In last trading session, Agora, Inc. (NASDAQ:API) saw 1,927,741 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $35.99 trading at $0.86 or 2.45% at ring of the bell on the day assigns it a market valuation of $3.57 Billion. That closing price of API’s stock is at a discount of -90.19% from its 52-week high price of $68.45 and is indicating a premium of 6.64% from its 52-week low price of $33.6. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.34 Million shares which gives us an average trading volume of 799.93 Million if we extend that period to 3-months.
For Agora, Inc. (API), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.7. Splitting up the data highlights that, out of 7 analysts covering the stock, none rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 5 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.07 in the current quarter.
Agora, Inc. (NASDAQ:API) trade information
Wall Street analysts have assigned a consensus price target of $56.6 to the stock, which implies a rise of 57.27% to its current value. Analysts have been projecting $42 as a low price target for the stock while placing it at a high target of $90.2. It follows that stock’s current price would jump +150.63% in reaching the projected high whereas dropping to the targeted low would mean a loss of 16.7% for stock’s current value.
Agora, Inc. (API) estimates and forecasts
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $31.49 Million for the same. And 2 analysts are in estimates of company making revenue of $35.19 Million in the next quarter that will end in March 01, 2021.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -56.1% while estimates for its earnings growth in next 5 years are of 0%
Agora, Inc. (NASDAQ:API)’s Major holders
Insiders are in possession of 0% of company’s total shares while institution are holding 19.79% percent of that, with stock having share float percentage of 19.79%. Investors also watch the number of corporate investors in a company very closely, which is 97 institutions for Agora, Inc. that are currently holding shares of the company. Dragoneer Investment Group, LLC is the top institutional holder at API for having 2Million shares of worth $85.86 Million. And as of September 29, 2020, it was holding 11.42% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 1.54 Million shares on September 29, 2020. The number of shares represents firm’s hold over 8.8% of outstanding shares, having a total worth of $66.15 Million.
On the other hand, Smallcap World Fund and Blackrock Funds-Technology Oppportunities Port are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 1480000 shares of worth $63.61 Million or 8.46% of the total outstanding shares. The later fund manager was in possession of 530.91 Thousand shares on June 29, 2020, making its stake of worth around $23.45 Million in the company or a holder of 3.03% of company’s stock.