In the last trading session, 3.22 million shares of the Agora Inc ADR (NASDAQ:API) were traded, and its beta was -0.09. Most recently the company’s share price was $4.07, and it changed around -$0.64 or -13.59% from the last close, which brings the market valuation of the company to $296.83M. API currently trades at a discount to its 52-week high of $6.43, offering almost -57.99% off that amount. The share price’s 52-week low was $1.65, which indicates that the current value has risen by an impressive 59.46% since then. We note from Agora Inc ADR’s average daily trading volume that its 10-day average is 9.47 million shares, with the 3-month average coming to 1.57 million.
Agora Inc ADR stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended API as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Agora Inc ADR is expected to report earnings per share of -0.04 for the current quarter.
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Agora Inc ADR (NASDAQ:API) trade information
Instantly API has showed a red trend with a performance of -13.59% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.43 on recent trading dayincreased the stock’s daily price by 36.7%. The company’s shares are currently up 54.75% year-to-date, but still up 68.88% over the last five days. On the other hand, Agora Inc ADR (NASDAQ:API) is 114.21% up in the 30-day period. We can see from the shorts that 1.32 million shares have been sold at a short interest cover period of 8.63 day(s).
The consensus price target as assigned by Wall Street analysts is $7.56, which translates to bulls needing to increase their stock price by 46.16% from its current value. Analyst projections state that API is forecast to be at a low of $2.63 and a high of $12.5.
Agora Inc ADR (API) estimates and forecasts
Agora Inc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 62.80 percent over the past six months and at a 76.14% annual growth rate that is well above the industry average of 18.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 82.60% in revenue this quarter, and will report a decrease of -100.00% in the next quarter. The year-over-year growth rate is expected to be -1.00%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 40M in revenue for the current quarter. 1 analysts expect Agora Inc ADR to make 37M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 35.02M and 36.04M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.20%. Forecasts for the next quarter put sales growth at 2.70%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -15.81%.
API Dividends
Agora Inc ADR’s next quarterly earnings report is expected to be released in November.
ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC, with 2.9562% or 2.75 million shares worth $5.83 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
