iClick Interactive Asia Group Limited (ICLK) Tumbled 18.7% Today. Why Do We Care?

iClick Interactive Asia Group Limited (NASDAQ:ICLK) is a big mover this session as the company shares are trading 18.7% or 0.69 points lower from last closing price of $3.69, reaching $3 at last check. So what’s going on with ICLK shares anyway? The price has dropped in 3 of the last 5 days and is down -9.51% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 37,614 shares, and in total 79114 shares valued at $237342 were seen changing hands compared with 41500 shares valued at $153135 recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the ICLK stock.

iClick Interactive Asia Group Limited (ICLK) shares have notched a 3-month decline of about -9.51%, but has still advanced 4.45% year to date. By comparison, the stock sank -42.76% over the past 12 months, while it slipped -4.35% over the 1 month. The company’s market cap is around $212.15M, with its short interest ratio standing at 4.24%.

In the current trading session for ICLK, the stock witnessed two major price actions, it rose to a high of $3.54 and was down as much as $2.92 at one point. The high recorded is very low when compared to their 52-week high which is $2.72. The 52-week high is now at -53.77 distance from current price. Their recent low of $6.49 represents a 10.29% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for ICLK is $8.5, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.

The stock of iClick Interactive Asia Group Limited earned $-0.63 per share in the trailing 12 months and has a P/E ratio of -4.76. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 85.19 and lower compared to the sector’s average of 18.76. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. ICLK also has P/S multiple of 1.13. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.18x.

ICLK‘s last price was down -24.43% as compared to the average trading price of 50 days recorded at $3.97 while enlarging the period to 200 trading days, the average closing price was $3.69. At present, there are 60.27 million in the total number of common shares owned by the public and among those 8.53 million shares have been available to trade. The percentage of shares being held by the company management was 1.48% while institutions stake was 0.4%. The company has generated negative returns on equity over the last 12 months (-29%). It managed to keep its gross profit margin at 24.4% over the past 12 months.

When assessing the full upside of the ICLK stock, there is another set of technicals that should be looked into and considered. Its -16.93% decline from moving average of $3.61 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.