Shares of TraQiQ Inc. (OTCMKTS:TRIQ) have been trending lower over the past month with a fall of 30%.
Trading Data
On Tuesday, TRIQ stock ended flat at $0.50 with more than 6 shares traded, compared to its average volume of 5.6k shares. The stock has moved within a range of $0.5000 – 0.5000 after opening trading at $0.50.
TraQiQ Focused on Launching Multiple Products in 2022
One of the leading providers of solutions for the Gig economy, TraQiQ, Inc. (OTCMKTS:TRIQ) is all set to expand its cloud-based product portfolio, along with numerous service offerings in the year 2022. The company is focused on “targeting” digital customers, enabling “transactions”, and facilitating “last mile delivery” and related tasks.
TraQiQ acquired Kringle in Q1 – the suite monitors customer behavior and transactions via AI models, to generate recommendations and personalized content. Kringle Crowd was launched in 2021, which helps brands to develop communities. Adding gamification has given a huge boost to the level of engagement. Spin-to-Win was also launched for TraQiQ’s clients to create a fully customizable program for their users to win rewards, points, cashback, vouchers, tokens, or products.
TraQPayments was launched in 2021, which combines an entire suite of products to enable back-end payment processing along with a versatile front-end digital wallet. TraQiQ offers end-to-end payment solutions for enterprise customers and payment providers. The Settlement engine is used for allowing cross border transactions with multiple currencies and vendors.
Major features were added to both the TraQSuite product and the Mimo service. The latter is a task and delivery service that runs on the TraQSuite product. It supports the last mile delivery segment with logistics offerings for inter-city deliveries. The TraQSuite is a distribution platform that allows users to setup task-based networks rapidly.
Lathika Regunathan, President of Mimo, is hopeful that the steady growth of their network across India will continue in this manner.
Technical Data
TRIQ stock is trading below the 50-Day and 100-Day Moving averages of $0.7320 and $0.7769 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.14.
