Currenc Group (NASDAQ:CURR) Shares Up 5% – Here’s Why

Shares of Currenc Group Inc. (NASDAQ:CURR) were up 5% during trading on Thursday . The company traded as high as $1.75 and last traded at $1.69. Approximately 174,815 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 237,045 shares. The stock had previously closed at $1.61.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CURR shares. Zacks Research upgraded Currenc Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Currenc Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3.50.

Currenc Group Trading Up 5.0%

The firm has a market cap of $78.64 million, a P/E ratio of -1.59 and a beta of -0.13. The company has a fifty day moving average price of $1.70 and a two-hundred day moving average price of $1.37.

Currenc Group (NASDAQ:CURR) last released its quarterly earnings data 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 analyst estimates of $10.40 million.

About Currenc Group

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.