Shares of UP Fintech ( TIGR -2.08% ) sank this week following indications that the company will soon face setbacks due to new regulations. The Chinese fintech stock closed out the week’s trading down roughly 27%. China’s state-backed media outlet The People’s Daily published a report on Oct.
Similarly, What does TIGR company do?
UP Fintech Holding Limited is an leading online brokerage firm focusing on global Chinese investors. The Company’s trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company’s customers are Chinese investors living in and outside China.
Is TIGR undervalued? In our view, this has left TIGR’s shares significantly undervalued (23x P/E on 2022 street numbers versus peer group average 35x) ahead of what should be strong operational results and a materially positive catalyst in the company receiving a Hong Kong securities license.
Thereof, Why is TIGR tanking?
The tanking of FUTU and TIGR stocks comes after Chinese authorities in Beijing have trained their sights on online brokerages, declaring them “illegal” in the country of 1.4 billion people.
Is up Fintech a buy?
UP Fintech has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 2 buy ratings, no hold ratings, and 1 sell rating.
Is TIGR Robinhood of China?
The company was founded by Tian Hua Wu in 2014 and is headquartered in Chaoyang District, China. The listed name for TIGR is UP Fintech Holding Ltd American Depositary Share representing fifteen Class A Ordinary Shares.
What kind of company is TIGR?
UP Fintech Holding Ltd. is a brokerage firm, which engages in the provision of online brokerage services.
Is TIGR a SPAC?
UP Fintech’s (NASDAQ:TIGR) new SPAC listing reflects the growing importance of investment banking to its business mix. The company is emerging as a strong second choice behind the larger Futu (FUTU) for investors seeking to tap Chinese demand for overseas-listed stocks.
Why did Tiger broker drop?
US-listed brokers Futu Holdings and Tiger Brokers fell sharply in early trading in New York on Thursday after a top Chinese central bank official warned online brokers who offer cross-border trades to mainland investors without a domestic licence are operating illegally.
Is up Fintech profitable?
Total net revenues increased 95.0% year-over-year to US$55.4 million. Net loss was US$21.5 million compared to a net income of US$4.4 million in the same quarter of last year. Net loss attributable to UP Fintech was US$21.5 million compared to a net income of US$2.9 million in the same quarter of last year.
Is FUTU stock a buy?
6 Wall Street research analysts have issued « buy, » « hold, » and « sell » ratings for Futu in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should « hold » Futu stock.
What happened tiger broker?
Recently, Tiger Brokers (Singapore) received approvals from the Singapore Exchange (SGX): It is now a Clearing Member of the Central Depository (CDP) at the Singapore Exchange, and a Trading Member of Singapore Exchange Securities Trading (SGX-ST) and Singapore Exchange Derivatives Trading (SGX-DT).
Will FUTU stock go up?
Stock Price Forecast
The 17 analysts offering 12-month price forecasts for Futu Holdings Ltd have a median target of 44.85, with a high estimate of 71.29 and a low estimate of 26.92. The median estimate represents a +31.15% increase from the last price of 34.20.
Is TIGR licensed?
TIGR is not a licensed brokerage in China. Currently, they do not have licenses to operate in mainland China and instead use foreign entities and licenses to trade.
What is the price target for NIO?
Stock Price Targets
| High | $552.16 |
|---|---|
| Median | $210.08 |
| Low | $153.62 |
| Average | $245.37 |
| Current Price | $19.46 |
What is the stock symbol for Fintech?
( FTFT ) Stock Price, News, Quote & History – Yahoo Finance.
…
Performance Outlook.
| Previous Close | 0.7020 |
|---|---|
| Ask | 0.7025 x 2200 |
| Day’s Range | 0.6800 – 0.7249 |
| 52 Week Range | 0.5800 – 4.7500 |
| Volume | 268,146 |
How does TIGR make money?
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Where is TIGR based?
SINGAPORE, March 18, 2022 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the fourth quarter ended December 31, 2021.
What company is the Robinhood of China?
HONG KONG — Online brokerage Futu Holdings, known as « China’s Robinhood, » attempted to reassure anxious clients on Wednesday that it would not close accounts and will focus on expanding its presence in Hong Kong and Singapore after Beijing increased pressure on the industry, sending its shares tumbling.
Is up Fintech a Chinese company?
UP Fintech Holding Limited was founded in 2014 and is based in Beijing, China.
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