search icon
      blog search icon

      Why Did UP Fintech (TIGR) Stock Go Higher In Pre-Market Session Friday? - Stocks Telegraph

      By Fahim Awan

      Published on

      March 18, 2022

      12:26 PM UTC

      Why Did UP Fintech (TIGR) Stock Go Higher In Pre-Market Session Friday? - Stocks Telegraph

      UP Fintech Holding Limited (TIGR) is up 5.12 percent for the day, trading at $4.31 at the last check in premarket activity. The stock of UP Fintech (TIGR) rose 1.74 percent on Thursday, closing at $4.10. The total number of shares traded was 5.68 million, which was greater than the average volume of 3.77 million for the previous three months. The stock fluctuated between $3.67 and $4.10 during the trading session. The earnings per share ratio for the firm was 0.18.

      The stock of UP Fintech (TIGR) has risen 13.89 percent in the last five sessions and moved -16.67 percent in the last month, but has lost -16.50 percent year-to-date. The 50-day moving average of $4.23 is higher than the 200-day moving average of $11.00 for the company. Furthermore, the stock now has an RSI of 51.30. Pre-hours following the announcement of quarterly earnings, TIGR stock is getting traction.

      What has TIGR stock shared?

      UP Fintech (TIGR) stock is a top web-based financier business that takes care of global clients. Financial backers might exchange values and other monetary items on various trades all over the planet utilizing TIGR’s own portable and web-based exchanging stage. Through its “versatile first” procedure, UP Fintech (TIGR) gives clients imaginative labor and products as well as a predominant client experience, permitting it to more readily serve and keep current clients as well as draw in new ones. Clients can go through Fintech for an assortment of financier and worth added administrations, including exchanging request situation and execution, edge financing, IPO membership, ESOP the executives, financial backer training, local area conversation, and client care.

      The unaudited financial figures for the fourth quarter and full-year ending December 31, 2021, were released today by UP Fintech (TIGR).

      • Overall revenue for the fourth quarter was US$62.2 million, and total revenue for the year 2021 was US$264.5 million, up 91 percent year over year.
      • TIGR stock reported US$24.5 million in non-GAAP net income.
      • Customer accounts totaled 1.8 million at the end of 2021, with 673,400 clients having deposits.
      • In addition, TIGR created 414,700 new funded accounts in 2021, which is more than the sum of its previous yearly funded account growth. In sum, the firm exceeded its annual funded account growth objective by 119 percent in 2021.
      • The company’s trading volume climbed to US$85.9 billion in the fourth quarter, with total customer assets reaching US$17.1 billion.
      • The yearly trading volume of TIGR stock was US$404.3 billion, up 1.8 percent from the previous year.
      • TIGR’s focus on its globalization plan produced stable growth in 2021, despite global financial market swings and substantial concerns.
      • Over 90% of new funded accounts originated from overseas markets in the fourth quarter, with Singapore accounting for a major share of the total.

      What is TIGR’s position?

      TIGR’s Singapore headquarters contributed to making the market one of the key growth drivers, both in terms of total accounts and newly acquired accounts. UP Fintech maintains a leading market share in Singapore, and the company’s Singapore headquarters contributed to making the market one of the key growth drivers. In Singapore, the fourth quarter saw the third straight quarter of the year-over-year increase in funded accounts of more than 100 percent.

      More From Stocks telegraph