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Tag: Cuentas stock

  • Cuentas (CUEN) Stock Spiked 9% After-Hours

    Cuentas (CUEN) Stock Spiked 9% After-Hours

    Cuentas Inc. (NASDAQ: CUEN) witnessed a notable upswing of 9.40% during after-hours trading on Thursday, reaching a value of $1.28. The preceding regular trading session saw Cuentas (CUEN) stock price experience a decline of 5.65%, settling at $1.17. The resurgence in the stock’s performance during the extended trading period was prompted by a strategic equity initiative undertaken by CUEN.

    World Health Energy Holdings, Inc. (WHEN), an OTC Pink-listed company specializing in telecommunications and cybersecurity, has made a significant announcement regarding a binding letter of intent. The majority shareholder of WHEN Group has initiated discussions with Cuentas, a key move that could reshape the landscape of both companies.

    This groundbreaking development centers around a proposed share exchange transaction. However, its execution is contingent upon several key factors: Nasdaq approval, consent from shareholders, and the fulfillment of specific conditions. Once finalized, this transaction will result in WHEN Group transforming into a majority-owned subsidiary under Cuentas’ umbrella.

    The transition holds great promise, particularly in the realm of cybersecurity. Cuentas intends to seamlessly integrate WHEN Group’s state-of-the-art cybersecurity solutions into the Cuentas Mobile Platform. Furthermore, WHEN Group’s advanced solutions are set to become available to Cuentas’ partners in the FinTech sector, a move that could potentially redefine industry standards.

    WHEN Group’s recent acquisition of CrossMobile, a licensed telecom operator in Poland, marks a strategic pivot towards telecommunications. This move places WHEN Group among the select few licensed telecom operators within the European Union. The synergy between WHEN Group’s expanding telecommunications ventures and Cuentas’ mobile financial services sector is evident, offering a tantalizing prospect of mutually beneficial collaboration.

    As part of this exchange, the principal shareholder of WHEN Group, UCG, Inc., will trade its 75% stake for common shares of CUEN, equivalent to 50% of Cuentas’ total issued and outstanding capital, under a fully diluted basis at the time of issuance. Following the transaction’s completion, WHEN Group will emerge as a majority-owned subsidiary of Cuentas, indirectly held through UCG’s holdings.

    In anticipation of this change, the leadership of WHEN Group is committed to devising a comprehensive business plan, delineating financial sources and utilization, and nurturing the growth of WHEN Group’s operations, including the seamless integration of WHEN Group and Cuentas’ product offerings.

  • 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.

  • Why Did Cuentas (CUEN) Stock Surge In Premarket Session?

    Cuentas Inc. (CUEN) has rose 4.34% at $6.49 in the premarket session on the last check today. CUEN stock gained 123.74% to reach $ 6.22 in the last trading session. CUEN stock ranged between $ 5.80 and $ 9.25 in the last trading session.

    A total of 208.96 million shares of CUEN stock changed hands, compared to its daily average of 0.17M shares over 100 trading days. Within the last five days, shares of CUEN have risen 184.02%, while in the last month they have risen 174.01%.  CUEN stock has been on the rise after doubling its value in previous sessions.

    How did CUEN more than double its value?

    A FinTech service provider with a mission to provide solutions to the unbanked and underbanked Hispanic and Latino community, Ceuntas provides e-banking solutions and e-commerce services. CUEN offers a variety of services, including mobile banking, online banking, mobile deposits, prepaid debit, ACH, and a cash remittance program. It also provides peer to peer money transfers and bank accounts to clients who were unable to acquire bank accounts previously.

    The world’s first shared WiFi network, WaveMax Corporation, was selected by TelcoDR as part of their showcase of the most innovative mobile technology during Mobile World Congress in Barcelona.

    • As part of its collaboration with Cuentas (CUEN), WaveMAX will show off the world’s first WiFi6-5G shared network coming soon to New York.
    • Using WaveMax’s SharedFi technology, small cells and WiFi access points can be shared.
    • If the user opts in to be impacted by location-based advertising, he/she gains access to this shared network.
    • WaveMAX advertiser dashboards are used to customize ads so that they are targeted to the right audience, at the right time, and in the right place.
    • CUEN has signed a contract to roll out SharedFi at 170 test sites in the New York City-Tristate area.
    • CUEN plans to install 1,000 new “Bodega Stores” in a 50/50 joint venture with WaveMAX if the 6 month test is successful.
    • In addition to the automatic connection to WiFi6, customers will receive special offers inside the Bodega store to enhance their shopping experience.
    • Customers will also receive product discounts via the Cuentas Mobile App and promotional offers for the Cuentas GPR card.

    CUEN’s other agreements:

    Cuentas (CUEN) recently signed a Marketing Agreement with SDI Black 011 (SDI), one of the larger prepaid telecommunications companies, to incorporate multiple products for sale. CUEN will integrate Cuentas Prepaid Mastercard, Cuentas Mobile App and digital wallet into its electronic portal, while SDI will be able to expand the SDI distribution network through CUEN. CUEN will deposit $200,000 in escrow to jump start the SDI network expansion, initially in New York, New Jersey, Connecticut tri-state area to sign up 1,000 new targeted prime locations in the United States.

  • 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.