iClick Interactive Asia Group Ltd (ICLK)

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Why iClick Interactive Asia Group Limited (ICLK) Stock Suddenly Spiked Today
By Samuel Moore - February 19, 2020


Big changes are happening at iClick Interactive Asia Group Limited (NASDAQ:ICLK), which makes the stock worth watching today. The company is among the top gainers of the stock market today, skyrocketing 5.41% or (0.21 points) to $4.09 from its previous close of $3.88. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 272010 contracts so far this session. ICLK shares had a relatively better volume day versus average trading capacity of 190.77 thousand shares, but with a 3.62 million float and a 2.65% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ICLK stock indicates that the average analyst price target is $7.87 per share. This means the stock has a potential increase of 92.42% from where the ICLK share price has been trading recently.

During the recent trading session for iClick Interactive Asia Group Limited (NASDAQ:ICLK), the company witnessed their stock rise $0.37 over a week and surge $0.45 from the price 20 days ago. When compared to their established 52-week high of $5.75, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/25/19. The recent low of $2.73 stood for a -29.24% since 08/15/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.