Cuentas (NASDAQ:CUEN) Trading Up 56.9% – Still a Buy?

Cuentas Inc. (NASDAQ:CUEN) shares were up 56.9% on Wednesday . The company traded as high as $0.63 and last traded at $0.6278. 9,261 shares changed hands during trading, an increase of 27% from the average daily volume of 7,317 shares. The stock had previously closed at $0.4002.

Cuentas Trading Up 56.9%

The stock has a market capitalization of $1.71 million, a price-to-earnings ratio of -2.99 and a beta of -16.76. The firm has a 50-day moving average of $0.52 and a 200-day moving average of $0.36.

Cuentas Company Profile

Cuentas, Inc is a financial technology company that provides digital financial services and payment products to consumers who may be underserved by traditional banks. The company focuses particularly on Hispanic and Latino communities in the United States, offering tools intended to support everyday money management and access to electronic payments.

Its product offerings have included the Cuentas Card, a prepaid payment card, and the Cuentas mobile application. Through these platforms, customers may access services such as mobile connectivity, bill payment, money transfers, direct deposit and other digital financial functions.