Infobird (NASDAQ:IFBD) Shares Break Above 200-Day Moving Average – What’s Next?

Shares of Infobird Co., Ltd. (NASDAQ:IFBD) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $0.97 and traded as high as $1.08. Infobird shares last traded at $1.03, with a volume of 1,032,297 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Infobird from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, October 26th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Infobird Trading Up 27.3%

The stock’s 50-day moving average is $0.93 and its 200 day moving average is $0.98.

Infobird (NASDAQ:IFBD) last released its earnings results on Thursday, September 24th. The company reported ($0.94) EPS for the quarter. The business had revenue of $0.93 million for the quarter.

Infobird Company Profile

Infobird Co, Ltd. (NASDAQ: IFBD) is a China-based software-as-a-service provider focused on artificial intelligence and customer engagement technologies. The company develops cloud-based solutions designed to help businesses manage customer service operations, improve interactions and automate routine support activities.

Its products and services include intelligent customer service platforms, cloud contact-center software, customer relationship management tools, chatbots and other AI-enabled applications.