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Is Cuentas Inc (NASDAQ: CUEN) Stock An Instant Disaster Or An Incredible Opportunity?

In the latest trading session, 7.41 million Cuentas Inc (NASDAQ:CUEN) shares changed hands as the company’s beta touched 2.37. With the company’s most recent per share price at $1.19 changing hands around $0.24 or 25.24% at last look, the market valuation stands at $2.50M. CUEN’s current price is a discount, trading about -1702.52% off its 52-week high of $21.45. The share price had its 52-week low at $0.80, which suggests the last value was 32.77% up since then. When we look at Cuentas Inc’s average trading volume, we note the 10-day average is 59920.0 shares, with the 3-month average coming to 55.42K.

Cuentas Inc (NASDAQ:CUEN) trade information

Instantly CUEN is in green as seen in intraday trades today. With action 19.84%, the performance over the past five days has been green. The jump to weekly highs of 1.7700 on Friday, 11/17/23 added 25.24% to the stock’s daily price. The company’s shares are showing year-to-date downside of -49.62%, with the 5-day performance at 19.84% in the green. However, in the 30-day time frame, Cuentas Inc (NASDAQ:CUEN) is 0.42% up. Looking at the short shares, we see there were 38660.0 shares sold at short interest cover period of 0.41 days.

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CUEN Dividends

Cuentas Inc is expected to release its next quarterly earnings report between November 20 and November 22.

Cuentas Inc (NASDAQ:CUEN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 38.79% of Cuentas Inc shares while 9.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 16.18%. There are 9.90% institutions holding the Cuentas Inc stock share, with Platform Technology Partners the top institutional holder. As of Jun 29, 2023, the company held 3.02% of the shares, roughly 63600.0 CUEN shares worth $0.27 million.

Tower Research Capital LLC (TRC) holds the second largest percentage of outstanding shares, with 0.13% or 2713.0 shares worth $11611.0 as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. With 3165.0 shares estimated at $13546.0 under it, the former controlled 0.15% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.04% of the shares, roughly 740.0 shares worth around $3603.0.

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