Agora Inc ADR [NASDAQ: API] traded at a high on Thursday, posting a 10.51 gain after which it closed the day’ session at $6.10.
The results of the trading session contributed to over 2722593 shares changing hands. Over the past one week, the price volatility of Agora Inc ADR stands at 17.21% while the volatility over the past one month is 17.14%.
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The market cap for API stock reached $445.48 million, with 73.03 million shares outstanding and 71.03 million shares in the current float. Compared to the average trading volume of 2.69M shares, API reached a trading volume of 2722593 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 ADR [API]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for API shares is $4.05 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 3.00. 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.
BofA Securities have made an estimate for Agora Inc ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 20, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $4.60 to $3.20. The new note on the price target was released on September 28, 2023, representing the official price target for Agora Inc ADR stock. Previously, the target price had yet another drop from $11 to $10, while Nomura kept a Buy rating on API stock.
The Average True Range (ATR) for Agora Inc ADR is set at 0.71, with the Price to Sales ratio for API stock in the period of the last 12 months amounting to 3.30. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 4.16.
How has API stock performed recently?
Agora Inc ADR [API] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.94. With this latest performance, API shares gained by 86.54% in over the last four-week period, additionally plugging by 139.22% over the last 6 months – not to mention a rise of 128.46% in the past year of trading.
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 66.14, with the RSI for the last a single of trading hit 67.99, and the three-weeks RSI is set at 64.87 for Agora Inc ADR [API]. The present Moving Average for the last 50 days of trading for this stock 3.78, while it was recorded at 5.47 for the last single week of trading, and 2.76 for the last 200 days.
Agora Inc ADR [API]: Deeper insight into the fundamentals
Agora Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.15 and a Current Ratio set at 6.15.
Earnings analysis for Agora Inc ADR [API]
With the latest financial reports released by the company, Agora Inc ADR posted -0.23/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.16. 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.
Insider trade positions for Agora Inc ADR [API]
The top three institutional holders of API stocks are: SUSQUEHANNA INTERNATIONAL GROUP, LLP with ownership of 8.19 million shares, which is approximately 8.8017%. ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC, holding 2.75 million shares of the stock with an approximate value of $$5.83 million in API stocks shares; and ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC, currently with $$4.61 million in API stock with ownership which is approximately 2.335%.
