UP Fintech: A Nice Diversification Opportunity At A Reasonable Valuation

Source: seekingalpha.com seekingalpha.com

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champpixs UP Fintech Holding Limited (NASDAQ:TIGR) has been caught in a long-term consolidation formation since the end of 2021, predominantly trading between $3 and $5. The company's financials have lately shown positive momentum, but China's economic problems and regulatory risks are weighing heavily on the performance of the entire market and the online brokerage sector in particular. However, TIGR's upcoming results might represent an opportunity for the shares to close in on the upper end of its trading range again. The opportunity for the company in its markets is promising, and continuous product innovation keeps generating sustained customer interest. Therefore,...