Currenc Group (NASDAQ:CURR) Trading Up 1.2% – Still a Buy?

Currenc Group Inc. (NASDAQ:CURR) shares rose 1.2% on Friday . The company traded as high as $1.7734 and last traded at $1.75. Approximately 49,951 shares traded hands during trading, a decline of 79% from the average daily volume of 240,336 shares. The stock had previously closed at $1.73.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Currenc Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Currenc Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3.50.

Currenc Group Stock Up 1.2%

The firm has a market cap of $81.43 million, a P/E ratio of -1.99 and a beta of 0.09. The business’s 50 day moving average is $2.33 and its 200-day moving average is $1.91.

Currenc Group (NASDAQ:CURR) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.17. The company had revenue of $10.39 million for the quarter, compared to the consensus estimate of $9.50 million.

Hedge Funds Weigh In On Currenc Group

A hedge fund recently bought a new stake in Currenc Group stock. Two Sigma Investments LP acquired a new stake in Currenc Group Inc. (NASDAQ:CURR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 59,536 shares of the company’s stock, valued at approximately $100,000. Two Sigma Investments LP owned about 0.13% of Currenc Group as of its most recent SEC filing. 56.01% of the stock is owned by institutional investors.

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.