UP Fintech Holding Stock (NASDAQ:TIGR), Trade Ideas

UP Fintech Holding

UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support. Clients may use Tiger's flagship mobile trading APP, Tiger Trade, to trade equities in The U.S., Hong Kong, Singapore, and Australia as well as futures, options, and funds.

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UP Fintech Holding Limited reported Q4 total net revenues that decreased 4.7% to $54.0 million. Added 39,034 new accounts and total balance up 118.5%.

Why Online Brokerage Firm UP Fintech&#39;s Stock Is Declining Today

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U.S. stock futures were higher this morning, with the Dow futures gaining by around 100 points on Thursday.

Hello Group Posts Q4 Results, Joins SentinelOne, Futu Holdings And Other Big Stocks Moving Lower In Thursday&#39;s Pre-Market Session

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Shares of  DouYu International Holdings Limited (NASDAQ: DOYU) rose sharply during Thursday’s session after announcing a share repurchase program.

Why DouYu International Shares Are Trading Higher By 14%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

UP Fintech Holding Limited - American Depositary Shares representing fifteen Class A Ordinary Shares

UP Fintech Holding Ltd

Tigrent Inc

UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) (&quot;UP Fintech&quot; or the &quot;Company&quot;), a leading online brokerage firm focusing on global investors, today announced that Hong Kong&#39;s Securities and Futures Commission (SFC) has officially granted a Type 9 license to Tiger Brokers (HK) Global Limited (&quot;TBHK&quot;), authorizing TBHK to provide asset management services, including discretionary accounts service to both retail clients and professional investors and asset management service to collective investment schemes offered to professional investors only. Mr. Yang Xu, the Head of Wealth Management business, stated that TBHK&#39;s asset management services will feature a seasoned investment team adept in tactical asset allocation and long-term value investing, crafting bespoke asset allocation strategies for discretionary account retail clients, complemented by a user-friendly platform interface to facilitate wealth accumulation. Additionally, TBHK&#39;s asset management team will provide comprehensive services for Hong Kong investment immigration, along with tailored investment strategies for managed accounts, and is set to offer a multifaceted fund service infrastructure in the future.

Government

Regulations

UP Fintech Holding Limited's Hong Kong Subsidiary Won SFC Approval on Type 9 License to Provide Asset Management Services

Citigroup analyst Judy Zhang maintains UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) with a Buy and lowers the price target from $8.01 to $6.22.

Price Target

Analyst Ratings

Citigroup Maintains Buy on UP Fintech Holding, Lowers Price Target to $6.22

UP Fintech Holding Limited&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) shares are trading lower after the company after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/g37839736/up-fintech-holding-limited-reports-unaudited-fourth-quarter-and-full-year-2023-financial-results" rel="noreferrer noopener">fourth-quarter FY23 results</a>.
Total revenues increased 9.6% year-over-year to $70.0 million, while total net revenues decreased 4.7% to $54.0 million.
Segments:&nbsp;Commissions were $22.0 million, down 11.9% Y/Y, due to decreased trading volume. Financing service fees were $3.2 million, up 18.4% Y/Y, primarily due to increased interest rates.
Interest income was $40.0 million, up 31.3% Y/Y, on higher margin financing and securities lending activities.&nbsp;
In the fourth quarter, the company added 39,034 new funded accounts, an increase of 42.8% Y/Y, bringing the yearly total to 123,110, exceeding the guidance of 100,000.
The total account balance rose 118.5% Y/Y to $30.6 billion, with the total number of customers with deposits increased by 15.8% Y/Y to 904,600.
Total margin financing and securities lending balance increased 17.9% Y/Y to $2.4 billion.
Non-GAAP net income per ADS was $0.007, missing&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of $0.07</a>.&nbsp;
As of December 31, 2023, cash and cash equivalents and term deposits were $327.7 million.
Wu Tianhua, Chairman and CEO, said, &#8220;In the fourth quarter, we introduced the Combo Option Strategy feature, allowing users to execute multi-leg options trades using net margin calculation.&#8221;
&#8220;Furthermore, in January of 2024, Hong Kong SFC uplifted our Type 1 License, now we can offer Virtual Asset dealing services to Professional Investors. This positions us as one of the first mainstream online brokerage firms in Hong Kong to receive approval for such a license upgrade.&#8221;
Price Action:&nbsp;TIGR shares are down by 10.1% at $4.02 on the last check Tuesday.

Why Online Brokerage Firm UP Fintech's Stock Is Declining Today

WIIM

UP Fintech Holding shares are trading lower after the company reported worse-than-expected Q4 results.

