AGBA Group Holding Limited (NASDAQ: AGBA)’s stock price has soared by 4.72 in relation to previous closing price of 2.54. Nevertheless, the company has seen a gain of 16.16% in its stock price over the last five trading days. globenewswire.com reported 2024-09-03 that LOS ANGELES, Sept. 03, 2024 (GLOBE NEWSWIRE) — AGBA Group Holding Limited (Nasdaq: AGBA) (“AGBA”), a multi-channel business platform delivering first-class financial services through machine-learning technologies, and Triller Corp. (“Triller”), a next generation, AI-powered, social media and live-streaming event platform, today announced that on August 30, 2024, the parties amended and restated their April 16, 2024 merger agreement (“Merger Agreement”). This amended and restated Merger Agreement supersedes the original merger agreement between AGBA and Triller.
Is It Worth Investing in AGBA Group Holding Limited (NASDAQ: AGBA) Right Now?
The public float for AGBA is 74.64M and currently, short sellers hold a 1.13% ratio of that float. The average trading volume of AGBA on September 04, 2024 was 591.00K shares.
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AGBA’s Market Performance
AGBA’s stock has seen a 16.16% increase for the week, with a 23.15% rise in the past month and a -27.32% fall in the past quarter. The volatility ratio for the week is 16.05%, and the volatility levels for the past 30 days are at 10.43% for AGBA Group Holding Limited The simple moving average for the past 20 days is 18.86% for AGBA’s stock, with a 82.53% simple moving average for the past 200 days.
AGBA Trading at 10.94% from the 50-Day Moving Average
After a stumble in the market that brought AGBA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.00% of loss for the given period.
Volatility was left at 10.43%, however, over the last 30 days, the volatility rate increased by 16.05%, as shares surge +24.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.92% lower at present.
During the last 5 trading sessions, AGBA rose by +16.16%, which changed the moving average for the period of 200-days by +375.00% in comparison to the 20-day moving average, which settled at $2.26. In addition, AGBA Group Holding Limited saw 447.89% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AGBA
Current profitability levels for the company are sitting at:
- -1.09 for the present operating margin
- 0.11 for the gross margin
The net margin for AGBA Group Holding Limited stands at -1.19. The total capital return value is set at -10.56. Equity return is now at value -472.07, with -49.27 for asset returns.
Based on AGBA Group Holding Limited (AGBA), the company’s capital structure generated 1.14 points at debt to capital in total, while cash flow to debt ratio is standing at -0.75. The debt to equity ratio resting at -8.26. The interest coverage ratio of the stock is -37.14.
Currently, EBITDA for the company is -50.35 million with net debt to EBITDA at -0.8. When we switch over and look at the enterprise to sales, we see a ratio of 6.53. The receivables turnover for the company is 1.01for trailing twelve months and the total asset turnover is 0.42.
Conclusion
In conclusion, AGBA Group Holding Limited (AGBA) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
