DeFi Technologies Shares Hit 52-Week Low Amid Analyst Downgrades

DeFi Technologies is navigating a period of significant market pressure, with its shares plunging to a new 52-week low of $1.64 this Thursday. This represents a sharp 7.7% decline, driven primarily by a recent analyst downgrade and persistent investor concerns following the company’s latest earnings release. Despite reporting some operational successes, the company is struggling to win over a skeptical Wall Street.

The foundation for the current downturn was laid by the quarterly report released on August 14th. The figures revealed a substantial revenue miss; DeFi Technologies posted revenues of just $13.42 million, falling a dramatic 68% short of the analyst consensus estimate of $42.08 million. While the company’s earnings per share of $0.05 were Read more...