<h3>Companies Reporting Before The Bell</h3>
&bull; UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) is expected to report quarterly earnings at $0.07 per share on revenue of $207.00 million.
&bull; Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) is estimated to report earnings for its fourth quarter.
&bull; Mogo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOGO#NASDAQ">MOGO</a>) is likely to report quarterly loss at $0.09 per share on revenue of $12.14 million.
&bull; Ollie&#39;s Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $641.29 million.
&bull; Sportradar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRAD#NASDAQ">SRAD</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $271.46 million.
&bull; Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) is estimated to report quarterly earnings at $1.49 per share on revenue of $956.43 million.
&bull; BioNTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) is projected to report quarterly earnings at $2.64 per share on revenue of $1.99 billion.
&bull; Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) is likely to report quarterly loss at $0.16 per share on revenue of $242.39 million.
&bull; PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) is projected to report quarterly earnings at $1.60 per share on revenue of $11.01 billion.
&bull; H World Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) is likely to report quarterly earnings at $0.36 per share on revenue of $756.94 million.
&bull; So-Young Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SY#NASDAQ">SY</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $51.04 million.
&bull; JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) is estimated to report quarterly earnings at $2.50 per share on revenue of $4.28 billion.
&bull; Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) is expected to report earnings for its fourth quarter.
&bull; J.Jill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JILL#NYSE">JILL</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $147.40 million.
&bull; Bakkt Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>) is expected to report quarterly loss at $0.13 per share on revenue of $15.25 million.
&bull; General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) is projected to report quarterly earnings at $1.04 per share on revenue of $4.96 billion.
&bull; Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) is estimated to report quarterly earnings at $6.35 per share on revenue of $2.54 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Vasta Platform (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTA#NASDAQ">VSTA</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $109.49 million.
&bull; Nortech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSYS#NASDAQ">NSYS</a>) is estimated to report earnings for its fourth quarter.
&bull; Sadot Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDOT#NASDAQ">SDOT</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $186.43 million.
&bull; FGI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGI#NASDAQ">FGI</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $30.40 million.
&bull; Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) is projected to report quarterly earnings at $1.56 per share on revenue of $855.54 million.
&bull; Avinger (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGR#NASDAQ">AVGR</a>) is likely to report earnings for its fourth quarter.
&bull; Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is likely to report quarterly loss at $0.26 per share on revenue of $5.33 billion.
&bull; Rani Therapeutics Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RANI#NASDAQ">RANI</a>) is likely to report earnings for its fourth quarter.
&bull; 17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) is projected to report earnings for its fourth quarter.
&bull; Avino Silver &amp; Gold Mines (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ASM#AMEX">ASM</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $19.60 million.
&bull; Corporacion America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAAP#NYSE">CAAP</a>) is projected to report quarterly earnings at $0.29 per share on revenue of $431.10 million.
&bull; Hall Of Fame Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFV#NASDAQ">HOFV</a>) is projected to report quarterly loss at $2.60 per share on revenue of $5.48 million.
&bull; Trevi Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVI#NASDAQ">TRVI</a>) is estimated to report earnings for its fourth quarter.
&bull; Worthington Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $326.97 million.
&bull; Lithium Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAAC#NYSE">LAAC</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $18.10 million.
&bull; CuriosityStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURI#NASDAQ">CURI</a>) is expected to report quarterly loss at $0.15 per share on revenue of $15.80 million.
&bull; LexinFintech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) is likely to report earnings for its fourth quarter.
&bull; Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) is expected to report quarterly earnings at $3.78 per share on revenue of $1.35 billion.
&bull; KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) is expected to report quarterly earnings at $1.57 per share on revenue of $1.46 billion.
&bull; Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) is expected to report quarterly loss at $0.04 per share on revenue of $2.77 billion.
&bull; Enerpac Tool Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAC#NYSE">EPAC</a>) is projected to report quarterly earnings at $0.36 per share on revenue of $141.10 million.
&bull; HeartBeam (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAT#NASDAQ">BEAT</a>) is likely to report quarterly loss at $0.13 per share on revenue of $40 thousand.
&bull; AuthID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUID#NASDAQ">AUID</a>) is likely to report earnings for its fourth quarter.
&bull; Sera Prognostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERA#NASDAQ">SERA</a>) is projected to report quarterly loss at $0.26 per share on revenue of $50 thousand.
&bull; Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) is estimated to report quarterly earnings at $0.21 per share on revenue of $780.25 million.
&bull; OmniAb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OABI#NASDAQ">OABI</a>) is projected to report quarterly loss at $0.15 per share on revenue of $7.47 million.
&bull; Alvotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVO#NASDAQ">ALVO</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $68.00 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 20, 2024

UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) reported quarterly earnings of $0.01 per share which missed the analyst consensus estimate of $0.07 by 90 percent. This is a 75.86 percent decrease over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $69.98 million which missed the analyst consensus estimate of $207.00 million by 66.19 percent. This is a 9.59 percent increase over sales of $63.85 million the same period last year.

UP Fintech Holding Q4 Adj EPADS $0.01 Misses $0.07 Estimate, Sales $69.98M Miss $207.00M Estimate

UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-03-20. Here's what investors need to know before the announcement.
Analysts estimate that UP Fintech Holding will report an earnings per share (EPS) of $0.07. 
UP Fintech Holding bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at UP Fintech Holding's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td>0.040</td>
<td>0.030</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.1</td>
<td>0.097</td>
<td>0.066</td>
<td>0.029</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-1.0%</td>
<td>9.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<a href="https://www.benzinga.com/quote/TIGR/earnings">To track all earnings releases for UP Fintech Holding visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For UP Fintech Holding

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Shares of companies within the broader financial sector are trading lower amid overall market weakness following worse-than-expected February PPI data.

