Agora Inc. [NASDAQ: API] traded at a low on 04/27/21, posting a -6.75 loss after which it closed the day’ session at $55.36. The company report on March 25, 2021 that Agora Debuts Program to Help Startups Accelerate Time-to-Market and Create Engaging Experiences for Customers.
Startup Program to provide founders from across the globe with exclusive support and access to select accelerators, incubators and venture capital firms.
Agora, Inc. (NASDAQ: API), a pioneer and leading platform for real-time engagement APIs, announced the debut of the Agora Startup Program to empower global entrepreneurs and startup founders with exclusive backend support for real-time engagement (RTE) and direct access to benefits like top accelerators, incubators and venture capital firms. Tethered by partnerships with the Global Accelerator Network (GAN), Blume Ventures, Techstars Toronto Accelerator and more, the program will help startup founders get the critical resources and connections they need to accelerate growth and bring the next-generation of RTE applications and platforms to market.
The results of the trading session contributed to over 1077330 shares changing hands. Over the past one week, the price volatility of Agora Inc. stands at 7.74% while the volatility over the past one month is 7.22%.
The market cap for API stock reached $6.20 billion, with 41.16 million shares outstanding and 17.50 million shares in the current float. Compared to the average trading volume of 1.58M shares, API reached a trading volume of 1077330 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Agora Inc. [API]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for API shares is $72.03 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on API stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Nomura have made an estimate for Agora Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 13, 2021. While these analysts kept the previous recommendation, Macquarie raised their target price to Outperform. The new note on the price target was released on March 23, 2021, representing the official price target for Agora Inc. stock.
The Average True Range (ATR) for Agora Inc. is set at 4.04, with the Price to Sales ratio for API stock in the period of the last 12 months amounting to 46.44. The Price to Book ratio for the last quarter was 3.47, with the Price to Cash per share for the same quarter was set at 5.67.
How has API stock performed recently?
Agora Inc. [API] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.95. With this latest performance, API shares gained by 7.70% in over the last four-week period, additionally plugging by 31.34% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for API stock in for the last two-week period is set at 46.66, with the RSI for the last a single of trading hit 45.84, and the three-weeks RSI is set at 47.04 for Agora Inc. [API]. The present Moving Average for the last 50 days of trading for this stock 61.49, while it was recorded at 57.85 for the last single week of trading, and 50.47 for the last 200 days.
Agora Inc. [API]: Deeper insight into the fundamentals
Agora Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 18.50 and a Current Ratio set at 18.50.
Earnings analysis for Agora Inc. [API]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for API. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Agora Inc. go to 26.70%.
Insider trade positions for Agora Inc. [API]
62 institutional holders increased their position in Agora Inc. [NASDAQ:API] by around 30,323,488 shares. Additionally, 41 investors decreased positions by around 3,648,877 shares, while 8 investors held positions by with 9,112,197 shares. The mentioned changes placed institutional holdings at 43,084,562 shares, according to the latest SEC report filing. API stock had 36 new institutional investments in for a total of 26,546,573 shares, while 27 institutional investors sold positions of 2,524,742 shares during the same period.