The stock of Currenc Group Inc (CURR) has gone down by -15.79% for the week, with a 2.56% rise in the past month and a -31.62% drop in the past quarter. The volatility ratio for the week is 12.47%, and the volatility levels for the past 30 days are 27.11% for CURR. The simple moving average for the past 20 days is -22.57% for CURR’s stock, with a -75.96% simple moving average for the past 200 days.
Is It Worth Investing in Currenc Group Inc (NASDAQ: CURR) Right Now?
Company’s 36-month beta value is -0.26.
The public float for CURR is 18.91M, and currently, short sellers hold a 2.35% ratio of that floaft. The average trading volume of CURR on January 31, 2025 was 5.57M shares.
CURR) stock’s latest price update
Currenc Group Inc (NASDAQ: CURR) has experienced a decline in its stock price by -6.43 compared to its previous closing price of 1.71. However, the company has seen a fall of -15.79% in its stock price over the last five trading days. globenewswire.com reported 2025-01-08 that SINGAPORE, Jan. 08, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech and digital remittance pioneer serving millions of unbanked and underbanked individuals in Southeast Asia and beyond, today announced the launch of its SEAMLESS AI Call Centre Solutions, a suite of AI-powered tools designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance companies, telecommunications companies, government agencies, cryptocurrency exchanges and other financial institutions.
CURR Trading at -12.67% from the 50-Day Moving Average
After a stumble in the market that brought CURR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.23% of loss for the given period.
Volatility was left at 27.11%, however, over the last 30 days, the volatility rate increased by 12.47%, as shares surge +1.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.98% lower at present.
During the last 5 trading sessions, CURR fell by -15.79%, which changed the moving average for the period of 200-days by -85.80% in comparison to the 20-day moving average, which settled at $2.0665. In addition, Currenc Group Inc saw -11.11% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CURR
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.17 for the gross margin
The net margin for Currenc Group Inc stands at -0.05. The total capital return value is set at -0.13. Equity return is now at value -27.78, with -3.50 for asset returns.
Based on Currenc Group Inc (CURR), the company’s capital structure generated 2.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at -1.8. The interest coverage ratio of the stock is 0.54.
Currently, EBITDA for the company is -1.9 million with net debt to EBITDA at 25.78. When we switch over and look at the enterprise to sales, we see a ratio of 2.24. The receivables turnover for the company is 649.27for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In a nutshell, Currenc Group Inc (CURR) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
