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Pareteum Corporation (TEUM) share price plummeted -12.52% with the closing price of $0.63 on Thursday. Pareteum Corporation stock has an exchanging volume of 4.57 million shares, which is high, contrasted with its 3-months average volume of 1.20M shares. Its market capitalization has now reached to $88.15M.
Pareteum Receives Listing Extension from Nasdaq on October 15, 2020 news published at Yahoo.
Pareteum Corporation (TEUM) declared that it has received written notification from the Hearings Panel of The Nasdaq Stock Market LLC stating that the Panel agreed to extend the deadlines by which the Company would be required to cure certain previously disclosed deficiencies under Nasdaq’s continued listing rules.
As previously disclosed, the Company has not yet filed with the SEC its Quarterly Report on Form 10-Q for the period ended September 30, 2019, its amended Annual Report on Form 10-K/A for the year ended December 31, 2018, its Annual Report on Form 10-K for the year ended December 31, 2019 or its Quarterly Reports on Form 10-Q for the periods ended March 31, 2020 and June 30, 2020 (collectively, the “Delinquent Filings”). The Company was unable to timely file the Delinquent Filings due to its previous accounting evaluation and internal investigation into the cause of the accounting errors. Also, as previously disclosed, the Company is not in compliance with the $1.00 per share requirement for continued listing on The Nasdaq Capital Market, as set forth in Listing Rule 5550(a)(2) (the “Bid Price Rule”).
The Panel had previously granted the Company an exception with respect to the Delinquent Filings and the Bid Price Rule noncompliance, so long as it filed certain of the Delinquent Filings on October 15, 2020 and certain of them on October 30, 2020, and that it regained compliance with the Bid Price Rule by December 31, 2020. In the Letter, the Panel extended the Company’s exception, provided that:
-by November 9, 2020, the Company files all Delinquent Filings with the Securities and Exchange Commission; and
-by December 31, 2020, the Company regains compliance with the Bide Price Rule.
TEUM Past Trading Activity
The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, TEUM price has dropped by -24.02%. In the course of past three months sees the stock go down around -18.26%, while it has gain 29.59% over the past six months and 45.21% since the start of the year.
TEUM Earning History
Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Sep 2019), the firm recorded a revenue of 34.15 billion, which was higher than the gauge of 33.13M made by certain experts. For that equivalent quarter, Pareteum Corporation posted $0.03 earnings per share (EPS) which was above the consensus estimate of $0 by $0.03.
TEUM Price Performance
Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Pareteum Corporation has seen its stock exchanging -31.56% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +13.39% above its three-month low. A more extensive look sees TEUM exchanging -46.19% beneath its 52-week high and 117.17% above from its 52-week low price.
TEUM Instability & Beta Factor
The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 11.61%, while it has a month to month instability of 8.84%. The company has an ATR (Average True Range) of 0.06.