Agora Inc ADR (NASDAQ: API) Is Currently -30.16 Percent Below Its 52-Week High, But It Still Offers Strong Upside Potential.

Agora Inc ADR (NASDAQ:API)’s traded shares stood at 2.08 million during the latest session, with the company’s beta value hitting -0.18. At the last check today, the stock’s price was $4.94, to imply a decrease of -0.23% or -$0.01 in intraday trading. The API share’s 52-week high remains $6.43, putting it -30.16% down since that peak but still an impressive 66.6% since price per share fell to its 52-week low of $1.65. The company has a valuation of $360.19M, with an average of 9.08 million shares in intraday trading volume over the past 10 days and average of 1.53 million shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for Agora Inc ADR (API), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give API a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy.

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Agora Inc ADR (NASDAQ:API) trade information

After registering a -0.23% downside in the latest session, Agora Inc ADR (API) has traded red over the past five days. The 5-day price performance for the stock is 104.93%, and 158.58% over 30 days. With these gigs, the year-to-date price performance is 87.79%. Short interest in Agora Inc ADR (NASDAQ:API) saw shorts transact 1.32 million shares and set a 8.63 days time to cover.

The extremes give us $2.63 and $12.5 for target low and target high price respectively. As such, API has been trading -153.04% off suggested target high and 46.76% from its likely low.

Agora Inc ADR (API) estimates and forecasts

Looking at statistics comparing Agora Inc ADR share performance against respective industry, we note that the company has outperformed competitors. Agora Inc ADR (API) shares are 93.68% up over the last 6 months, with its year-to-date growth rate higher than industry average at 76.14% against 18.10%.

API Dividends

Agora Inc ADR has its next earnings report out on 2024-Nov-19. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

The next major institution holding the largest number of shares is ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC with 2.75 million shares, or about 2.9562% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.83 million.

We also have Allspring Emerging Markets Equity Fund and DFA Emerging Markets Core Equity Portfolio as the top two Mutual Funds with the largest holdings of the Agora Inc ADR (API) shares. Going by data provided on Jul 31, 2024, Allspring Emerging Markets Equity Fund holds roughly 1.22 shares. This is just over 1.70% of the total shares, with a market valuation of $6.05 million. Data from the same date shows that the other fund manager holds a little less at 88.39, or 0.12% of the shares, all valued at about 0.44 million.