TIO - Tingo Group, Inc.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
-0.1600 (-11.94%)
At close: 04:00PM EDT
1.1900 +0.01 (+0.85%)
After hours: 07:59PM EDT
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Engulfing Line (Bullish)

Engulfing Line (Bullish)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
Previous Close1.3400
Bid1.1700 x 1400
Ask1.1800 x 1400
Day's Range1.1301 - 1.3400
52 Week Range0.5430 - 5.6900
Avg. Volume6,412,631
Market Cap193.564M
Beta (5Y Monthly)1.36
PE Ratio (TTM)29.50
EPS (TTM)0.0400
Earnings DateAug 21, 2023 - Aug 25, 2023
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est11.75
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
32% Est. Return

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  • GlobeNewswire

    Stockholder Approval Received for All Proposals at Tingo Group Special Meeting

    MONTVALE, N.J., June 09, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech and agri-fintech company, today announced the results of the proxy vote associated with the Company’s Special Meeting of its Stockholders. The stockholders approved all three of the resolutions presented in the Definitive Proxy Statement, as sent to the Company’s shareholders on May 1, 2023, including the approval of the issuance of 26,042,808 shares

  • Reuters

    Tingo hires law firm to conduct independent review after Hindenburg's claims

    The New Jersey-based holding company, which operates in Africa, Southeast Asia and the Middle East, halved in value on Tuesday after the short-seller called it an "exceptionally obvious scam" and criticized founder Dozy Mmobuosi's claims of having developed "the first mobile payment app in Nigeria". "Prior to today's appointment of White & Case LLP, the Company had commenced its own review to confirm, among other things, the number of farmers on Tingo Mobile and the Nwassa platform, the relationships with its contracted cooperatives, the relationship with the All Farmers Association of Nigeria,and the Company's cash balances," Tingo said. The company is Hindenburg's fourth target this year, after Indian conglomerate Adani Group, Jack Dorsey-led Block Inc and Carl Icahn's flagship Icahn Enterprises.

  • GlobeNewswire

    Tingo Group Engages Independent Counsel to Conduct Review of Assertions Made in Short-Seller Report

    MONTVALE, N.J., June 08, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech and agri-fintech company, today announced that it has engaged White & Case LLP, a leading international law firm, to conduct an independent review reporting to its independent directors concerning allegations contained in a report published by short seller Hindenburg Research (“Hindenburg”) on June 6, 2023. Prior to today’s appointment of White & Cas

  • Investopedia

    Top Tech Stocks for June 2023

    Daqo New Energy, Canadian Solar, and Tingo Group top the list of tech stocks based on best value, fastest growth, and most momentum, respectively.

  • GlobeNewswire

    Tingo Group Refutes Malicious and Misleading Allegations in Hindenburg Research Report

    MONTVALE, N.J., June 06, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech and agri-fintech company, categorically refutes all the allegations and misinformation outlined in a report published by Hindenburg Research earlier today. The report, which contains numerous errors of fact, together with misleading and libellous content, appears to be a deliberate attempt to undermine the positive work that Tingo Group is undertakin

  • Financial Times

    Shares in fintech Tingo slump after Hindenburg takes short position

    Shares in Tingo Group more than halved on Tuesday after short seller Hindenburg Research said it had placed a bet against the Nasdaq-listed fintech group whose chief executive made a bid for Sheffield United football club. The New York-based short seller is run by Nathan Anderson and in January alleged fraud and stock price manipulation at India’s Adani group, triggering a sell-off in the group’s listed entities. On Tuesday, Hindenburg claimed that Tingo had lied about some of its partnerships and products, did not hold the mobile licence it required to operate parts of its business and said it found no evidence that the group owned a food-processing facility nor that it had started to build one.

  • Reuters

    Fintech firm Tingo's shares slump as short-seller Hindenburg takes aim

    Hindenburg also said Tingo was an "exceptionally obvious scam" and called out founder Dozy Mmobuosi's claims of having developed "the first mobile payment app in Nigeria". "We contacted the app's actual creator, who called Dozy's claims 'a pure lie'," Hindenburg said. Tingo categorically refuted all the allegations of the report, saying it was full of "misleading and libellous content".

