In last trading session, Agora Inc ADR (NASDAQ:API) saw 7.56 million shares changing hands with its beta currently measuring 0.26. Company’s recent per share price level of $6.35 trading at $1.61 or 33.97% at ring of the bell on the day assigns it a market valuation of $463.74M. That closing price of API’s stock is at a discount of -1.26% from its 52-week high price of $6.43 and is indicating a premium of 74.02% from its 52-week low price of $1.65. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.86 million shares which gives us an average trading volume of 2.35 million if we extend that period to 3-months.
For Agora Inc ADR (API), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.
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Agora Inc ADR (NASDAQ:API) trade information
Upright in the green during last session for gaining 33.97%, in the last five days API remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $6.35 price level, adding 2.16% to its value on the day. Agora Inc ADR’s shares saw a change of 141.44% in year-to-date performance and have moved 44.98% in past 5-day. Agora Inc ADR (NASDAQ:API) showed a performance of 115.99% in past 30-days. Number of shares sold short was 1.3 million shares which calculate 0.27 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7.56 to the stock, which implies a rise of 16.06% to its current value. Analysts have been projecting 2.63 as a low price target for the stock while placing it at a high target of 12.5. It follows that stock’s current price would jump 58.58% in reaching the projected high whereas dropping to the targeted low would mean a gain of 58.58% for stock’s current value.
Agora Inc ADR (API) estimates and forecasts
Statistics highlight that Agora Inc ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 156.05% of value to its shares in past 6 months, showing an annual growth rate of 76.14% while that of industry is 18.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.49% from the last financial year’s standing.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -15.81% during past 5 years.
Agora Inc ADR (NASDAQ:API)’s Major holders
SUSQUEHANNA INTERNATIONAL GROUP, LLP is the top institutional holder at API for having 8.19 million shares of worth $17.36 million. And as of 2024-06-30, it was holding 8.8017 of the company’s outstanding shares.
The second largest institutional holder is ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC, which was holding about 2.75 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.9562 of outstanding shares, having a total worth of $5.83 million.
On the other hand, Allspring Emerging Markets Equity Fund and DFA Emerging Markets Core Equity Portfolio are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 1.22 shares of worth $7.78 million or 1.70% of the total outstanding shares. The later fund manager was in possession of 92.8 shares on Jul 31, 2024 , making its stake of worth around $0.59 million in the company or a holder of 0.13% of company’s stock.
