Cuentas Inc. (NASDAQ:CUEN – Get Free Report)’s stock price dropped 19% during mid-day trading on Wednesday. The stock traded as low as $0.4211 and last traded at $0.4211. 5,143 shares changed hands during trading, a decline of 27% from the average daily volume of 7,041 shares. The stock had previously closed at $0.52.
Cuentas Price Performance
The stock has a fifty day moving average price of $0.55 and a 200 day moving average price of $0.40. The stock has a market capitalization of $1.15 million, a P/E ratio of -2.01 and a beta of -18.39.
Cuentas Company Profile
Cuentas, Inc is a financial technology company focused on providing digital financial services to underserved and underbanked consumers in the United States. Through its technology platform, the company seeks to combine payment, banking, and everyday financial services in a single ecosystem.
Its offerings have included mobile banking and digital wallet services, prepaid debit cards, direct deposit capabilities, money transfers, bill payment, and mobile phone services. Cuentas products are designed to help customers make payments, manage funds, and access financial tools without relying exclusively on traditional bank branches.
The company has also pursued initiatives connected with affordable housing and related community services through its Cuentas Casa platform.
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