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Currenc Group (NASDAQ:CURR) Shares Down 0.6% - Time to Sell?

Currenc Group logo with Services background

Key Points

  • Currenc Group Inc. (NASDAQ:CURR) shares fell by 0.6% to trade at $1.67, with increased trading volume of 209,206 shares compared to the average of 130,392 shares.
  • The company reported a loss of ($0.10) EPS for the last quarter, missing estimates, while revenue was $8.71 million, below the anticipated $10.40 million.
  • Currenc Group operates a fintech banking platform, focusing on segments such as remittance services and sales of airtime.
  • Five stocks to consider instead of Currenc Group.

Shares of Currenc Group Inc. (NASDAQ:CURR - Get Free Report) were down 0.6% on Wednesday . The stock traded as low as $1.64 and last traded at $1.67. Approximately 209,206 shares traded hands during trading, an increase of 60% from the average daily volume of 130,392 shares. The stock had previously closed at $1.68.

Currenc Group Trading Down 0.6%

The stock's 50-day moving average is $1.73 and its 200-day moving average is $1.37. The stock has a market cap of $77.71 million, a price-to-earnings ratio of -1.58 and a beta of -0.13.

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

About Currenc Group

(Get Free Report)

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.

Further Reading

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