Currenc Group (CURR) stock fell hard on Tuesday, as the company’s shares retreated from a massive rally yesterday. That rally occurred after the financial technology company reached a settlement in a lawsuit with D. Boral Capital, a promissory note holder of the company.
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Under the terms of this settlement, Currenc has agreed to pay $5.5 million to D. Boral Capital. It won’t do so all at once, and will instead spread the payments out as follows:
- $200,000 by July 7, 2025
- $300,000 by July 31, 2025
- $500,000 by August 31, 2025
- $3,000,000 by September 30, 2025
- $1,500,000 by November 30, 2025
Recent Currenc Stock Movement
CURR stock was down 26.63% as of Tuesday morning, following a 91.35% rally yesterday. Investors will also note the stock was up 10.56% year-to-date, but is still down 82.93% over the past 12 months. This recent volatility came with heavy trading, as some 33.21 million shares traded yesterday, compared to a three-month daily average of about 6.94 million units.
Is Currenc Stock a Buy, Sell, or Hold?
Turning to Wall Street, coverage of Currenc is thin. Thankfully, TipRanks’ AI analyst Spark has it covered. Spark rates CURR stock an Underperform (40) with a $1 price target, suggesting a possible 49.75% downside for the shares. It cites “financial instability and poor valuation metrics” as the primary reasons for this stance.
