For the readers interested in the stock health of UP Fintech Holding Limited (TIGR). It is currently valued at $28.40. When the transactions were called off in the previous session, Stock hit the highs of $28.75, after setting-off with the price of $26.00. Company’s stock value dipped to $25.62 during the trading on the day. When the trading was stopped its value was $28.56.
Recently in News on June 11, 2021, UP Fintech Announces Closing of Follow-on Public Offering of American Depositary Shares and Full Exercise of Over-allotment Option. UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced the closing of its public offering of 6,500,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, at a public offering price of US$24.50 per ADS. The Company granted the underwriters a 30-day option to purchase up to an aggregate of 975,000 additional ADSs from the Company at the public offering price. The underwriters fully exercised their option to purchase these additional ADSs. You can read further details here
UP Fintech Holding Limited had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $38.50 on 02/19/21, with the lowest value was $7.32 for the same time period, recorded on 01/04/21.
UP Fintech Holding Limited (TIGR) full year performance was 645.69%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, UP Fintech Holding Limited shares are logging -26.23% during the 52-week period from high price, and 655.32% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.76 and $38.50.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 4532989 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the UP Fintech Holding Limited (TIGR) recorded performance in the market was 259.70%, having the revenues showcasing 20.30% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 3.69B, as it employees total of 785 workers.
Market experts do have their say about UP Fintech Holding Limited (TIGR)
During the last month, 0 analysts gave the UP Fintech Holding Limited a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 21.29, with a change in the price was noted +13.37. In a similar fashion, UP Fintech Holding Limited posted a movement of +89.85% for the period of last 100 days, recording 9,644,938 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for TIGR is recording 0.17 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.17.
Technical breakdown of UP Fintech Holding Limited (TIGR)
Raw Stochastic average of UP Fintech Holding Limited in the period of last 50 days is set at 93.72%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 92.77%. In the last 20 days, the company’s Stochastic %K was 89.55% and its Stochastic %D was recorded 85.85%.
Bearing in mind the latest performance of UP Fintech Holding Limited, several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 259.70%. Additionally, trading for the stock in the period of the last six months notably improved by 433.83%, alongside a boost of 645.69% for the period of the last 12 months. The shares increased approximately by 6.97% in the 7-day charts and went down by 89.64% in the period of the last 30 days. Common stock shares were driven by 20.30% during last recorded quarter.