UP Fintech (NASDAQ:TIGR) Shares Gap Up - Should You Buy?

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $7.01, but opened at $7.36. UP Fintech shares last traded at $7.52, with a volume of 2,045,684 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They set a "buy" rating and a $9.40 target price on the stock. Bank of America began coverage on UP Fintech in a report on Monday. They issued a "buy" rating on the stock.

UP Fintech Trading Up 21.6 %

The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 48.45 and a beta of 0.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The business has a fifty day moving average of $7.27 and a two-hundred day moving average of $6.55.

Institutional Investors Weigh In On UP Fintech

A number of large investors have recently bought and sold shares of TIGR. Tower Research Capital LLC TRC grew its holdings in UP Fintech by 527.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock valued at $30,000 after buying an additional 3,901 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in UP Fintech during the 4th quarter valued at $34,000. Deutsche Bank AG acquired a new stake in UP Fintech during the 4th quarter valued at $38,000. GAMMA Investing LLC grew its holdings in UP Fintech by 51.5% during the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock valued at $59,000 after buying an additional 3,105 shares during the last quarter. Finally, Tairen Capital Ltd acquired a new stake in UP Fintech during the 4th quarter valued at $68,000. Institutional investors and hedge funds own 9.03% of the company's stock.

Remove Ads

UP Fintech Company Profile

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.