Currenc Group (NASDAQ:CURR) Raised to "Hold" at Zacks Research

Key Points

• Currenc Group has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, while Weiss Ratings maintained a "sell (d-)" rating.
• The stock, which has a market cap of $79.57 million, had mixed earnings results, reporting a loss of ($0.10) per share against an expected loss of ($0.04).
• CURREN Group's current average rating is "Moderate Buy" with a consensus price target of $3.50, despite its stock price fluctuation between a 1-year low of $0.33 and a high of $7.08.

Currenc Group (NASDAQ:CURR - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Currenc Group in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $3.50.

Currenc Group Trading Up 3.6%

Shares of CURR stock opened at $1.71 on Monday. The stock has a market cap of $79.57 million, a price-to-earnings ratio of -1.61 and a beta of -0.13. The stock has a 50-day moving average of $1.68 and a 200-day moving average of $1.36. Currenc Group has a 1-year low of $0.33 and a 1-year high of $7.08.

Currenc Group (NASDAQ:CURR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The firm had revenue of $8.71 million during the quarter, compared to the consensus estimate of $10.40 million.

Currenc Group Company Profile

Currenc Group, Inc engages in operating a fintech banking platform. It operates through the following segments: Remittance Services, Sales of Airtime, and Other Services. The company is headquartered in Singapore.

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