  • GlobeNewswire

    Tingo Group Special Meeting of Stockholders to be Held on June 7, 2023, with Q&A Session

    Special Meeting of Tingo Group Stockholders to be Held Virtually via Webcast on June 7, 2023 at 9:00 A.M. Eastern Time Stockholders Invited to Submit Questions in Advance via Email MONTVALE, N.J., June 05, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) will hold a Special Meeting of Stockholders (the “Special Meeting”) to be held virtually via live webcast on June 7, 2023, beginning at 9:00 A.M. Eastern Time. Stockholders are invited to submit questions to th

  • GlobeNewswire

    Tingo Mobile Advances Loan Facility to All Farmers Association of Nigeria to Finance Cultivation of 3,000 Hectares of New Farming Land for Rice and Wheat Production

    Loan Facility of 3 Billion Naira (Approximately USD $6.5 Million Dollars) Enables Additional Production of More Than 6,000 Metric Tons of Wheat Per Annum and 16,000 Metric Tons of Rice Per Annum Financing Additionally to Accelerate Onboarding of AFAN Warehouses to Tingo Mobile Partnership with Prime Commodity Exchange and AFAN First of Many Planned Financing and Production Deals with AFAN, Representing an Important Extension of Key Relationship Part of Strategy to Significantly Increase Nigeria’

  • GlobeNewswire

    Tingo Group, Inc.’s Legal Counsel to Investigate Financial Institution Accused of Falsely Marketing an Equity Fundraise and Examine Unusual Stock Price Volatility

    MONTVALE, N.J., June 01, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it has become aware of credible evidence that a New York based financial institution (the “NY Financial Institution”) has been soliciting investors with an offer of the Company’s securities with the pretence of a fund raise, which was in direct contravention of the Company’s explicit wishes. For the avoidance of all doubt, the Company is not planning any placement, of

  • GlobeNewswire

    Tingo DMCC Commences Delivery of Significant Pipeline of Export Orders, Completing First $348 Million of Sales

    More than $1 billion of Additional Orders in Progress and Expected to Complete by Q3 2023 Major Milestone Towards Dollarizing Tingo Group’s Net Income by Year End Recently Signed Partnership with PCX and AFAN Already Delivering Multi-Billion Dollars Per Annum of Agricultural Produce Tingo Foods also Set to Become Additional Significant Source of Food and Beverage Product for Global Export MONTVALE, N.J., May 30, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”)

  • GlobeNewswire

    Tingo Mobile Awarded A1 Credit Rating Together with Positive Rating Outlook from Globally Recognized Credit Rating Agency, DataPro

    Joins Prestigious Group of 18 Other Corporates and Banks Awarded an Investment Grade Long-Term Credit Rating of A or Above Following Completion of Detailed Assessment and Review Process, Tingo Mobile Classified as “Low Risk” with “Very Good Financial Strength” MONTVALE, N.J., May 24, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that its wholly owned subsidiary, Tingo Mobile Limited (“Tingo Mobile”) has been awarded a Short-Term Credit Rating

  • GlobeNewswire

    Tingo Group Set to Join Russell 3000® Index

    MONTVALE, N.J., May 22, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo Group” or the “Company”) announced today that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2023 FTSE Russell indexes annual reconstitution process, which is effective after the U.S. markets close on June 23, 2023 according to a preliminary list of additions announced on May 19, 2023. The annual reconstitution process for the Russell indexes captures the 4,000 largest U.S. s

  • Simply Wall St.

    Need To Know: One Analyst Is Much More Bullish On Tingo Group, Inc. (NASDAQ:TIO) Revenues

    Shareholders in Tingo Group, Inc. ( NASDAQ:TIO ) may be thrilled to learn that the covering analyst has just delivered...

  • Simply Wall St.

    Investors Will Want Tingo Group's (NASDAQ:TIO) Growth In ROCE To Persist

    Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...

  • GlobeNewswire

    Tingo Group, Inc. Reports First Quarter 2023 Financial Results

    Net Revenues for the First Quarter 2023 amounted to $851.2 Million, an increase of 8,801% Compared to Q1 2022 Operating Profit for the First Quarter Increased to $260.7 Million Acquisition of Tingo Foods on February 9, 2023, added $577 Million in revenue to Further Accelerate Growth in Group Revenues and Earnings Management to Host Conference Call Today at 8:00 a.m. Eastern Time MONTVALE, N.J., May 15, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) today anno

  • Investopedia

    Top Tech Stocks for May 2023

    Daqo New Energy, Rumble, and Tingo Group lead the pack for value, growth, and momentum, respectively.