U.S. stock futures were higher this morning, with the Dow futures gaining by around 100 points on Thursday.
Shares of Hello Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/momo#NASDAQ">MOMO</a>) fell sharply in today&rsquo;s pre-market trading after the company reported fourth-quarter financial results and issued <a href="https://www.benzinga.com/quote/MOMO/earnings">first-quarter revenue guidance</a>.
Hello Group posted adjusted earnings of 37 cents per share, compared to estimates of 34 cents per share. The company&rsquo;s quarterly sales came in at $422.95 million versus expectations of $405.61 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Hello Group said it sees first-quarter net revenue of RMB2.45 billion to RMB2.55 billion.
Hello Group shares dipped 19.1% to $6.21 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Pagaya Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgy#NASDAQ">PGY</a>) declined 14.1% to $13.32 in pre-market trading after the company commenced an underwritten offering of 6.5 million shares.</li>
<li>Futu Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/futu#NASDAQ">FUTU</a>) shares fell 11.5% to $57.90 in pre-market trading following fourth-quarter results.</li>
<li>SentinelOne, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/s#NYSE">S</a>) dipped 9.7% to $25.22 in pre-market trading after the company reported fourth-quarter financial results and issued guidance.</li>
<li>UP Fintech Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tigr#NASDAQ">TIGR</a>) declined 6.6% to $4.64 in pre-market trading. UP Fintech Holding is expected to report its financial results for the fourth quarter, before the opening bell on March 20, 2024.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) fell 5.5% to $0.9734 in pre-market trading after dipping 8% on Wednesday.</li>
<li>HUTCHMED (China) Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcm#NASDAQ">HCM</a>) declined 5.4% to $17.55 in pre-market trading after gaining around 14% on Wednesday.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) shares fell 4.4% to $13.36 in pre-market trading. On Feb. 22, Applied Optoelectronics reported fourth-quarter financial results and issued guidance.</li>
<li>Anheuser-Busch InBev SA/NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bud#NYSE">BUD</a>) shares fell 3.9% to $62.01 in pre-market trading after Altria announced its intent to sell a portion of its investment in the company.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/03/37682999/investor-sentiment-edges-higher-s-p-500-falls-from-record-high"> Investor Sentiment Edges Higher, S&amp;P 500 Falls From Record High </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Hello Group Posts Q4 Results, Joins SentinelOne, Futu Holdings And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

UP Fintech Announced That Its Hong Kong Subsidiary Has Officially Upgraded Its Type 1 License To Include Virtual Asset Dealing Service, Making It One Of The First Mainstream Online Brokerage Firms In Hong Kong To Receive Such A License Upgrade

