THUMZUP MEDIA (NASDAQ:DTCX) Stock Falls 0.7% – Time to Sell?

THUMZUP MEDIA Corp (NASDAQ:DTCX) shares dropped 0.7% during mid-day trading on Wednesday. The company traded as low as $1.33 and last traded at $1.33. 314,674 shares were traded during trading, an increase of 90% from the average daily volume of 165,632 shares. The stock had previously closed at $1.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered THUMZUP MEDIA from a “sell (d-)” rating to a “sell (e-)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

THUMZUP MEDIA Trading Up 10.3%

The stock’s 50 day moving average is $1.95 and its two-hundred day moving average is $2.05. The stock has a market capitalization of $60.34 million, a price-to-earnings ratio of -1.15 and a beta of 0.68.

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

About THUMZUP MEDIA

Thumzup Media Corporation develops social-media marketing technology designed to help businesses generate authentic user-created content and word-of-mouth promotion. Its platform connects advertisers with social-media users who share posts about participating brands, with the goal of increasing visibility and customer engagement.

The company’s principal product is the Thumzup mobile application and related advertising platform. Businesses can create campaigns and set promotional incentives, while users can discover participating advertisers, post about their products or services on supported social-media networks, and receive compensation for qualifying activity.