iClick Interactive Asia Group Limited (ICLK) Stock: Why It’s Headed Up

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iClick Interactive Asia Group Limited (ICLK) is making a move up in the market in today’s trading session. The stock, one that is focused on the tech space, is presently priced at $3.24 after heading up 5.54% so far today. When it comes to technology stocks, there are quite a few aspects that have the potential to lead to price movement in the market. News is one of the most common reasons for movement. Here are the recent stories associated with ICLK:

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Oct-04-19 09:00AM iClick Interactive Asia Group Limited Partial Buyback of Convertible Notes
Sep-17-19 09:00AM iClick Intends to Invest in Sydney-based MTHL to Further Strengthen and Expand the Geographical Footprint of its Enterprise Solutions
Aug-26-19 07:54AM iClick Interactive Asia Reports Q2 Earnings, Lowers Guidance
07:00AM iClick Interactive Asia Group Limited Reports 2019 Second-Quarter Unaudited Financial Results
Aug-13-19 08:00AM iClick Interactive to Report Second Quarter 2019 Financial Results on August 26, 2019

Nonetheless, any time investors are making a decision with regard to investing, investors should take a look at far more than just news, especially in the ever changing technology sector. Here’s what’s happing when it comes to iClick Interactive Asia Group Limited.

The Performance That We’ve Seen From ICLK

Although a gain in a single session, like what we’re seeing from iClick Interactive Asia Group Limited might make some investors jump for joy, a single session move by itself shouldn’t be the basis of a decision to, or not to, invest in a stock. It’s generally a good idea to look at trends experienced by the stock for a period longer than a single trading session. When it comes to ICLK, here are the returns that investors have experienced:

  • Past 5 Sessions – Over the last seven days, ICLK has produced a change in value in the amount of 8.36%.
  • Past Month – The monthly ROI from iClick Interactive Asia Group Limited works out to 6.58%.
  • Past Three Months – In the last quarter, the stock has produced a ROI of -11.23%
  • Past Six Months – Over the last six months, we have seen a performance that works out to -15.18% from the company.
  • This Year So Far – Since the the last trading session of last year ICLK has produced a return of -3.86%.
  • Annually – Lastly, throughout the past year, we have seen movement that works out to -6.09% out of ICLK. Throughout this period, the stock has sold at a high price of -45.08% and a low price of 19.12%.

Ratios Worth Paying Attention To

Looking at various ratios having to do with a stock generally gives prospective traders an understanding of just how dangerous and/or potentially profitable a pick might be. Below are a few of the important ratios to consider when digging into ICLK.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the level of short interest. As the short ratio goes higher, it shows that more investors are expecting that the value of the stock is headed for declines. Across the sector, strong technology stocks can have a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the sector. Nonetheless, when it comes to iClick Interactive Asia Group Limited, the stock’s short ratio amounts to 0.62.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure If a company is able to pay for its debts when they mature based on quick assets or current assets. Because in tech, many companies are reliant on the continuation of support from investors as they work to bring new technologies to market, the current and quick ratios can look upsetting. Nonetheless, several better companies in the technology space do have great quick and current ratios. In terms of ICLK, the quick and current ratios come to 1.30 and 1.30 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets owned by the company. In this case, that ratio equates to 0.93.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. As it relates to ICLK, the cash to share value ratio works out to 0.74.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ICLK, here’s what we’re seeing:

Institutions own 0.40% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 1.48% percent of ICLK shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What Analysts Say About iClick Interactive Asia Group Limited

Although it’s not a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a good idea to use their opinions when validating your own before making investment decisions in the tech space. Here are the most recent moves that we’ve seen from analysts as it relates to ICLK.

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Jun-19-18 Initiated The Benchmark Company Buy $14
Feb-01-18 Initiated ROTH Capital Buy $10

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.50. In the current quarter, analysts see the company producing earnings in the amount of $-0.03. Over the last 5 years, ICLK has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 44.90% and revenue has seen movement of 15.50%.

What You Need To Know About Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 57.03M shares of iClick Interactive Asia Group Limited outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ICLK has a float of 3.75M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ICLK, the short percent of the float is 1.23%.

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