Shares of DouYu International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/doyu#NASDAQ">DOYU</a>) rose sharply during Thursday&rsquo;s session after announcing a share repurchase program.
DouYu plans repurchase of up to $20 million of ordinary shares in the form of ADSS during period of up to twelve months commencing on Jan. 1, 2024.
DouYu International shares jumped 14.2% to $0.8320 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Nova LifeStyle, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvfy#NASDAQ">NVFY</a>) shares jumped 204% to $4.71.</li>
<li>Cingulate Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cing#NASDAQ">CING</a>) climbed 157.4% to $10.27. On Tuesday, Cingulate received FDA guidance for CTx-1301 (dexmethylphenidate), its lead investigational product candidate for attention deficit hyperactivity disorder (ADHD).</li>
<li>Bone Biologics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bblg#NASDAQ">BBLG</a>) gained 62.2% to $7.54.</li>
<li>SenesTech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snes#NASDAQ">SNES</a>) shares climbed 50.7% to $1.30. HC Wainwright &amp; Co. analyst Amit Dayal maintained SenesTech with a Buy, adjusting target to $3.5 from $4.</li>
<li>Microbot Medical Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbot#NASDAQ">MBOT</a>) rose 38% to $1.8301 after the company announced the completion of its GLP pivotal pre-clinical study.</li>
<li>Sidus Space, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sidu#NASDAQ">SIDU</a>) gained 32% to $5.81.</li>
<li>DatChat, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dats#NASDAQ">DATS</a>) rose 30% to $2.62. DatChat announced the release of its new AI social gaming platform and developer program for game designers and content creators.</li>
<li>SEALSQ Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/laes#NASDAQ">LAES</a>) gained 25% to $1.4424. SEALSQ disclosed that its post-quantum semiconductor technology, based on cutting-edge cryptographic algorithms, is specifically designed to withstand attacks from and secure <a href="https://www.benzinga.com/money/best-cryptocurrency/">cryptocurrency</a> transactions against the looming threat of quantum computing.</li>
<li>Ocean Biomedical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocea#NASDAQ">OCEA</a>) surged 21.4% to $0.7299.</li>
<li>DSS, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dss#NYSE">DSS</a>) jumped 21% to $0.1477.</li>
<li>RenovoRx, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnxt#NASDAQ">RNXT</a>) gained 20% to $1.2599.</li>
<li>Arcutis Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arqt#NASDAQ">ARQT</a>) rose 20% to $3.6250. The FDA recently approved the company&#39;s Zoryve topical foam, 0.3% for seborrheic dermatitis in individuals nine years and older.</li>
<li>Envoy Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coch#NASDAQ">COCH</a>) gained 17.1% to $1.98.</li>
<li>Flux Power Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flux#NASDAQ">FLUX</a>) rose 16.6% to $4.00.</li>
<li>Next.e.GO N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egox#NASDAQ">EGOX</a>) shares rose 14.5% to $0.5321 after gaining 6% on Wednesday.</li>
<li>Iovance Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iova#NASDAQ">IOVA</a>) gained 14.2% to $8.26. Iovance Biotherapeutics announced a clinical program update for LN-145 TIL therapy in non-small lung cancer (NSCLC).</li>
<li>Ampio Pharmaceuticals, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ampe#NYSE">AMPE</a>) shares gained 11.8% to $2.4611 after jumping 20% on Wednesday.</li>
<li>Altice USA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atus#NASDAQ">ATUS</a>) rose 11.8% to $3.41 after gaining around 12% on Wednesday.</li>
<li>Esperion Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/espr#NASDAQ">ESPR</a>) jumped 11.4% to $3.1550.</li>
<li>Altice USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atus#NYSE">ATUS</a>) gained 10.1% to $3.36.</li>
<li>Lufax Holding Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lu#NYSE">LU</a>) jumped 9.3% to $3.05.</li>
<li>UP Fintech Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tigr#NASDAQ">TIGR</a>) gained 9.2% to $4.4980.</li>
<li>TeraWulf Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wulf#NASDAQ">WULF</a>) shares gained 8.2% to $3.1150 after gaining around 30% on Wednesday.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cytosorbents Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctso#NASDAQ">CTSO</a>) shares fell 40.2% to $0.9733. CytoSorbents released an update on the initial data analysis of primary safety and effectiveness endpoints and the final independent Data and Safety Monitoring Board for the pivotal U.S. and Canadian STAR-T trial.</li>
<li>Bluejay Diagnostics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bjdx#NASDAQ">BJDX</a>) fell 29.5% to $1.2691. Bluejay Diagnostics announced pricing of $3.5 million public offering of 2,692,308 shares at $1.30 per share.</li>
<li>Velo3D, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vld#NYSE">VLD</a>) fell 25.7% to $0.4683 after the company announced a registered direct offering.</li>
<li>Meihua International Medical Technologies Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mhua#NASDAQ">MHUA</a>) declined 23% to $2.0808. Meihua International Medical Technologies entered into securities purchase agreement with investors to issue and sell initial $6 million tranche in offering of $50.5 million of its securities.</li>
<li>IMAC Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/back#NASDAQ">BACK</a>) dipped 21.4% to $2.1206.</li>
<li>Sentage Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sntg#NASDAQ">SNTG</a>) fell 21% to $1.58. Sentage Holdings recently reported a loss of 46 cents per share in the six months ended June 30, 2023, versus a year-ago loss of 41 cents per share.</li>
<li>Airship AI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aisp#NASDAQ">AISP</a>) declined 17% to $2.14.</li>
<li>NeoGenomics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/neo#NASDAQ">NEO</a>) fell 16.4% to $17.13 after Natera won a preliminary injuction in a patent infringement lawsuit against NeoGenomics&#39; RaDar test.</li>
<li>Baosheng Media Group Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/baos#NASDAQ">BAOS</a>) fell 16.3% to $3.58.</li>
<li>Linkage Global Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgcb#NASDAQ">LGCB</a>) declined 16.2% to $1.3357.</li>
<li>Bit Brother Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bets#NASDAQ">BETS</a>) fell 14.9% to $0.0114.</li>
<li>RiskOn International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roi#NASDAQ">ROI</a>) fell 14.8% to $0.3661. Ault Alliance disclosed that its majority beneficially owned subsidiary, RiskOn International, expects to announce its new generative artificial intelligence platform and launch a relationship with its principal technology partner on Jan. 3, 2024.</li>
<li>First Wave BioPharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fwbi#NASDAQ">FWBI</a>) fell 14.6% to $4.7199. First Wave BioPharma recently announced that it entered a non-binding term sheet to sell its Niclosamide program for the treatment of inflammatory bowel diseases.</li>
<li>Hallmark Financial Services, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hall#NASDAQ">HALL</a>) fell 13.7% to $1.0101 after dipping 25% on Wednesday. On Dec. 26, the company announced that it intends to voluntary delist from the Nasdaq.</li>
<li>AEye, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lidr#NASDAQ">LIDR</a>) shares fell 12.4% to $2.32 after gaining 19% on Wednesday.</li>
<li>Calliditas Therapeutics AB (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/calt#NASDAQ">CALT</a>) declined 11.6% to $25.19. Calliditas Therapeutics recently announced FDA approval of TARPEYO.</li>
<li>Wheels Up Experience Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/up#NYSE">UP</a>) fell 10.8% to $5.12.</li>
<li>Hut 8 Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hut#NASDAQ">HUT</a>) fell 10.1% to $16.29.</li>
<li>Iris Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iren#NASDAQ">IREN</a>) dipped 9.7% to $8.64. Iris Energy recently announced that its 10 EH/s expansion program is fully funded following the completion of the targeted equity raising program.</li>
<li>MyMD Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mymd#NASDAQ">MYMD</a>) shares fell 9.4% to $0.3031 after jumping over 40% on Wednesday.</li>
<li>Cyclo Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cyth#NASDAQ">CYTH</a>) shares fell 8.6% to $1.4973. Cyclo Therapeutics announced the closing of merger with Applied Molecular Transport Inc.</li>
<li>1847 Holdings LLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/efsh#NASDAQ">EFSH</a>) fell 8.2% to $0.4773. 1847 Holdings said it will effect a 1-for-4 reverse split of its common shares that will become effective on Jan. 8, 2024.</li>
<li>Bridgeline Digital, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blin#NASDAQ">BLIN</a>) fell 5.3% to $0.8501 following the release of fourth-quarter results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/23/12/36395783/amazon-adobe-and-2-other-stocks-insiders-are-selling"> Amazon, Adobe And 2 Other Stocks Insiders Are Selling</a>

Why DouYu International Shares Are Trading Higher By 14%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

