Published on 13 Jul 2023 on Zacks via Yahoo Finance
Tingo Group, Inc. (TIO) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Tingo Group, Inc. (TIO) closed at $1.42, marking a +1.8% move from the previous day. This change outpaced the S&P 500's 0.85% gain on the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 5.61%.
Coming into today, shares of the company had gained 26.36% in the past month. In that same time, the Business Services sector gained 2.81%, while the S&P 500 gained 3.18%.
Tingo Group, Inc. will be looking to display strength as it nears its next earnings release. On that day, Tingo Group, Inc. is projected to report earnings of $0.39 per share, which would represent year-over-year growth of 657.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $915 million, up 7550.5% from the year-ago period.