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Wednesday, December 6, 2023

The Street Is Finally Waking Up To Tingo Group Inc (NASDAQ: TIO)

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Tingo Group Inc (TIO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0051, or -0.73%, to $0.6901. The Tingo Group Inc has recorded 51,625 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Tingo Group to Host Third Quarter 2023 Results Conference Call on Tuesday November 14, 2023 at 8:00 a.m. Eastern Time.

Stocks Info

TIO belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $0.70 and fluctuated between $0.7379 as its day high and $0.6415 as its day low. The current market capitalization of Tingo Group Inc is $142.67M. A total of 4.05 million shares were traded on the day, compared to an average of 5.57M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TIO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 0 SELLs from insiders. Insiders purchased 29,962,808 shares during that period but sold 0.

In the most recent transaction, AGRI-FINTECH HOLDINGS, INC. sold 10,000,000 shares of TIO for 0.90 per share on Oct 13. After the transaction, the 10% Owner now owns 41,826,483 company shares.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TIO in the last 3 months, the mean price target is $11.75 with high estimates of $11.75 and low estimates of $11.75. In terms of 52-week highs and lows, TIO has a high of $5.69 and a low of $0.63.

As of this writing, TIO has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of $0.33 in the last quarter, which was 17.90% higher than expectations of $0.28.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TIO’s latest balance sheet shows that the firm has $94.93M in Cash & Short Term Investments as of fiscal 2021. There were $3.65M in debt and $25.39M in liabilities at the time. Its Book Value Per Share was $3.17, while its Total Shareholder’s Equity was $147.72M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TIO is Buy with a score of 0.00.

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