Taglich Brothers Weighs in on Tingo Group, Inc.’s Q2 2023 Earnings (NASDAQ:TIO)

Tingo Group, Inc. (NASDAQ:TIO – Get Rating) – Research analysts at Taglich Brothers boosted their Q2 2023 earnings per share estimates for shares of Tingo Group in a research note issued on Wednesday, May 17th. Taglich Brothers analyst H. Halpern now forecasts that the company will post earnings of $0.39 per share for the quarter, up from their previous estimate of $0.31. The consensus estimate for Tingo Group’s current full-year earnings is $1.83 per share. Taglich Brothers also issued estimates for Tingo Group’s Q3 2023 earnings at $0.49 EPS, FY2023 earnings at $1.83 EPS and Q4 2024 earnings at $1.59 EPS.

Separately, TheStreet raised shares of Tingo Group from a “d” rating to a “c-” rating in a report on Friday, April 21st.

Tingo Group Trading Up 14.7 %

NASDAQ:TIO opened at $5.32 on Monday. Tingo Group has a one year low of $0.54 and a one year high of $5.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.00 and a current ratio of 2.06. The stock has a 50-day simple moving average of $1.90.

Tingo Group Company Profile

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Tingo Group, Inc operates through its subsidiaries, focused on the growth and development of its financial technology offerings. The firm uses its proprietary trading technology platforms to serve a range of growth sectors in the fintech space, including online brokerage for equities trading, online investment and wealth management services, sales of insurance products, and trading in certain commodities.