AGM Group Holdings Inc (AGMH) Looks Ready for Growth Despite -96.78% Change This Year

AGM Group Holdings Inc (NASDAQ: AGMH) is -96.78% lower on its value in year-to-date trading and has touched a low of $0.02 and a high of $2.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AGMH stock was last observed hovering at around $0.04 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $0.05, the stock is 21.67% and -75.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 338.53 million and changing 24.62% at the moment leaves the stock -95.44% off its SMA200. AGMH registered -95.50% loss for a year compared to 6-month loss of -97.36%. The firm has a 50-day simple moving average (SMA 50) of $0.19858 and a 200-day simple moving average (SMA200) of $1.064895.

The stock witnessed a -35.20% gain in the last 1 month and extending the period to 3 months gives it a -96.43%, and is 64.75% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 32.65% over the week and 23.71% over the month.

Profit margin for the company is -63.97%. Distance from 52-week low is 122.94% and -97.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-889.56%).

AGM Group Holdings Inc (AGMH) Top Institutional Holders

6.0 institutions hold shares in AGM Group Holdings Inc (AGMH), with institutional investors hold 0.91% of the company’s shares. The shares outstanding are 24.25M, and float is at 17.15M with Short Float at 4.88%. Institutions hold 0.75% of the Float.

The top institutional shareholder in the company is UBS GROUP AG with over 0.28 million shares valued at $0.16 million. The investor’s holdings represent 1.1692% of the AGMH Shares outstanding. As of 2024-06-30, the second largest holder is CITADEL ADVISORS LLC with 0.25 million shares valued at $0.14 million to account for 1.0294 of the shares outstanding. The other top investors are TWO SIGMA SECURITIES, LLC which holds 61293.0 shares representing 0.2527% and valued at over $34692.0, while RENAISSANCE TECHNOLOGIES LLC holds 0.0635 of the shares totaling 15400.0 with a market value of $8716.0.