CURRENC Group (NASDAQ:CURR) Issues Quarterly Earnings Results, Misses Expectations By $0.66 EPS

CURRENC Group (NASDAQ:CURR) issued its earnings results on Monday. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.66), Zacks reports. The business had revenue of $11.07 million during the quarter, compared to analyst estimates of $10.50 million. During the same period in the prior year, the firm posted ($1.03) EPS.

CURRENC Group Stock Performance

Shares of CURR stock traded down $0.03 during trading hours on Wednesday, reaching $1.47. 24,558 shares of the company’s stock were exchanged, compared to its average volume of 2,322,348. The stock’s 50 day moving average is $1.81 and its 200-day moving average is $1.91. CURRENC Group has a fifty-two week low of $1.19 and a fifty-two week high of $7.08.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group set a $3.50 target price on shares of CURRENC Group in a report on Wednesday, March 5th. Roth Capital raised CURRENC Group to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Roth Mkm started coverage on shares of CURRENC Group in a research report on Wednesday, March 5th. They issued a “buy” rating and a $3.50 price target for the company.

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.