<h4>Key Takeaways:</h4>
<ul>
<li>Futu&rsquo;s fee-based revenue rose 5.3% in the third quarter, while its overall revenue jumped 36% on a big increase in its interest income</li>
<li>Analysts were excited about the company&rsquo;s recent move into Japan, though Futu cautioned the market could be tough as more local brokers offer zero-commission trading</li>
</ul>
By Doug Young
A diverse portfolio has always been important when investing. Now, it&rsquo;s also becoming an important asset for online brokerage&nbsp;Futu Holdings Ltd.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/futu#NASDAQ">FUTU</a>), helping it to record revenue and profit gains in the third quarter despite difficult market conditions, according to its&nbsp;<a href="https://www.globenewswire.com/news-release/2023/11/23/2785142/0/en/Futu-Announces-Third-Quarter-2023-Unaudited-Financial-Results.html">latest financial report</a>&nbsp;released in late November.
At the same time, the company also announced its official launch of service in Canada and Japan in September. The Japan entry marks an especially important move for Futu, with the potential to make stocks from another one of the world&rsquo;s top 10 exchanges available to the company&rsquo;s increasingly global client base.
With the addition of Japan and Canada, Futu now offers its stock-trading services for seven markets, including its older markets in Hong Kong, the U.S., Singapore and Australia. The company also offers trading services that let users in Mainland China buy offshore stocks, and the company itself is headquartered in Hong Kong as it pursues its global strategy.
We&rsquo;ll return to the Japanese story shortly, as it has potential to become a future growth engine for the company. But first we&rsquo;ll begin with Futu&rsquo;s latest results, which show it managed to post growth for its core trading services in the third quarter despite one of the weaker environments for global stocks in recent memory.
In the face of such weakness, Futu maintained its trading volumes by offering a wide array of non-securities products, including money market funds, treasury notes and other fixed-income wealth management products that often become &ldquo;safe havens&rdquo; for investors in times of uncertainty.
The company said the brokerage commissions and handling charges that are its main operational revenue source totaled about HK$1 billion ($128.8 million) in the third quarter, up 5.3% year-on-year. But it earned an even larger HK$1.5 billion in interest income, up 71% from a year ago, thanks to the U.S. Federal Reserve&rsquo;s interest rate hikes over the last year to tame inflation. While that income has helped to boost the company&rsquo;s revenue this year, the Fed&rsquo;s halt to rate hikes could help to boost market liquidity going forward and thus ultimately breathe new life into Futu&rsquo;s brokerage commissions.
But for now, at least, the strong addition of interest income helped to boost Futu&rsquo;s overall revenue by 36% year-on-year to HK$2.7 billion ($338.5 million) in the third quarter.
Company executives discussed the wide range of investment products now available to Futu clients, and noted that client bond holdings jumped by 86.8% from the second quarter to the third due to strong demand for U.S. treasury bills.
&ldquo;We think these products will further diversify our clients&rsquo; asset allocations and help them to navigate different interest cycles down the line,&rdquo; said CFO Arthur Chen on Futu&rsquo;s earnings call to discuss the results.
Many of its non-stock products are grouped into Futu&rsquo;s category called &ldquo;wealth management,&rdquo; which has also seen strong growth in such volatile times. The company&rsquo;s wealth management client assets stood at HK$52 billion by the end of September, doubling from a year earlier. At that level, wealth management products now account for about 11% of Futu&rsquo;s total client assets, up from 7% a year earlier.
<h3>Growing Customer Base</h3>
The company&rsquo;s growing product base, combined with its widening geographic reach, helped Futu to boost its paying client base by 14% year-on-year to 1.65 million by the end of September, boosted by strong gains in Hong Kong and Singapore. The company added that its addition of 65,000 paying clients in the third quarter brought its total to 163,000 new paying clients for the nine months through September, exceeding its previous guidance for all of 2023.
Within its different major markets, Futu reported the strongest activity in trading for U.S. stocks. Its U.S. trading volume rose 19% quarter-on-quarter to HK$804 billion, while volume rose by a smaller 5% to HK$273 billion for Hong Kong, its second largest market. That dichotomy is reflected in the broader market indexes, with the S&amp;P 500 down by a relatively mild 3.6% during the third quarter, while the Hang Seng Index fell by a larger 5.8%.
Futu&rsquo;s modest gains from fee-based revenues, combined with the big interest income, helped to lift its net income by 45% for the quarter year-on-year to HK$1.1 billion. Analysts expect both the revenue and profit growth to slow next year as the interest income boost fades. Sixteen analysts polled by Yahoo Finance expect Futu&rsquo;s revenue to grow 11% in 2024, while they see its profit growing 6%.
Investors were neither wowed nor overly worried about the report, with Futu stock falling by a modest 1.1% last Friday after it came out. Year-to-date the stock is still up by more than 40%, contrasting sharply with declines for most other major U.S.- and Hong Kong-listed China stocks. The company&rsquo;s shares now trade at a price-to-earnings (P/E) ratio of 17, roughly in line with the 19 for U.S. online brokerage&nbsp;Charles Schwab&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>), but trailing the 29 for&nbsp;Interactive Brokers&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>) and an even higher 30 for Futu&rsquo;s former hometown rival&nbsp;UP Fintech&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tigr#NASDAQ">TIGR</a>).
We&rsquo;ll end with a look at Futu&rsquo;s move into Japan, which was the subject of questions from all four analysts who participated in the company&rsquo;s earnings call, reflecting excitement about the addition of such a major new market. The company said it began signing up customers in Japan after entering the market in September, and already had 400,000 users on its Japanese platform. It noted that Japanese users so far can only trade in U.S. stocks, but it expects to add Japanese stocks soon and also to make trading in those stocks available to its clients in Hong Kong and Singapore in the &ldquo;near future.&rdquo;
The Tokyo Stock Exchange is currently the world&rsquo;s fifth biggest stock market, behind only the New York Stock Exchange and Nasdaq in the U.S., Shanghai Stock Exchange and Euronext. But Futu executives noted the going could be tough in Japan, since many brokerages in the country are moving to zero commissions for trading in Japanese stocks.
But the company believes that its brokerage business could still become profitable in the Japanese market, for example by charging fees for Japanese customers who want to buy U.S. stocks. In addition, Futu is planning to launch Japan stock trading to clients outside of Japan, which will deepen client engagement in its other markets and create an additional revenue source.

