Is Agora Inc ADR (NASDAQ: API) a Risk-Worthy Bet for Bold Investors?

IPW

In the last trading session, 0.35 million Agora Inc ADR (NASDAQ:API) shares changed hands as the company’s beta touched 0.35. With the company’s per share price at $4.36 changed hands at $0.02 or 0.46% during last session, the market valuation stood at $321.33M. API’s last price was a discount, traded about -52.29% off its 52-week high of $6.64. The share price had its 52-week low at $1.65, which suggests the last value was 62.16% up since then. When we look at Agora Inc ADR’s average trading volume, we note the 10-day average is 1.66 million shares, with the 3-month average coming to 3.04 million.

Analysts gave the Agora Inc ADR (API) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended API as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Agora Inc ADR’s EPS for the current quarter is expected to be 0.

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Agora Inc ADR (NASDAQ:API) trade information

Instantly API was in green as seen at the end of in last trading. With action -2.87%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 67.30%, with the 5-day performance at -2.87% in the red. However, in the 30-day time frame, Agora Inc ADR (NASDAQ:API) is -2.00% down. Looking at the short shares, we see there were 1.3 million shares sold at short interest cover period of 0.27 days.

The consensus price target for the stock as assigned by Wall Street analysts is 2.63, meaning bulls need a downside of -65.78% from its current market value. According to analyst projections, API’s forecast low is 2.63 with 2.63 as the target high. To hit the forecast high, the stock’s price needs a 39.68% surge from its current level, while the stock would need to tank 39.68% for it to hit the projected low.

Agora Inc ADR (API) estimates and forecasts

Data shows that the Agora Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 98.20% over the past 6 months, a 76.14% in annual growth rate that is considerably higher than the industry average of 16.10%. Year-over-year growth is forecast to reach -1.49% down from the last financial year.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -15.81%. The 2024 estimates are for Agora Inc ADR earnings to increase by 68.80%.

API Dividends

Agora Inc ADR is expected to release its next quarterly earnings report in January.

ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC holds the second largest percentage of outstanding shares, with 2.9562% or 2.75 million shares worth $5.83 million as of 2024-06-30.