  • GlobeNewswire

    Tingo Group to Host First Quarter 2023 Results Conference Call on Monday May 15, 2023 at 8:00 a.m. Eastern Time

    MONTVALE, N.J., May 05, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it will hold a conference call on Monday May 15, 2023 at 8:00 a.m. Eastern Time to present its results for the first quarter ended March 31, 2023 and provide an update on the Company and its group of businesses. A press release detailing the results will be issued prior to the call. The conference call will be hosted by Tingo Group CEO, Darren Mercer, Tingo Mobile and

  • GlobeNewswire

    Tingo Group Announces Filing of Audited FY2022 Financial Statements and Pro Forma Financial Information for Recently Acquired Tingo Foods

    Tingo Foods Commenced Operations in September 2022, and in the Four Months Ended December 31, 2022 Generated Revenues of $466.2 Million Gross Profit for the Four Month Period Amounted to $196.4 Million, Equating to a Gross Margin of 42.1% Cash at Bank at December 31, 2022 Amounted to $54.8 Million, and Inventories of $201.1 Million Following Acquisition of Tingo Foods on February 9, 2023, Tingo Group Aims to Revolutionize Africa’s Food Processing Industry Growth Plans Include Commitment to Devel

  • GlobeNewswire

    Tingo Mobile Signs Exclusive Agreement with Prime Commodity Exchange (PCX) and All Farmers Association of Nigeria (AFAN), Securing Considerable Produce Supply, Nationwide Warehousing Facilities and Enhanced Commodity Trading Opportunities

    Strategic Partnership Uniquely Positions Tingo to Monetize Nigeria’s Crop Ecosystem Across its Population of 213 Million and the Global Export Market Tingo Mobile partners with PCX and AFAN (the “Partnership”), in the exclusive use of AFAN’s existing network of warehouses across Nigeria for a minimum term of 30 yearsTingo Mobile to have right of first refusal to purchase or trade all produce stored in the AFAN warehouses, which it intends to use primarily to serve the Tingo Foods food processing

  • GlobeNewswire

    Tingo Group to Present at the 19th Annual Taglich Brothers Investment Conference

    MONTVALE, N.J., April 24, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it will present at the 19th Annual Taglich Brothers Investment Conference being held at the Union League Club in New York City on May 1 - 2, 2023. Tingo Group Chief Executive Officer Darren Mercer will deliver the Company’s presentation on May 1 at 11:00 am ET in the Lincoln Room immediately followed by a Q&A breakout session. The presentation can be viewed live and

  • GlobeNewswire

    Tingo Group Regains Compliance with Nasdaq Minimum Bid Price Rule

    MONTVALE, N.J., April 13, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it has received a Bid Price Compliance Letter from The Nasdaq Stock Market LLC ("Nasdaq") informing Tingo that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. As announced on Monday, April 10, 2023, Tingo was previously notified by Nasdaq that it was not in comp

  • GlobeNewswire

    Tingo Group, Inc. Provides Corporate Update to Stockholders

    MONTVALE, N.J., April 10, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) today announces its receipt of a Notification Letter from Nasdaq that its stock has been under a minimum bid price of $1.00 for a period of 30 days, based upon the closing bid price during the period from February 14, 2023, to March 28, 2023. The Company has been given 180 calendar days to regain its compliance and achieve a closing bid price of at least $1.00 per share for a minimum of

  • Simply Wall St.

    Tingo Group Full Year 2022 Earnings: US$0.36 loss per share (vs US$0.32 loss in FY 2021)

    Tingo Group ( NASDAQ:TIO ) Full Year 2022 Results Key Financial Results Revenue: US$146.0m (up 162% from FY 2021). Net...

  • GlobeNewswire

    Fintech and Agri-Fintech Company, Tingo Group, Inc., Reports Full Year 2022 Financial Results

    Acquisition of 100% of Tingo Mobile Completed on November 30, 2022, making the Company significantly profitable from December 1, 2022 Company’s Integration with Tingo Mobile saw a Significant Acceleration in Growth of the Combined Group During Q4 2022, with the Signing of Major New Trade Partnerships, International Expansion and Launch of Several Significant New Products and Businesses Acquisition of Tingo Foods Plc Completed on February 7, 2023 Name Change to Tingo Group, Inc. Reflects Importan