Stock News Spotlight: iClick Interactive Asia Group Limited (NASDAQ:ICLK)

iClick Interactive Asia Group Limited (NASDAQ:ICLK) stock identified change of 73.99% away from 52-week low price and recently located move of -13.48% off 52-week high price. It has market worth of $290.08M. ICLK stock has been recorded 19.20% away from 50 day moving average and 35.78% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.48% off 20-day moving average.

On March 17, 2020, iClick Interactive Asia Group Limited (NASDAQ:ICLK) an independent online marketing and enterprise data solutions provider in China, disclosed an update regarding the coronavirus’ impact on its operations, provided 2020 guidance and pre-announced preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2019.

Coronavirus Impact

iClick is closely monitoring the impact of the COVID-19 (coronavirus) outbreak. Our top priority is the health and safety of employees, customers and partners worldwide and we endeavour to support their needs.

Currently, certain industry verticals such as the travel and hospitality sectors of our business have been adversely impacted by the coronavirus. However, some other sectors including e-commerce and online-gaming, have shown resiliency as homebound consumers shift more of their purchasing activities online. Based on the current commercial environment, we anticipate that brands may allocate more of their advertising budgets to mobile and online targeted marketing, with the potential to benefit our mobile and performance-focused Marketing Solutions business. Brands may also see the importance of online and offline consumer behavioural data integration and analysis, which may favour our Enterprise Solutions business in the long run.

The Services sector company, iClick Interactive Asia Group Limited noticed change of 0.64% to $4.75 along volume of 528517 shares in recent session compared to an average volume of 285.36K. The stock observed return of -7.41% in 5 days trading activity. The stock was at 29.08% over one month performance. ICLK’s shares are at 45.71% for the quarter and driving a 11.76% return over the course of the past year and is now at 47.52% since this point in 2018.

The average volatility for the week at 7.68% and for month was at 9.40%. There are 61.07M shares outstanding and 3.62M shares are floated in market.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

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