Currenc Group Inc (NASDAQ:CURR) price closed higher on Tuesday, July 22, and jumping 13.33% above its previous close.
A look at the daily price movement shows that the last close reads $1.65, with intraday deals fluctuated between $1.5907 and $1.95. Taking into account the 52-week price action we note that the stock hit a 52-week high of $13.59 and 52-week low of $0.33. The stock added 340.00% on its value in the past month.
Currenc Group Inc, which has a market valuation of $142.28 million, is expected to release its quarterly earnings report on 2025-May-20.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give CURR a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that CURR’s price is at present 42.44% off the SMA20 and 110.05% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 66.45, with weekly volatility standing at 13.30%. The indicator jumps to 30.59% when calculated based on the past 30 days. Currenc Group Inc (NASDAQ:CURR)’s beta value is holding at -0.20. Considering analysts have assigned the stock a price target range of $3.5-$3.5 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3.5. Based on this estimate, we see that current price is roughly -87.17% off the estimated low and -87.17% off the forecast high. Investors will no doubt be excited to see the share price fall to $3.5, which is the median consensus price, and at that level CURR would be -87.17% from current price.
An analysis of the Currenc Group Inc (NASDAQ:CURR) stock in terms of its daily trading volume indicates that the 3-month average is 4.23 million. However, this figure increases on the past 10-day timeline to an average of 1.23 million.
Current records show that the company has 46.53M in outstanding shares. The insiders’ percentage holdings are 78.88% of outstanding shares while the percentage share held by institutions stands at 0.16%. But the -83.95% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
