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Tag: CUEN

  • Cuentas, Inc. (CUEN) Stock Soars Following Definite Agreement Between Cuentas and WaveMax

    Cuentas, Inc. (CUEN) stock prices were up 18.82% as of the market opening on July 22nd, 2021, bringing the price per share up to USD$4.23 early on in the trading day.

    Agreement with Wavemax

    July 22nd, 2021 saw the company announce having signed an exclusive, definitive JV agreement to rollout WaveMax’s SharedWiFi6 patented technology in 1000 locations. The rollout will commence from the New York City Metropolitan Area, with 500 locations in NYC, 330 in New Jersey, and 170 in Connecticut, with additional rollouts planned throughout the rest of the United States. The collaborative partners will execute a 50/50 joint venture to install advanced WiFi6 Access Points and Small Cells across the 1000 Bodega Stores.

    Implementing WaveMax Tech

    The stores will become CUEN’s premium locations that will be situated near public train stations and mass transit hubs, with the company’s products and services being offered on secure networks. The WiFi6 service is designed to enhance customer experiences with the Bodega stores with the automatic connecting of users with SharedWiFi high-speed internet, extending the reach of special in-store offers. Consumers at CUEN Points of Sale locations will also have access to promotions for the Cuentas GPR card and discounted products offered for sale through the company’s mobile app.

    CUEN’s Foray into Advertising

    The unique agreement will facilitate CUEN’s entry into the advertising ecosystem with its use of major brands to advertise the company’s offerings through mobile handsets. Furthermore, the company’s products and services will be available at a 50% discount for most favored nation pricing on their digital advertising platform.

    Advertising Ecosystem

    The company’s proprietary WaveMax’s SharedFi patented technology ensures the provision of a shared network of WiFi access points and small cells. Users will have access to the shared network and will have the option of being targeted by location-based advertising. The ads are configured by advertisers making use of WaveMax’s dashboards, which can manually or automatically target suitable demographics in an efficient manner.

    Future Outlook for CUEN

    Armed with the proliferation of its WaveMax technology and its rollout agreement, CUEN is poised to massively expand the scope of its market footprint. Keen to increase accessibility and market penetration, CUEN is confident in its ability to continue its trajectory of success. Investors are hopeful that management will persist in the effective management of company resources to usher in organic growth over the long term.

  • Cuentas, Inc. (CUEN) Stock Dips After Exercising of Warrants from February 2021 Public Offering

    Cuentas, Inc. (CUEN) Stock Dips After Exercising of Warrants from February 2021 Public Offering

    Cuentas, Inc. (CUEN) stock prices were down 14.40% shortly after market trading commenced on July 12th, 2021, bringing the price per share down to USD$4.16 early on in the trading day.

    Public Offering

    July 12th, 2021 saw the company announce the generation of USD$6.2 million from the exercising of warrants issues earlier in February of 2021. The warrants were issued in relation to the company’s underwritten public offering of 2,790,697 units, with each unit priced at USD$4.30 per unit. The offering raised roughly USD$12 million, before the deduction of expenses related to the offering. The warrants started trading on the Nasdaq Capital Market under the ticker CUENW since February 2nd, 2021.

    Inclusion in WaveMax Network

    WaveMaxannounced having been selected by TelcoDR as a part of its showcase of the most innovative mobile technologies at the Mobile World Congress in Barcelona. Cuentas has signed a contract to rollout SharedFi across 170 test locations in the New York City-Tristate area. The testing period will last 6 months, the success of which will result in the collaborative installation of 1,000 additional Bodega Stores in a 50/50 joint venture.

    Synchronicity with Execon

    The WiFi managed services company, Execon, will facilitate the implementation of WiFi6 infrastructure and manage and monitor the broadband internet at various Bodega stores. Execon will connect participating stores, while Cuentas will connect customers via the WaveMax platform, driving customer savings and greater value. The WaveMax mobile ecosystem will encourage an enhanced user and shopping experience, with Cuentas customers having access to discounts for purchases and rewards, this driving in greater net revenues.

    Healthy Financials

    The company’s balance sheet for the first quarter of 2021 improved drastically, largely as a result of a successful USD$12 million capital raising venture, The underwritten public offering saw the generation of USD$10.6 million in net proceeds. The capital raised was allocated towards the repayment of all of its financial debt, including USD635,000 to Labrys, USD$378,000 to Dinar Zuz, and a USD$260k convertible loan with interest to A.Ghershony.

    Future Outlook for CUEN

    Armed with a solid liquidity position, the company is poised to capitalize on the opportunities afforded to it by the expansive scope of its collaborative ventures. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    On February 18, American stock indices ended in the red. The S&P 500 index fell 0.44% to 3914 points, the Dow Jones fell 0.38%, the NASDAQ fell 0.72%, losing more than 1.5% during the session. The reason for the correction was the data on the growth in the number of applications for unemployment benefits, as well as the flow of capital into cyclical sectors. Thus, the consumer goods segment traded better than the market, ending the day with a result of + 0.14%. The energy sector corrected by 2.27%.

