AGBA Group Holding Limited (NASDAQ: AGBA) -7.87% Decline Turns Investors Off From Company Stock

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AGBA Group Holding Limited (NASDAQ:AGBA) traded at $2.34 at last check on current trade day and made a downward move of -7.87% on its previous day’s price.

Looking at the stock we see that its previous close was $2.54 and the beta (5Y monthly) reads -1.441 with the day’s price range being $2.11 – $2.63. In terms of its 52-week price range, AGBA has a high of $4.29 and a low of $0.32. The company’s stock has gained about 8.33% over that past 30 days.

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AGBA Group Holding Limited has a market cap of $191.44 million and is expected to release its quarterly earnings report in October.

On the other hand, looking at the outlook for the AGBA stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold.

Looking further, we note the current price level is 4.56% off its SMA20 and -2.40% from its 50-day simple moving average. The RSI (14) is pointing at 51.39 while the volatility over the past week is 12.22% and jumps to 9.67% over the past one month.

Coming back to AGBA Group Holding Limited (NASDAQ:AGBA), we note that the average 3-month trading volume was 591.00K, while that of the preceding 10-day period stands at 0.39 million. Current shares outstanding are 81.81 million.

The insiders hold 8.76% of the company’s shares while institutions hold 0.29%. The data shows that short shares as of 2024-08-15, stood at 0.85 million at a short ratio of 2.25. This represents a 113.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 0.83 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 381.98% up in year-to-date price movement.

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