TEN Holdings (XHLD) stock underwent a massive rally on Thursday alongside the company’s attendance at a special meeting of public companies. The technology, finance, and real estate company is currently attending the DealFlow Discovery Conference at the Borgata Hotel Casino & Spa in Atlantic City, which started yesterday and will continue today.
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TEN Holdings said it will conduct presentations during the event. The company also noted that it will hold one-on-one meetings with investors and analysts. This could attract new investors to the company, as well as increase its standing among analysts.
With the DealFlow Discovery Conference still underway, retail investors appear interested in TEN Holdings. However, that interest will likely fade once the conference ends. Traders will want to keep that in mind when considering an investment in XHLD stock today.
TEN Holdings Stock Movement Today
TEN Holdings stock was up 68.63% in pre-market trading on Thursday, following a 27.56% fall yesterday. The shares have rallied 116.1% year-to-date but were down 91.9% over the past 12 months.
With today’s news came heavy trading of XHLD stock, as more than 18 million shares changed hands, compared to a three-month daily average trading volume of about 1.4 million units.
Is TEN Holdings Stock a Buy, Sell, or Hold?
Turning to Wall Street, analyst coverage of TEN Holdings stock is limited. Fortunately, TipRanks’ AI analyst Spark has it covered. Spark rates XHLD stock a Neutral (44) with a $3.50 price target. It cites “weak financial performance—large losses, negative cash flows, and balance-sheet risk” as reasons for this stance.
