Roth Capital Estimates CURRENC Group FY2024 Earnings

CURRENC Group Inc. (NASDAQ:CURR) – Investment analysts at Roth Capital issued their FY2024 earnings per share estimates for shares of CURRENC Group in a research report issued on Wednesday, March 5th. Roth Capital analyst C. Irwin forecasts that the company will post earnings per share of ($0.35) for the year. Roth Capital currently has a “Strong-Buy” rating on the stock. Roth Capital also issued estimates for CURRENC Group’s Q4 2024 earnings at ($0.05) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at ($0.15) EPS and FY2026 earnings at ($0.10) EPS.

Separately, Roth Mkm started coverage on CURRENC Group in a research note on Wednesday. They issued a “buy” rating and a $3.50 target price for the company.

CURRENC Group Price Performance

Shares of CURR opened at $2.25 on Friday. The company has a 50-day moving average price of $1.92. CURRENC Group has a one year low of $1.18 and a one year high of $13.59.

Institutional Investors Weigh In On CURRENC Group

An institutional investor recently bought a new position in CURRENC Group stock. Rivernorth Capital Management LLC bought a new stake in shares of CURRENC Group Inc. (NASDAQ:CURR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 61,243 shares of the company’s stock, valued at approximately $153,000. Rivernorth Capital Management LLC owned 0.13% of CURRENC Group at the end of the most recent reporting period. 56.01% of the stock is owned by institutional investors and hedge funds.

About CURRENC Group

Currenc Group, Inc engages in operating a fintech banking platform. It operates through the following segments: Remittance Services, Sales of Airtime, and Other Services. The company is headquartered in Singapore.