional investors and hedge funds.

UP Fintech Company Profile

(Get rating)

UP Fintech Holding Limited offers online brokerage services with a focus on Chinese investors. The company has developed a brokerage platform that allows investors to trade shares, options, warrants and other financial instruments that can be accessed via the APP and website. It offers brokerage and value-added services, including investor education, community engagement and IR platform; and account management services.

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