During the last session, Agora Inc ADR (NASDAQ:API)’s traded shares were 2.18 million, with the beta value of the company hitting 0.02. At the end of the trading day, the stock’s price was $3.23, reflecting an intraday gain of 3.86% or $0.12. The 52-week high for the API share is $6.43, that puts it down -99.07 from that peak though still a striking 48.92% gain since the share price plummeted to a 52-week low of $1.65. The company’s market capitalization is $235.56M, and the average intraday trading volume over the past 10 days was 10.38 million shares, and the average trade volume was 1.68 million shares over the past three months.

Agora Inc ADR (API) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. API has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.04.

Agora Inc ADR (NASDAQ:API) trade information

Agora Inc ADR (API) registered a 3.86% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.86% in intraday trading to $3.23, hitting a weekly high. The stock’s 5-day price performance is -34.75%, and it has moved by 63.96% in 30 days. Based on these gigs, the overall price performance for the year is 18.75%. The short interest in Agora Inc ADR (NASDAQ:API) is 1.36 million shares and it means that shorts have 6.48 day(s) to cover.

The consensus price target of analysts on Wall Street is $7.56, which implies an increase of 57.28% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.63 and $12.5 respectively. As a result, API is trading at a discount of -287.0% off the target high and 18.58% off the low.

Agora Inc ADR (API) estimates and forecasts

Statistics show that Agora Inc ADR has outperformed its competitors in share price, compared to the industry in which it operates. Agora Inc ADR (API) shares have gone up 29.20% during the last six months, with a year-to-date growth rate more than the industry average at 76.14% against 18.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 82.60% this quarter and then drop -100.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.00% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 40M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 37M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 35.02M and 36.04M respectively. In this case, analysts expect current quarter sales to grow by 14.20% and then jump by 2.70% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.81%. While earnings are projected to return 76.08% in 2024.

API Dividends

Agora Inc ADR is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

The next largest institutional holding, with 2.75 million shares, is of ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC’s that is approximately 2.9562% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.83 million.