Analyst Forecast For Agape ATP Corp (NASDAQ: ATPC)

The trading price of Agape ATP Corp (NASDAQ:ATPC) floating higher at last check on current market day and closing at $0.12, 15.25% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.11 and $0.125. In examining the 52-week price action we see that the stock hit a 52-week high of $18.00 and a 52-week low of $0.08. Over the past month, the stock has gained 33.03% in value.

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Agape ATP Corp, whose market valuation is $8.96 million at the time of this writing, is expected to release its quarterly earnings report in September. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest ATPC has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that ATPC’s price is currently 0.25% off the SMA20 and -28.24% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.34, and weekly volatility stands at 10.08%. When measured over the past 30 days, the indicator reaches 24.36%. Agape ATP Corp (NASDAQ:ATPC)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.02.

To see how Agape ATP Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: ATPC stock’s performance was 15.25% at last check in today’s session, and -88.36% in the past year.

An evaluation of the daily trading volume of Agape ATP Corp (NASDAQ:ATPC) indicates that the 3-month average is 9.16 million. However, this figure has increased over the past 10 days to an average of 2.47.

Currently, records show that 77.10 million of the company’s shares remain outstanding. The insiders hold 25.48% of outstanding shares, whereas institutions hold 0.17%. The stats also highlight that short interest as of 2024-07-31, stood at 0.67 million shares, resulting in a short ratio of 0.04 at that time. From this, we can conclude that short interest is 118.00 of the company’s total outstanding shares. It is noteworthy that short shares in July were up slightly from the previous month’s figure, which was 63624.0. However, since the stock’s price has seen -81.78% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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