THUMZUP MEDIA (NASDAQ:DTCX) Shares Down 9.6% – Should You Sell?

THUMZUP MEDIA Corp (NASDAQ:DTCX)’s stock price traded down 9.6% during mid-day trading on Wednesday . The company traded as low as $1.88 and last traded at $1.88. 279,166 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 267,859 shares. The stock had previously closed at $2.08.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DTCX. Wall Street Zen raised shares of THUMZUP MEDIA from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded THUMZUP MEDIA from a “sell (e)” rating to a “sell (d-)” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

THUMZUP MEDIA Trading Down 3.5%

The stock has a market cap of $82.13 million, a price-to-earnings ratio of -1.85 and a beta of 0.57. The stock has a fifty day simple moving average of $2.03 and a 200-day simple moving average of $2.21.

THUMZUP MEDIA (NASDAQ:DTCX) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $1.91 million for the quarter. THUMZUP MEDIA had a negative net margin of 195.52% and a negative return on equity of 27.02%.

About THUMZUP MEDIA

Thumzup Media Corporation operates as a software as a service provider in the United States. The company develops and builds influencer and gig economy community under the Thumzup mobile application. Its mobile application incentivizes real people to generate and post authentic posts on social media about the advertiser and its products. The company was incorporated in 2020 and is headquartered in Los Angeles, California.