THUMZUP MEDIA (NASDAQ:DTCX) Shares Down 2.2% – Here’s Why

THUMZUP MEDIA Corp (NASDAQ:DTCX) fell 2.2% during mid-day trading on Wednesday . The stock traded as low as $1.79 and last traded at $1.80. 72,101 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 137,191 shares. The stock had previously closed at $1.84.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of THUMZUP MEDIA from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th.

THUMZUP MEDIA Price Performance

The company has a market cap of $68.42 million, a P/E ratio of -1.61 and a beta of 0.47. The company’s 50-day simple moving average is $2.04.

THUMZUP MEDIA (NASDAQ:DTCX) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $2.18 million during the quarter.

THUMZUP MEDIA Company Profile

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.