    Company news

    Software developer Twilio (TWLO: + 7.7%) posted strong quarterly results, with revenue growth exceeding expectations.

    Walmart’s comparable sales (WMT: -6.5%) were better than the consensus, but investors were disappointed by the weak EPS performance and the forecast that the retailer’s capex will increase from $ 10 billion to $ 14 billion this year.

    Revenue and EBITDA of lithium supplier Albemarle (ALB: -10.2%) exceeded investor expectations, but the company’s forecasts were not strong enough.

    Today, global stock markets are showing mixed dynamics. Investors continue to assess the potential impact of rising bond yields on the stock market. The 10-year Treasury yield climbed to the February 2020 level. From the point of view of corporate finance, in this situation, the discount rate increases, which ultimately reduces the fair value of the shares. At the same time, an increase in the yield of government bonds reflects an improvement in economic prospects, so there is no consensus among the investment community regarding the impact of this factor on the market.

    The current consensus on the fiscal stimulus package suggests that it will be approved in mid-March in the amount of about $ 1.5 trillion. Moreover, after the adoption of this package, all attention will be focused on infrastructure government spending, the project of which will be presented next month. Their estimated volume is $ 2 trillion. Rumors regarding this bill are already beginning to influence the market.

    The Freedom Finance Sentiment Index climbed to 80 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospect of mass vaccinations.

    Technically, the S&P 500 is still in an uptrend, the upper bound of which limits the upside potential of the broad market index. The previous trading session did not change the overall picture too much. In the short term, correction or consolidation is likely, as a bearish divergence is being formed on the RSI indicator.

    Today Top Movers

    Zynga Inc. (ZNGA) stock soared 1.16% to $12.24 in pre-market trading.‎ ZNGA is a global leader in interactive entertainment Games recently announced Star Wars: Hunters, a competitive arena combat game.

    Cuentas Inc. (NASDAQ: CUEN) shares are trading up 46.01% at $5.49 at the time of writing. ‎CUEN is a leading FinTech provider of mobile banking and payment solutions focused on Hispanic and Latino communities. ‎

    ‎Mmtec Inc. (MTC) grew over 80.31% at $7.05 in pre-market trading today. MTC is a company that develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements.

    ‎Citius Pharmaceuticals Inc. (CTXR), a Biotechnology company, rose about 26.92% at $1.98 in pre-market trading Friday after declaring a $76.5 million registered direct offering priced at-the-market under Nasdaq Rules.‎

    Top Upgrades & Downgrades

    Roth Capital turned bullish on Coeur Mining Inc. (CDE), upgrading the stock to “Buy” and assigning a $10.0 price target, representing a potential upside of 19.19% from Thursday’s close. 

    Sabre Corporation (SABR) has won the favor of Deutsche Bank’s equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $17.0, suggesting 33.65% additional upside for the stock. 

    Everbridge Inc. (EVBG) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $200.0. They changed their rating on EVBG to Overweight from Neutral in a recently issued research note. 

    Earlier Friday Mizuho reduced its rating on Sunoco LP (SUN) stock to Neutral from Buy and assigned the price target to $33.0. With shares trading at around $30.58, the Wall Street firm thinks Sunoco LP’s stock could add than 7.63%. 

    Deutsche Bank analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for eHealth Inc. (EHTH) has been changed to Hold from Buy and the new price target is set at $63.0. 

    Analysts at JP Morgan downgraded The Kraft Heinz Company (KHC)’s stock to Neutral from Overweight Friday.

    Latest Insider Activity

    Twitter Inc. (TWTR) Chief Legal Officer Gadde Vijaya announced the sale of shares taking place on Feb 16 at $72.03 for some 14,940 shares. The total came to more than $1.08 million. 

    Inovio Pharmaceuticals Inc. (INO) Director BENITO SIMON X sold on Feb 16 a total of 51,650 shares at $14.68 on average. The insider’s sale generated proceeds of almost $29360. 

    Hepion Pharmaceuticals Inc. (HEPA) Chief Financial Officer Cavan John T declared the purchase of shares taking place on Feb 18 at $2.00 for some 10,000 shares. The transaction amount was around $20000. 

    United States Steel Corporation (X) Director Atkinson Tracy A bought on Feb 16 a total 17,177 shares at $17.07 on average. The purchase cost the insider an estimated $25,059.

    Important Earnings

    Top US earnings releases scheduled for today include MoneyGram International Inc. (NASDAQ: MGI). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.08 per share from revenues of $326.62M in the three-month period. 

    Analysts expect Deere & Company (NYSE: DE) to report a net income (adjusted) of $2.16 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2021 is predicted to come in at $7.21B. 

    Enerplus Corporation (ERF), due to announce earnings before the market opens today, is expected to report earnings of $0.22 per share from revenues of $241.79M recently concluded three-month period.