Is Agape ATP Corp (NASDAQ: ATPC) Stock Good For Medium-Term Investing?

Agape ATP Corp (NASDAQ:ATPC) traded at $0.11 at close of the session on current trade day and made a downward move of -5.98% on its previous day’s price.

Looking at the stock we see that its previous close was $0.12 and the beta (5Y monthly) reads 0.499 with the day’s price range being $0.1121 – $0.124. In terms of its 52-week price range, ATPC has a high of $18.00 and a low of $0.08. The company’s stock has lost about -42.39% over that past 30 days.

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Agape ATP Corp has a market cap of $8.83 million.

On the other hand, looking at the outlook for the ATPC stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Looking further, we note the current price level is -20.35% off its SMA20 and -40.28% from its 50-day simple moving average. The RSI (14) is pointing at 40.87 while the volatility over the past week is 7.10% and jumps to 31.65% over the past one month.

Coming back to Agape ATP Corp (NASDAQ:ATPC), we note that the average 3-month trading volume was 8.78 million, while that of the preceding 10-day period stands at 20.43 million. Current shares outstanding are 77.10 million.

The insiders hold 25.48% of the company’s shares while institutions hold 0.20%. The data shows that short shares as of 2024-07-31, stood at 0.67 million at a short ratio of 0.04. This represents a 118.00 short interest in shares outstanding on 2024-07-31. Shares short rose in July from the previous month at 63624.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -82.05% down in year-to-date price movement.

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