The trading price of AGBA Group Holding Limited (NASDAQ:AGBA) floating lower at last check on current market day and closing at $1.95, -7.14% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $1.89 and $2.1. In examining the 52-week price action we see that the stock hit a 52-week high of $4.29 and a 52-week low of $0.32. Over the past month, the stock has lost -8.02% in value.
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AGBA Group Holding Limited, whose market valuation is $159.53 million at the time of this writing, is expected to release its quarterly earnings report in October. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest AGBA has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that AGBA’s price is currently -14.51% off the SMA20 and -14.35% off the SMA50. The RSI metric on the 14-day chart is currently showing 36.44, and weekly volatility stands at 7.53%. When measured over the past 30 days, the indicator reaches 10.05%. AGBA Group Holding Limited (NASDAQ:AGBA)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.21.
To see how AGBA Group Holding Limited stock has been performing today in comparison to its peers in the industry, here are the numbers: AGBA stock’s performance was -7.14% at last check in today’s session, and 171.97% in the past year.
An evaluation of the daily trading volume of AGBA Group Holding Limited (NASDAQ:AGBA) indicates that the 3-month average is 454.65K. However, this figure has increased over the past 10 days to an average of 0.3.
Currently, records show that 81.81 million of the company’s shares remain outstanding. The insiders hold 8.75% of outstanding shares, whereas institutions hold 0.29%. The stats also highlight that short interest as of 2024-08-30, stood at 0.87 million shares, resulting in a short ratio of 2.24 at that time. From this, we can conclude that short interest is 117.00 of the company’s total outstanding shares. It is noteworthy that short shares in August were up slightly from the previous month’s figure, which was 0.82 million. However, since the stock’s price has seen 301.65% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
