In the last trading session, 1.35 million shares of the Agora Inc ADR (NASDAQ:API) were traded, and its beta was 0.13. Most recently the company’s share price was $4.39, and it changed around $0.2 or 4.77% from the last close, which brings the market valuation of the company to $320.16M. API currently trades at a discount to its 52-week high of $6.43, offering almost -46.47% off that amount. The share price’s 52-week low was $1.65, which indicates that the current value has risen by an impressive 62.41% since then. We note from Agora Inc ADR’s average daily trading volume that its 10-day average is 2.38 million shares, with the 3-month average coming to 2.22 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 2 analysts rate the stock as a Sell; another 0 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.
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Agora Inc ADR (NASDAQ:API) trade information
Instantly API has showed a green trend with a performance of 4.77% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.22 on recent trading dayincreased the stock’s daily price by 15.9%. The company’s shares are currently up 66.92% year-to-date, but still down -17.94% over the last five days. On the other hand, Agora Inc ADR (NASDAQ:API) is 61.99% up in the 30-day period. We can see from the shorts that 1.3 million shares have been sold at a short interest cover period of 0.27 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 41.93% 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 50.34 percent over the past six months and at a 76.14% annual growth rate that is well above the industry average of 19.60%.
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 December.
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.
