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Stock impact report

AGBA Group Holding (NASDAQ:AGBA) pulls back 21% this week, but still delivers shareholders fantastic 351% return over 1 year [Yahoo! Finance]

AGBA Group Holding Limited (AGBA) 
Company Research Source: Yahoo! Finance
It's been a soft week for AGBA Group Holding Limited NASDAQ:AGBA ) shares, which are down 21%. But that cannot eclipse the spectacular share price rise we've seen over the last twelve months. Few could complain about the impressive 351% rise, throughout the period. So we wouldn't blame sellers for taking some profits. While winners often keep winning, it can pay to be cautious after a strong rise. In light of the stock dropping 21% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive one-year return. Because AGBA Group Holding made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. Some companies are willing to postpone profitability to grow revenue faster, but in that case one would hope for good top-line growth to m Show less Read more
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