In the latest trading session, 50.29 million Agora Inc ADR (NASDAQ:API) shares changed hands as the company’s beta touched 0.01. With the company’s most recent per share price at $5.53 changing hands around $2.78 or 101.09% at last look, the market valuation stands at $403.30M. API’s last price was a premium, traded about 39.42% off its 52-week high of $3.35. The share price had its 52-week low at $1.65, which suggests the last value was 70.16% up since then. When we look at Agora Inc ADR’s average trading volume, we note the 10-day average is 0.3 million shares, with the 3-month average coming to 161.00K.
Analysts gave the Agora Inc ADR (API) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended API as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Agora Inc ADR’s EPS for the current quarter is expected to be -0.04.
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Agora Inc ADR (NASDAQ:API) trade information
Instantly API is in green as seen in intraday trades today. With action 156.02%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 110.27%, with the 5-day performance at 156.02% in the green. However, in the 30-day time frame, Agora Inc ADR (NASDAQ:API) is 200.54% up. Looking at the short shares, we see there were 1.32 million shares sold at short interest cover period of 8.63 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.56, meaning bulls need an upside of 26.85% from its recent market value. According to analyst projections, API’s forecast low is 2.63 with 12.5 as the target high. To hit the forecast high, the stock’s price needs a -126.04% plunge from its current level, while the stock would need to tank 52.44% for it to hit the projected low.
Agora Inc ADR (API) estimates and forecasts
Data shows that the Agora Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 113.51% over the past 6 months, a 76.14% in annual growth rate that is considerably higher than the industry average of 18.30%. Year-over-year growth is forecast to reach -1.00% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 40M. 1 analysts are of the opinion that Agora Inc ADR’s revenue for the current quarter will be 37M. The company’s revenue for the corresponding quarters a year ago was 35.02M and 36.04M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14.20%. The estimates for the next quarter sales put growth at 2.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -15.81%. The 2024 estimates are for Agora Inc ADR earnings to increase by 76.08%.
API Dividends
Agora Inc ADR is expected to release its next quarterly earnings report on 2024-Nov-19.
Agora Inc ADR (NASDAQ:API)’s Major holders
ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC holds the second largest percentage of outstanding shares, with 2.9562% or 2.75 million shares worth $5.83 million as of 2024-06-30.
