UP FINTECH HOLDING Q1 RESULTS: NON-GAAP EPS OF -$0.013, REVENUE OF $52.6M
June 13, 2022
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UP Fintech Intrinsic Value – UP Fintech Holding Ltd. ($NASDAQ:TIGR) James Mi, commented, “We are pleased to report another quarter of strong financial and operational results. The year-over-year increase was primarily due to the expansion of the company’s global customer base and their increased usage of the company’s platform. The year-over-year decrease was primarily due to the decrease in share-based compensation expense and the increase in other income, offset by the increase in operating expenses.
So far, the sentiment around UP FINTECH HOLDING ($NASDAQ:TIGR) has been mostly negative. On Friday, the stock opened at $4.5 and closed at $4.1, plunging by 19.0% from its last closing price of $5.1.
VI Analysis – UP Fintech Intrinsic Value
Company’s fundamentals reflect its long term potential. Below is an analysis of UP FINTECH HOLDING that has been made simple by the VI app. UP Fintech Intrinsic Value is around $14.0, as calculated by the VI Line. The current price of UP FINTECH HOLDING stock is $4.1, which represents a 71% discount to its intrinsic value. Now might be a good time to buy UP FINTECH HOLDING stock.
The stock price dropped 19.0% following the release of the results. The main reason for the drop in EPS and revenue was the negative impact of the COVID-19 pandemic. UP Fintech Holding is a China-based online broker that provides self-directed investors with access to global financial markets. The company’s main source of revenue is commissions and fees. The pandemic led to a decrease in trading activity as investors became more risk-averse. UP Fintech Holding reported a decrease in the number of trades executed on its platform in the first quarter. This led to a decrease in commission and fee revenue. The company has taken steps to reduce costs in response to the pandemic. It has also launched new products and services to try to offset the impact of the pandemic on its business. Despite the challenges posed by the pandemic, UP Fintech Holding remains optimistic about the long-term prospects for its business. The company believes that the current market conditions present a unique opportunity for it to gain market share. However, the company remains optimistic about its long-term prospects.
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