Back in 2021, Tiger (TIGR) was reaching even greater heights.
To the annoyance of some shareholders, UP Fintech Holding Limited (NASDAQ:TIGR) shares are down a considerable 27% in the last month, which continues a horrid run for the company. Longer-term shareholders would now have taken a real hit with the stock declining 8.8% in the last year.
In spite of the heavy fall in price, UP Fintech Holding may still be sending very bearish signals at the moment with a price-to-earnings (or "P/E") ratio of 76.9x, since almost half of all companies in the United States have P/E ratios under 17x and even P/E's lower than 9x are not unusual. However, the P/E might be quite high for a reason and it requires further investigation to determine if it's justified.
With earnings growth that's superior to most other companies of late, UP Fintech Holding has been doing relatively well. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. If not, then existing shareholders might be a little nervous about the viability of the share price.
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