Cuentas Inc (NASDAQ: CUEN) stock jumped 36.81% on Monday to $1.30 against a previous-day closing price of $0.95. With 10.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 55420.0 shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.7700 whereas the lowest price it dropped to was $1.1600. The 52-week range on CUEN shows that it touched its highest point at $21.45 and its lowest point at $0.80 during that stretch. Beta for the stock currently stands at 2.37.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CUEN was up-trending over the past week, with a rise of 30.92%, but this was up by 9.70% over a month. Three-month performance dropped to -57.79% while six-month performance fell -74.85%. The stock lost -68.75% in the past year, while it has lost -44.96% so far this year.
Float and Shares Shorts:
At present, 1.47 million CUEN shares are outstanding with a float of 1.39 million shares on hand for trading. On Oct 30, 2023, short shares totaled 38660.0, which was 1.84% higher than short shares on Sep 28, 2023. In addition to Mr. Shalom Arik Maimon as the firm’s Co-Founder, Interim CEO & Executive Chairman, Mr. Michael A. De Prado serves as its Co-Founder, Interim President & Executive Vice Chairman of the Board.
Institutional Ownership:
Through their ownership of 9.90% of CUEN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.97% of CUEN, in contrast to 0.56% held by mutual funds. As the largest shareholder in CUEN with 4.46% of the stake, Armistice Capital LLC holds 93,697 shares worth 93,697. A second-largest stockholder of CUEN, Platform Technology Partners LLC, holds 59,191 shares, controlling over 2.81% of the firm’s shares. Tower Research Capital LLC is the third largest shareholder in CUEN, holding 5,083 shares or 0.24% stake. With a 0.25% stake in CUEN, the Fidelity Extended Market Index Fu is the largest stakeholder. A total of 5,322 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.24% of CUEN stock, is the second-largest Mutual Fund holder. It holds 5,052 shares valued at 5153.0. Fidelity Series Total Market Inde holds 0.04% of the stake in CUEN, owning 879 shares worth 897.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CUEN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
Summary of Insider Activity:
Insiders traded CUEN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
