Cuentas Inc (NASDAQ:CUEN) price closed higher on Monday, November 20, jumping 36.81% above its previous close.
A look at the daily price movement shows that the last close reads $0.95, with intraday deals fluctuated between $1.16 and $1.77. The company’s 5Y monthly beta was ticking 2.44. Taking into account the 52-week price action we note that the stock hit a 52-week high of $21.45 and 52-week low of $0.80. The stock added 9.70% on its value in the past month.
Cuentas Inc, which has a market valuation of $2.73 million, is expected to release its quarterly earnings report Nov 20, 2023.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CUEN a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that CUEN’s price is at present 26.99% off the SMA20 and -2.35% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 56.82, with weekly volatility standing at 25.01%. The indicator jumps to 17.06% when calculated based on the past 30 days. Cuentas Inc (NASDAQ:CUEN)’s beta value is holding at 2.37, while the average true range (ATR) indicator is currently reading 0.22.
An analysis of the Cuentas Inc (NASDAQ:CUEN) stock in terms of its daily trading volume indicates that the 3-month average is 55.42K. However, this figure increases on the past 10-day timeline to an average of 59920.0.
Current records show that the company has 1.47M in outstanding shares. The insiders’ percentage holdings are 33.69% of outstanding shares while the percentage share held by institutions stands at 7.53%. The stats also highlight that short interest as of Oct 30, 2023, stood at 38660.0 shares, which puts the short ratio at the time at 0.41. From this we can glean that short interest is 1.84% of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 27720.0. But the -44.96% 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.