Currenc Group Inc (NASDAQ:CURR) shares, rose in value on Wednesday, July 09, with the stock price down by -3.79% to the previous day’s close as strong demand from buyers drove the stock to $2.03.
Actively observing the price movement in the last trading, the stock closed the session at $2.11, falling within a range of $1.8 and $2.105. Referring to stock’s 52-week performance, its high was $13.59, and the low was $0.33. On the whole, CURR has fluctuated by 306.00% over the past month.
With the market capitalization of Currenc Group Inc currently standing at about $154.45 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-20.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 43.2M, with a low estimate of 10.4M and a high estimate of 10.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CURR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of CURR currently trading nearly 149.07% and 136.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 81.21, while the 7-day volatility ratio is showing 35.71% which for the 30-day chart, stands at 27.56%. Furthermore, Currenc Group Inc (CURR)’s beta value is -0.38.
A comparison of Currenc Group Inc (CURR) with its peers suggests the former has fared considerably weaker in the market. CURR showed an intraday change of -3.79% in last session, and over the past year, it grew by 12.78%%.
Data on historical trading for Currenc Group Inc (NASDAQ:CURR) indicates that the trading volumes over the past 10 days have averaged 5.76 and over the past 3 months, they’ve averaged 4.13 million. According to company’s latest data on outstanding shares, there are 46.53 million shares outstanding.
Nearly 59.35% of Currenc Group Inc’s shares belong to company insiders and institutional investors own 0.16% of the company’s shares. The stock has fallen by -82.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CURR stock heading into the next quarter.
