UP Fintech Stock Pops Today Amid Reports Of Record Revenue In 2021

UP Fintech Holding Limited specializes in providing online brokerage services to Chinese investors. Today, the stock market of TIGR demonstrates an incredible surge of more than 3% to $6.26. Such a price increase came after posting its unaudited third-quarter 2021 financial results. The company’s financial indicators for the nine months of 2021 significantly increased compared to the same period of the previous year. Investors reacted optimistically to the company’s positive reporting. According to the published data, TIGR received a record quarterly revenue of $60.8 million, which is 59.6% more than in the same period last year.

Hence, the total revenue for this quarter has equaled $56.6 million, resulting in a 60.9% income. Although, since the beginning of the year, the company’s stock price has plummeted from $34.98 to $6.07 by deteriorating 82%. Besides, operating income for the first nine months of 2021 increased to $20.5 million compared to the same indicator for 2020 of $5.8 million. Non-GAAP net income attributable to UP Fintech exceeded $5.3 million. As you can notice, the company’s stock worth has grown pretty great today amid a well reporting of its finances. According to analysts, the company still has significant potential for growth.