Is There More Upside Ahead For iClick Interactive Asia Group Limited (NASDAQ: ICLK)


    After grabbing 2.3 million shares, the institutional investor is now in possession of 2.3 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 3.58% having worth around $16.68 million. Moreover, Renaissance Technologies LLC increased its share by 0.84 million to have a control over 1.1 million shares. And Arrowstreet Capital LP raised its holdings to 0.44 million shares by acquiring 0.44 million shares or 0.69% of the stake.

    iClick Interactive Asia Group Limited (ICLK) concluded trading on 08/26/20 at a closing price of $9.91, with 1.83 million shares of worth about $18.16 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 9.99% during that period and on Wednesday the price saw a gain of about 0.41%. Currently the company’s common shares owned by public are about 73.76M shares, out of which, 21.16M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the ICLK stock and their offered price forecasts bring an average price target of $11.18. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.00 and could fall to a lowest price of $10.00. Analysts also issued an outlook of 1.70 for the iClick Interactive Asia Group Limited stock for next 12 months. The stock’s current price level is -10.97% below of average price target set by the analysts, while a dip to estimated low would result in gain of 0.9 for the stock. However, touching the estimated high of $13.00 would mean a gain of 23.77% for the stock.

    Vifag 2002, SICAV, Fidelity Nasdaq Composite Index F, and Counterpoint Tactical Equity Fund are the top 3 mutual funds which are holding stakes in iClick Interactive Asia Group Limited Vifag 2002, SICAV is currently holding 49941.0 shares of worth totaling $0.36 million. The company recently came buying 193.0 shares which brought its stake up to 0.08% of the company’s outstanding shares. Fidelity Nasdaq Composite Index F bought 3299.0 shares, after which its hold over company’s outstanding shares expand to 0.04%, leaving 23395.0 shares with the mutual fund that have a worth of about $0.17 million. Counterpoint Tactical Equity Fund, after buying 6099.0 shares, have now control over 0.01% of the stake in the company. It holds 6099.0 shares of worth $44279.0.

    iClick Interactive Asia Group Limited (NASDAQ: ICLK) started trading at $9.85, below -$0.02 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $9.91, or with a gain of 0.41%. Stock saw a price change of 9.99% in past 5 days and over the past one month there was a price change of 61.14%. Year-to-date (YTD), ICLK shares are showing a performance of 207.76% which increased to 213.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.80 but also hit the highest price of $10.13 during that period. While comparing its average daily trading volume of 1.06 million shares, we see that about 1.83 million changed hands on the day. The stock is currently trading 20.38% above its 20-day simple moving average (SMA20), while that difference is up 49.92% for SMA50 and it goes to 108.11% higher than SMA200.

    Baillie Gifford & Co. acquired 2.3 million shares of iClick Interactive Asia Group Limited having value of about $16.68 million. iClick Interactive Asia Group Limited (NASDAQ: ICLK) currently have 73.76M outstanding shares and institutions hold larger chunk of about 9.20% of that. Holding of mutual funds in the company is about 0.13% while other institutional holders and individual stake holders have control over 8.19% and — of the stake respectively.

    The stock has a current market capitalization of $897.45M. It has posted earnings per share of -$0.24 in the same period. It has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ICLK, volatility over the week remained 6.77% while standing at 7.40% over the month.

    Analysts are in expectations that iClick Interactive Asia Group Limited (ICLK) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter ESPS is $0.02 and it is $0.23 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 72.60% while it is estimated to increase by 712.00% in next year.

    Analysts at 4 brokerage firms have issued recommendations for the iClick Interactive Asia Group Limited (ICLK)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 4 Wall Street analysts, 4 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Alliance Global Partners on January 27, 2020 offering a Buy rating for the stock and assigned a target price of $8.50 to it. Coverage by Jefferies stated iClick Interactive Asia Group Limited (ICLK) stock as a Buy in their note to investors on December 05, 2019, suggesting a price target of for the stock. On June 19, 2018, The Benchmark Company Initiated their recommendations, while on February 01, 2018, ROTH Capital Initiated their ratings for the stock with a price target of $10.


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