UP Fintech (TIGR) publishes earnings on Wednesday
UP Fintech (NASDAQ:TIGR – Get Rating ) is scheduled to release earnings data before the market opens on Wednesday, November 23.
UP Fintech (NASDAQ:TIGR – Get Rating) last released its quarterly earnings results on Wednesday, September 7th. The company reported ($0.01) earnings per share (EPS) for the quarter. UP Fintech had a net margin of 3.66% and a negative return on equity of 2.06%. The firm had revenue of $53.48 million in the quarter.
UP Fintech stock performance
TIGR stock traded up $0.30 during mid-day trading on Thursday, hitting $5.06. 160,437 shares traded hands, compared to its average volume of 1,679,080. The company has a quick ratio of 1.19, a gearing ratio of 1.19 and a gearing ratio of 0.35. UP Fintech has a 52 week low of $2.68 and a 52 week high of $7.30. The company has a 50-day moving average of $3.66 and a 200-day moving average of $3.89. The firm has a market cap of $833.94 million, a PE ratio of 126.53 and a beta of 1.09.
Analysts set new price targets
Separately, DBS Vickers assumed coverage on shares of UP Fintech in a research note on Monday, October 24th. They issued a “buy” rating on the company.
Institutional inflows and outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in UP Fintech by 5.6% during the third quarter. BlackRock Inc. now owns 2,049,388 shares of the company’s stock worth $6,742,000 after purchasing an additional 107,812 shares during the period. State Street Corp boosted its holdings in shares of UP Fintech by 2.4% during the third quarter. State Street Corp now owns 684,892 shares of the company’s stock worth $2,253,000 after buying an additional 16,327 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its holdings in shares of UP Fintech by 110.1% during the third quarter. BNP Paribas Arbitrage SNC now owns 334,215 shares of the company’s stock worth $1,100,000 after buying an additional 175,139 shares in the last quarter. Credit Suisse AG boosted its holdings in shares of UP Fintech by 5.6% during the second quarter. Credit Suisse AG now owns 217,808 shares of the company’s stock worth $1,025,000 after purchasing an additional 11,645 shares in the last quarter. Finally, Invesco Ltd. increased. its holding of shares in UP Fintech by 63.6% during the first quarter. Invesco Ltd. now owns 144,835 shares of the company’s stock worth $710,000 after buying an additional 56,290 shares in the last quarter. Institutional investors own 4.63% of the company’s shares.
UP Fintech Company Profile
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial staff prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider UP Fintech, you should hear this.
MarketBeat keeps track of Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and UP Fintech wasn’t on the list.
While UP Fintech currently has a “Buy” rating among analysts, top-rated analysts believe that these five stocks are better buys.
See the five stocks here