UP Fintech Holding Ltd ADR (TIGR) Reports -27.93% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

UP Fintech Holding Ltd ADR (NASDAQ:TIGR) does about 1.10M shares in volume on a normal day but saw 2301142 shares change hands in Monday’s trading. The company now has a market cap of 624.91M USD. Its current market price is $4.18, marking an increase of 10.29% compared to the previous close of $3.79. The 52 week high reached by this stock is $5.80 whilst the lowest price level in 52 weeks is $2.31.

UP Fintech Holding Ltd ADR (TIGR) has a 20-day trading average at $3.58 and the current price is -27.93% off the 52-week high compared with 80.95% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.73 and its 200-day simple moving average is $4.20. If we look at the stock’s price movements over the week, volatility stands at 5.84%, which decreases to 4.60% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 65.96 to suggest the stock is neutral.

The consensus objective for the share price is $5.10, suggesting that the stock has a potential upside of 18.04% over the period.

Daiwa Securities initiated its price target at $6.60.

UP Fintech Holding Ltd ADR (TIGR) stock is up 5.29% over the week and 27.05% over the past month. Its price is -5.43% year-to-date and 44.64% over the past year.

To reach the target analysts have set, the stock logically needs to grow 18.04 percent from here.

The company has a return on investment of 5.00% and return on equity of 6.96%. The price to earnings ratio (P/E ratio) amounts to 20.80 while the forward price to earnings ratio is 13.57. The beta has a value of 0.92. Price to book ratio is 1.28 and price to sales ratio is 2.29.