Asia

IBKR

SCHW

Futu Squeezes Growth From Product, Geographic Diversity

Goldman Sachs maintains UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) with a Sell and raises the price target from $2.84 to $3.17.

Goldman Sachs Maintains Sell on UP Fintech Holding, Raises Price Target to $3.17

<h3>Companies Reporting Before The Bell</h3>
&bull; Smart Share Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EM#NASDAQ">EM</a>) is projected to report earnings for its third quarter.
&bull; UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) is likely to report earnings for its third quarter.
&bull; Cerence (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) is expected to report earnings for its fourth quarter.
&bull; Ituran Location &amp; Control (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRN#NASDAQ">ITRN</a>) is expected to report quarterly earnings at $0.58 per share on revenue of $82.10 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Cango (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANG#NYSE">CANG</a>) is expected to report earnings for its third quarter.
&bull; Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) is estimated to report quarterly earnings at $0.49 per share on revenue of $474.31 million.
&bull; Grupo Supervielle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPV#NYSE">SUPV</a>) is estimated to report earnings for its third quarter.
&bull; Seadrill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SDRL#NYSE">SDRL</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $408.00 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

CANG

CRNC

ITRN

SDRL

SUPV

Earnings Scheduled For November 27, 2023

Shares of UP Fintech Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tigr#NASDAQ">TIGR</a>) surged in pre-market trading after the company results for the third quarter.
UP Fintech Holding posted adjusted EPADS of 10 cents up from 4 cents in the year-ago period. The company&rsquo;s quarterly sales came in at $70.10 million versus, $55.41 million a year earlier.
UP Fintech shares rose 7% to $5.20 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3>Gainers</h3>
<ul>
<li>Mobiquity Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mobq#NASDAQ">MOBQ</a>) shares rose 27.3% to $0.5728 in pre-market trading after gaining around 7% on Friday.</li>
<li>Apollomics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aplm#NASDAQ">APLM</a>) shares rose 26.8% to $1.26 in pre-market trading after surging 14% on Friday. The company&rsquo;s partner in China, Avistone Biotechnology Co. Ltd., recently received conditional approval from the National Medical Products Administration (NMPA) of China for the commercialization of vebreltinib to treat patients with MET exon 14 skipping non-small cell lung cancer (NSCLC).</li>
<li>Crown ElectroKinetics Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crkn#NASDAQ">CRKN</a>) rose 26.6% to $0.2243 in pre-market trading after gaining 4% on Friday.</li>
<li>FLJ Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flj#NASDAQ">FLJ</a>) shares surged 25.6% to $0.1941 in pre-market trading. FLJ Group shares jumped 45% on Friday after the company announced it entered into a definitive agreement to acquire Alpha Mind Technology.</li>
<li>Avenue Therapeutics, Inc.(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atxi#NASDAQ">ATXI</a>) gained 19.2% to $0.2240 in pre-market trading. Avenue Therapeutics recently posted a profit for the third quarter.</li>
<li>Cyngn Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cyn#NASDAQ">CYN</a>) gained 13.1% to $0.2712 in pre-market trading after gaining 4% on Friday.</li>
<li>CN Energy Group. Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cney#NASDAQ">CNEY</a>) shares rose 12.5% to $0.1170 in pre-market trading after gaining more than 6% on Friday.</li>
<li>Bio-Path Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bpth#NASDAQ">BPTH</a>) shares climbed 11.1% to $0.5364 in pre-market trading. Bio-Path Holdings recently posted a narrower-than-expected quarterly loss.</li>
<li>Captivision Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/capt#NASDAQ">CAPT</a>) rose 10.6% to $2.59 in pre-market trading after surging 44% on Friday.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Impel Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/impl#NASDAQ">IMPL</a>) dipped 22.7% to $0.6532 in pre-market trading after gaining 8% on Friday. Impel Pharmaceuticals recently announced exploration of strategic alternatives.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agri#NASDAQ">AGRI</a>) shares fell 17.5% to $0.80 in pre-market trading.</li>
<li>Movella Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mvla#NASDAQ">MVLA</a>) fell 12.5% to $0.35 in pre-market.</li>
<li>Cuentas Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cuen#NASDAQ">CUEN</a>) shares fell 11.5% to $1.08 in pre-market trading after declining around 12% on Friday.</li>
<li>Trevena, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trvn#NASDAQ">TRVN</a>) shares fell 10.1% to $0.5217 in pre-market trading. Trevena recently posted a third-quarter loss of 57 cents per share.</li>
<li>BioNexus Gene Lab Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bglc#NASDAQ">BGLC</a>) fell 10.1% to $0.8089 in pre-market trading after jumping 144% on Friday.</li>
<li>Hitek Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hkit#NASDAQ">HKIT</a>) fell 9.4% to $1.25 in pre-market trading after jumping over 8% on Friday.</li>
<li>Intelligent Bio Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inbs#NASDAQ">INBS</a>) shares fell 8.6% to $0.2650 in pre-market trading. The company recently reported first-quarter financial results.</li>
<li>Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) shares fell 7.5% to $0.1106 in pre-market trading. Clearmind Medicine recently announced a 1-for-30 reverse share split.</li>
<li>Pagaya Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgy#NASDAQ">PGY</a>) fell 5.8% to $1.29 in pre-market trading after the company said Michael Kurlander, Chief Financial Officer, has stepped down from his role to pursue an outside opportunity. The company named Deputy Chief Financial Officer Evangelos Perros as Interim Chief Financial Officer.</li>
</ul>
&nbsp;
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AGRI

