Market's view on Cab Payments

Published on April 2024

  • Stock watchers have noted a transaction identified as a sale, which although not necessarily negative, doesn’t induce excitement.
  • A technology director’s share holding was announced close to market closing.
  • There’s anticipation for attacking new stock price highs, contingent on upcoming news from the USA.
  • The impact of interest rates on stock prices is a topic of speculation.
  • Institutional investors are reported to be consolidating their positions within a specific price range, with expectations of upward movement following the release of the handbrake.
  • The company’s stock is perceived as undervalued based on key metrics, with a small free float that is getting smaller, highlighting a transfer from impatient to patient investors.
  • The company has recently achieved a significant milestone with the issuance of an EU license and recruitment has begun in anticipation of a US license.
  • The stock’s price trend has been positively stable since the beginning of the year.
  • The rebound of the naira is also noted as a point of interest in relation to the company.
  • The company ranks 5th on a leaderboard, which is expected to increase its visibility.
  • Discussions point to misleading market tactics that affect stock price perception, with observations of unusual bid and mid-price relationships.
  • CABP is described as a growth company with high profitability and margins, significantly undervalued compared to peers with similar market fundamentals.
  • There are suggestions that institutional investors are accumulating positions while shorts are trying to close, contributing to double pressure on the stock in the context of a very small free float.
  • There is a consensus that the stock price has been suppressed for an extended period, potentially leading to a parabolic rise.
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