Cuentas Inc. (NASDAQ:CUEN) finished Friday with a subtraction of $0.0 to close at $0.18, an upside of 0.78 percent. An average of 416,740 shares of common stock have been traded in the last five days. There was a fall of -$0.0393 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 457,245 shares traded, while the 50-day average volume stands at 684,272.
CUEN stock has decreased by -37.73% in the last month. The company shares reached their 1-month lowest point of $0.1500 on 12/23/22. With the stock rallying to its 52-week high on 03/18/22, shares of the company touched a low of $0.15 and a high of $2.44 in 52 weeks. It has reached a new high 5 times so far this year and lost -86.34% or -$1.1483 in price. In spite of this, the price is down -92.55% from the 52-week high.
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Cuentas Inc. (CUEN) stock’s beta is 0.58. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.70, the price-to-book (PB) ratio at 0.63.
The quick ratio of Cuentas Inc. for the recent quarter was 0.90, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.04 for the recent quarter. Its gross profit as reported stood at $0.12 million compared to revenue of $0.59 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cuentas Inc.’s return on assets was -149.20%.
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$2.28 million in the quarter, while revenues of -$3.19 million were shrunk -5.7%. Shareholders own equity worth $16.72 million.
From a technical analysis perspective, let’s take a brief look at Cuentas Inc. (CUEN) price momentum. RSI 9-day as of the close on 30 December was 31.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 86.08%.
As of today, CUEN’s price is $0.1819 -17.78% or -$0.0393 from its 5-day moving average. CUEN is currently trading -37.60% lower than its 20-day SMA and -78.73% lower than its 100-day SMA. However, the stock’s current price level is -53.27% below the SMA50 and -83.48% below the SMA200.
The stochastic %K and %D were 13.32% and 14.21%, respectively, and the average true range (ATR) was 0.0430. With the 14-day stochastic at 15.85% and the average true range at 0.0451, the RSI (14) stands at 33.91%. The stock has reached -0.0277 on the 9-day MACD Oscillator while the 14-day reading was at -0.0471.