APLM

ATXI

BGLC

BPTH

CAPT

CMND

CNEY

CRKN

CUEN

HKIT

IMPL

Intelligent Bio Solutions Inc. - Common Stock

INBS

MOBQ

MVLA

TRVN

Why UP Fintech Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket

UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) reported quarterly adjusted earnings of $0.10 per share. This is a 143.9 percent increase over earnings of $0.04 per share from the same period last year. The company reported $70.10 million in sales this quarter. This is a 26.52 percent increase over sales of $55.41 million the same period last year.

UP Fintech Holding Q3 Adj. EPADS $0.10 Up From $0.04 YoY, Sales $70.10M Up From $55.41M YoY

U.S. stocks traded lower, with the Dow Jones falling around 40 points on Monday.
Shares of monday.com Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mndy#NASDAQ">MNDY</a>) gained on Monday <a href="https://www.benzinga.com/news/earnings/23/11/35746302/project-management-platform-monday-com-reports-robust-q3-topline-growth-stock-climbs">following upbeat earnings.</a>
Monday.com posted adjusted earnings of 64 cents per share, beating market estimates of 20 cents per share. The company&rsquo;s sales came in at $189.19 million versus expectations of $182.36 million.
The company said it sees Q4 revenue of $196 million to $198 million and FY23 revenue of $723 million to $725 million.
monday.com shares climbed 9.9% to $154.03 during Monday&rsquo;s session.
Here are some big stocks recording gains in today&rsquo;s session.
<ul>
<li>Montauk Renewables, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mntk#NASDAQ">MNTK</a>) shares jumped 23% to $7.91. Scotiabank upgraded Montauk Renewables from Sector Perform to Sector Outperform and announced a $9 price target.</li>
<li>TETRA Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tti#NYSE">TTI</a>) shares rose 16.6% to $5.01. Exxon Mobil Corp is reportedly planning to unveil its long-awaited lithium strategy today. The company aims to produce at least 10,000 metric tons of lithium annually in Arkansas by 2026 in partnership with Tetra Technologies, with initial production roughly equivalent to the amount needed to produce 100,000 EV batteries, as per Reuters.</li>
<li>RLX Technology Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rlx#NYSE">RLX</a>) jumped 15% to $1.88.</li>
<li>Karat Packaging Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krt#NASDAQ">KRT</a>) rose 13.6% to $21.39. Karat Packaging recently reported worse-than-expected third-quarter revenue results.</li>
<li>Penumbra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pen#NYSE">PEN</a>) gained 13.1% to $205.28.</li>
<li>Consensus Cloud Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ccsi#NASDAQ">CCSI</a>) gained 9.9% to $23.08. The company recently posted upbeat quarterly earnings.</li>
<li>StoneCo Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stne#NASDAQ">STNE</a>) rose 9.8% to $11.77 after the company reported upbeat results for its third quarter on Friday.</li>
<li>OneSpan Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ospn#NASDAQ">OSPN</a>) gained 8% to $10.28. OneSpan commenced a modified &quot;Dutch Auction&quot; tender offer to purchase for cash $20 million of its common stock at a price per share not less than $9.50 and not greater than $11.00.</li>
<li>Harmony Gold Mining Company Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmy#NYSE">HMY</a>) rose 7.8% to $4.82.</li>
<li>Fortrea Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftre#NASDAQ">FTRE</a>) gained 6.4% to $30.00 following strong quarterly results.</li>
<li>Henry Schein, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hsic#NASDAQ">HSIC</a>) climbed 6.2% to $68.06 following third-quarter results.</li>
<li>Spirit Airlines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/save#NYSE">SAVE</a>) jumped 5.7% to $9.28.</li>
<li>UP Fintech Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tigr#NASDAQ">TIGR</a>) gained 5.3% to $4.96.</li>
<li>The Boeing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) gained 4% to $204.38.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/23/11/35746303/top-4-consumer-stocks-that-may-fall-off-a-cliff-in-q4"> Top 4 Consumer Stocks That May Fall Off A Cliff In Q4</a>

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Monday.Com Reports Q3 Beat, Joins Fortrea Holdings, Henry Schein And Other Big Stocks Moving Higher On Monday

