Agora Inc. Shares Are Down -35.55% Since The Beginning Of The Year – Marketing Sentinel
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Agora Inc. Shares Are Down -35.55% Since The Beginning Of The Year

Agora Inc. (NASDAQ:API) has seen 0.95 million shares traded in the recent trading session. The company, currently valued at $3.11B, closed the recent trade at $26.30 per share which meant it lost -$0.77 on the day or -2.86% during that session. The API stock price is -337.11% off its 52-week high price of $114.96 and 7.68% above the 52-week low of $24.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.67 million shares traded. The 3-month trading volume is 1.15 million shares.

The consensus among analysts is that Agora Inc. (API) is a Buy stock at the moment, with a recommendation rating of 1.90. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.1.

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Agora Inc. (NASDAQ:API) trade information

Sporting -2.86% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Monday, 10/18/21 when the API stock price touched $26.30 or saw a rise of 9.31%. Year-to-date, Agora Inc. shares have moved -31.57%, while the 5-day performance has seen it change -2.31%. Over the past 30 days, the shares of Agora Inc. (NASDAQ:API) have changed -7.58%. Short interest in the company has seen 8.5 million shares shorted with days to cover at 5.27.

Wall Street analysts have a consensus price target for the stock at $35.42, which means that the shares’ value could jump 25.75% from the levels at last check today. The projected low price target is $33.00 while the price target rests at a high of $40.00. In that case, then, we find that the latest price level in today’s session is -52.09% off the targeted high while a plunge would see the stock gain -25.48% from the levels at last check today.

Agora Inc. (API) estimates and forecasts

Figures show that Agora Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -50.15% over the past 6 months, with this year growth rate of 80.79%, compared to 10.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -900.00% and -800.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 21.60%.

2 analysts offering their estimates for the company have set an average revenue estimate of $39.52 million for the current quarter. 2 have an estimated revenue figure of $40.04 million for the next quarter concluding in Dec 2021. Year-ago sales stood $30.85 million and $33.25 million respectively for this quarter and the next, and analysts expect sales will grow by 28.10% for the current quarter and 20.40% for the next.

API Dividends

Agora Inc. is expected to release its next earnings report on February 22 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Agora Inc. (NASDAQ:API)’s Major holders

Insiders own 0.00% of the company shares, while shares held by institutions stand at 49.65% with a share float percentage of 49.65%. Investors are also buoyed by the number of investors in a company, with Agora Inc. having a total of 138 institutions that hold shares in the company. The top two institutional holders are Coatue Management, LLC with over 9.56 million shares worth more than $480.71 million. As of Mar 30, 2021, Coatue Management, LLC held 9.88% of shares outstanding.

The other major institutional holder is SIG China Investments Master Fund III, LLLP, with the holding of over 7.69 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $386.63 million and represent 7.94% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and ARK ETF Tr-ARK Next Generation Internet ETF. As of Mar 30, 2021, the former fund manager holds about 1.35% shares in the company for having 1.3 million shares of worth $65.6 million while later fund manager owns 1.12 million shares of worth $54.27 million as of Apr 29, 2021, which makes it owner of about 1.15% of company’s outstanding stock.

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