UP Fintech Holding Ltd. (TIGR) is a leader in digital brokerage solutions focused on international investors. Its exclusive mobile trading portfolio allows investors to trade on multiple exchanges globally. The company also offers novel products and an extraordinary user experience via its mobile-first policy. Its services include trade order placement and execution, IPO subscription, ESOP management, and community discussion.
TIGR stock price in the regular trading on March 11, 2022, with a decline of 12.2% was $3.16. Its price further plummeted considerably by 7.27% at the last check of the premarket session of March 14, 2022.
TIGR: Events and Happenings
On March 11, 2022, TIGR subsidiary Tiger Trade announced that its downloads were almost tripled within its inauguration week in Australia. Also, it had soared into the 9th spot in Australian Google Play last week, showing vigorous growth in a limited time. On March 04, 2022, TIGR reported to releasing its fourth-quarter 2021 financials for the quarter ended December 31, 2021, on March 18, 2022.
TIGR: Key Financials
On November 30, 2021, TIGR released its unaudited financials for the third fiscal quarter of 2021 ended September 30, 2021. Some key features are mentioned here.
Revenue
Total revenues were $60.8 million in Q3 2021 compared to $38.1 million for the same quarter of 2020. The total revenues inclined by 59.6% over the year. The company missed the analysts’ expectations by $1.26 million.
EPS
Basic and diluted net earnings per ordinary share in the third quarter of 2021 were $20.5 million or $0.009 (basic) and $0.008 (diluted) versus $4.8 million or $0.002 in the same period of 2020. The net earnings of the company increased YoY.
On November 17, 2021, TIGR updated about the addition of its stock to the MSCI China Small Cap Index with effect from November 30, 2021.
Conclusion
As the worst outcome of the global pandemic, the brokerage companies are impacted the most. TIGR stock also down-performed in the past year by 85%. Its current stock position is not much appreciable as it dropped in Monday’s premarket session despite a strong launch by its subsidiary in Australia. For the fourth quarter financials, the company expects revenue of $52.8 million with $0.27 EPS.