Gainers
MicroAlgo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlgo#NASDAQ">MLGO</a>) shares jumped 74% to $7.02 after it unveiled a knowledge-enhanced backtracking search algorithm to boost the performance and efficiency of research institutions.
Synaptogenix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snpx#NASDAQ">SNPX</a>) surged 28.7% to $0.3610.
Lifezone Metals Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lzm#NYSE">LZM</a>) gained 27.4% to $15.29. Lifezone Metals recently reported H1 loss of $16.77 per share.
SeqLL Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sql#NASDAQ">SQL</a>) gained 26% to $18.04.
Heart Test Laboratories, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hscs#NASDAQ">HSCS</a>) climbed 25.2% to $0.4680.
Cemtrex, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cetx#NASDAQ">CETX</a>) rose 21.7% to $6.86.
Cheche Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ccg#NASDAQ">CCG</a>) gained 21.1% to $17.99 amid continued volatility following the company&#39;s business combination with Prime Impact Acquisition I on Monday. The company today also said it has a successful, ongoing collaboration with Li Auto.
Mondee Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mond#NASDAQ">MOND</a>) gained 20% to $4.1799. Mondee Holdings approved a $30 million share repurchase program to boost shareholder value.
5E Advanced Materials, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/feam#NASDAQ">FEAM</a>) gained 20% to $2.70 after the company announced it received authorization from the Environmental Protection Agency to conduct Step-Rate Testing under its existing permit.
Shattuck Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sttk#NASDAQ">STTK</a>) jumped 19.6% to $1.83.
Avalo Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avtx#NASDAQ">AVTX</a>) shares rose 14.1% to $0.1169 after falling 8% on Thursday. The company recently agreed to divest AVTX-800 series.
Globus Maritime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glbs#NASDAQ">GLBS</a>) gained 13.3% to $1.45.
GSE Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gvp#NASDAQ">GVP</a>) shares rose 13.2% to $0.3497 after falling over 3% on Thursday.
NextPlat Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxpl#NASDAQ">NXPL</a>) gained 13.1% to $1.98.
Solowin Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swin#NASDAQ">SWIN</a>) rose 11.7% to $4.5250 after jumping 35% on Thursday.
Faraday Future Intelligent Electric Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffie#NASDAQ">FFIE</a>) shares climbed 11.7% to $4.09 as the company named Matthias Aydt as Global Chief Executive Officer, effective Sept. 29, 2023. The company also announced a management stock purchase plan.
Anterix Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atex#NASDAQ">ATEX</a>) gained 11.6% to $33.13. Anterix announced authorization of a new $250 million share repurchase program over three-year period.
Secoo Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seco#NASDAQ">SECO</a>) gained 9.9% to $0.3299.
UP Fintech Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tigr#NASDAQ">TIGR</a>) surged 8.7% to $5.21.
Losers
Neptune Wellness Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nept#NASDAQ">NEPT</a>) shares dipped 45.7% to $2.1708 after the company announced pricing of a $4.5 million public offering of 1.8 million shares at $2.50 per share.
Powerbridge Technologies Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbts#NASDAQ">PBTS</a>) fell 33.3% to $1.4090 after jumping 26% on Thursday. Powerbridge Technologies expanded global trade digital platform services across Asia and Europe.
Murphy Canyon Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/murf#NASDAQ">MURF</a>) declined 31.2% to $11.69 amid volatility following the company&#39;s business combination with Conduit Pharmaceuticals.
MSP Recovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lifw#NASDAQ">LIFW</a>) fell 26.9% to $0.1738.
FLJ Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flj#NASDAQ">FLJ</a>) fell 25.9% to $0.2260.
VolitionRx Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnrx#NASDAQ">VNRX</a>) declined 22.2% to $0.7928.
Morphic Holding, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/morf#NASDAQ">MORF</a>) fell 21.6% to $40.27.
American Oncology Network Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aonc#NASDAQ">AONC</a>) fell 19.2% to $16.58.
TradeUP Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/uptd#NASDAQ">UPTD</a>) fell 17.5% to $12.60.
Calidi Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cldi#NASDAQ">CLDI</a>) declined 17% to $3.28.
Applied Molecular Transport Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amti#NASDAQ">AMTI</a>) fell 16.7% to $0.17. Applied Molecular Transport agreed to merge with Cyclo Therapeutics Inc in an all-stock transaction.
Flux Power Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flux#NASDAQ">FLUX</a>) fell 15.1% to $4.2004 following weaker-than-expected quarterly sales.
Connexa Sports Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnxa#NASDAQ">CNXA</a>) fell 15% to $0.1330 after gaining over 17% on Thursday.
Elutia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elut#NASDAQ">ELUT</a>) declined 14.4% to $1.31.
Pharming Group N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/phar#NASDAQ">PHAR</a>) fell 14.1% to $12.90 after climbing around 15% on Thursday.
Scholastic Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/schl#NASDAQ">SCHL</a>) shares fell 13.6% to $33.65 after the company reported downbeat results for its first quarter on Thursday.
Molekule Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mkul#NASDAQ">MKUL</a>) shares fell 10.8% to $0.3041 after dipping 19% on Thursday. Molekule Group recently announced in an 8K filing that the board authorized the management to commence preparation of voluntary petition under Chapter 11 of the U.S. Bankruptcy Code.
MDB Capital Holdings, LLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdbh#NASDAQ">MDBH</a>) fell 9.8% to $11.27. MDB Capital raised $19,999,992 and started trading on the NASDAQ on Sept. 21, 2023.
Empire State Realty OP, L.P. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fisk#NYSE">FISK</a>) fell 8.6% to $7.41.
Cepton, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cptn#NASDAQ">CPTN</a>) declined 7.4% to $3.6201.
PMV Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pmvp#NASDAQ">PMVP</a>) fell 7.2% to $6.22.
Hertz Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htz#NASDAQ">HTZ</a>) fell 6.7% to $14.06.
Intercept Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icpt#NASDAQ">ICPT</a>) declined 6.6% to $10.09.
Now Read This: <a href="https://www.benzinga.com/news/23/09/34823153/nike-mcdonalds-and-other-consumer-stocks-from-wall-streets-most-accurate-analysts"> Nike, McDonald&#39;s And Other Consumer Stocks From Wall Street&#39;s Most Accurate Analysts</a>

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Why Flux Power Shares Are Trading Lower By 15%? Here Are Other Stocks Moving In Friday's Mid-Day Session

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UP Fintech Holding Stock (NASDAQ:TIGR), Trade Ideas