Engulfing Line (Bullish)
|Bid||1.1700 x 1400|
|Ask||1.1800 x 1400|
|Day's Range||1.1301 - 1.3400|
|52 Week Range||0.5430 - 5.6900|
|Beta (5Y Monthly)||1.36|
|PE Ratio (TTM)||29.50|
|Earnings Date||Aug 21, 2023 - Aug 25, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.75|
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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
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.
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
Daqo New Energy, Canadian Solar, and Tingo Group top the list of tech stocks based on best value, fastest growth, and most momentum, respectively.
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
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.
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".
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
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’
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
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”)
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
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
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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
Daqo New Energy, Rumble, and Tingo Group lead the pack for value, growth, and momentum, respectively.
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
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
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
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
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
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
Tingo Group ( NASDAQ:TIO ) Full Year 2022 Results Key Financial Results Revenue: US$146.0m (up 162% from FY 2021). Net...
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