UP Fintech (NASDAQ:TIGR) Sees Strong Trading Volume – Should You Buy?

UP Fintech Holding Limited (NASDAQ:TIGR) saw strong trading volume on Friday . 5,647,435 shares were traded during trading, a decline of 10% from the previous session’s volume of 6,264,307 shares.The stock last traded at $9.03 and had previously closed at $8.30.

Wall Street Analysts Forecast Growth

TIGR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target on the stock. China Renaissance upgraded UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price for the company in a research report on Thursday, October 24th.

UP Fintech Trading Down 0.1 %

The stock has a market cap of $1.53 billion, a P/E ratio of 41.63 and a beta of 0.86. The stock’s 50-day moving average is $7.09 and its two-hundred day moving average is $6.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in UP Fintech by 527.2% during the fourth 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. purchased a new stake in shares of UP Fintech during the 4th quarter worth approximately $34,000. Deutsche Bank AG bought a new position in shares of UP Fintech during the 4th quarter valued at approximately $38,000. GAMMA Investing LLC increased its position in UP Fintech by 51.5% in the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after purchasing an additional 3,105 shares during the last quarter. Finally, Tairen Capital Ltd bought a new stake in UP Fintech in the fourth quarter worth $68,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

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.