iClick Interactive Asia Group Limited [NASDAQ: ICLK] stock went on an upward path that rose over 1.34% on Thursday, amounting to a one-week price decrease of less than -21.14%. The company report on August 25, 2022 that iClick Interactive Asia Group Limited Reports 2022 Second-Quarter Unaudited Financial Results.
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– Enterprise Solutions revenue achieves modest growth despite lockdown measures in China –- Enterprise Solutions revenue contribution hit a historic high of 36% –.
iClick Interactive Asia Group Limited (“iClick” or the “Company”) (Nasdaq: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced unaudited financial results for the second quarter ended June 30, 2022.
Over the last 12 months, ICLK stock dropped by -90.60%. The one-year iClick Interactive Asia Group Limited stock forecast points to a potential upside of 94.5. The average equity rating for ICLK stock is currently 1.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $47.31 million, with 96.23 million shares outstanding and 70.98 million shares in the current float. Compared to the average trading volume of 242.73K shares, ICLK stock reached a trading volume of 3250992 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on iClick Interactive Asia Group Limited [ICLK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ICLK shares is $8.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ICLK stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Alliance Global Partners have made an estimate for iClick Interactive Asia Group Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 24, 2022. While these analysts kept the previous recommendation, China Renaissance raised their target price to Buy. The new note on the price target was released on September 29, 2020, representing the official price target for iClick Interactive Asia Group Limited stock. Previously, the target price had yet another raise to $8.50, while Alliance Global Partners analysts kept a Buy rating on ICLK stock.
The Average True Range (ATR) for iClick Interactive Asia Group Limited is set at 0.06, with the Price to Sales ratio for ICLK stock in the period of the last 12 months amounting to 0.16. The Price to Book ratio for the last quarter was 0.16.
ICLK Stock Performance Analysis:
iClick Interactive Asia Group Limited [ICLK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.14. With this latest performance, ICLK shares dropped by -11.81% in over the last four-week period, additionally sinking by -82.30% over the last 6 months – not to mention a drop of -90.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ICLK stock in for the last two-week period is set at 31.61, with the RSI for the last a single of trading hit 25.34, and the three-weeks RSI is set at 35.18 for iClick Interactive Asia Group Limited [ICLK]. The present Moving Average for the last 50 days of trading for this stock 0.6001, while it was recorded at 0.5056 for the last single week of trading, and 2.3298 for the last 200 days.
Insight into iClick Interactive Asia Group Limited Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and iClick Interactive Asia Group Limited [ICLK] shares currently have an operating margin of -4.19 and a Gross Margin at +28.71. iClick Interactive Asia Group Limited’s Net Margin is presently recorded at -4.43.
Return on Equity for this stock declined to -4.90, with Return on Assets sitting at -2.79.
iClick Interactive Asia Group Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.
iClick Interactive Asia Group Limited [ICLK] Insider Position Details
There are presently around $11 million, or 29.50% of ICLK stock, in the hands of institutional investors. The top three institutional holders of ICLK stocks are: NUVEEN ASSET MANAGEMENT, LLC with ownership of 7,784,841, which is approximately -1.295% of the company’s market cap and around 2.78% of the total institutional ownership; FIL LTD, holding 4,705,458 shares of the stock with an approximate value of $2.2 million in ICLK stocks shares; and TT INTERNATIONAL, currently with $1.48 million in ICLK stock with ownership of nearly 0% of the company’s market capitalization.
Positions in iClick Interactive Asia Group Limited stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 18 institutional holders increased their position in iClick Interactive Asia Group Limited [NASDAQ:ICLK] by around 1,120,028 shares. Additionally, 23 investors decreased positions by around 3,562,888 shares, while 10 investors held positions by with 18,401,683 shares. The mentioned changes placed institutional holdings at 23,084,599 shares, according to the latest SEC report filing. ICLK stock had 6 new institutional investments in for a total of 177,843 shares, while 11 institutional investors sold positions of 964,227 shares during the same period.