Agora Inc. (NASDAQ:API) traded at $2.67 at last check on Tuesday, November 22, made a downward move of -20.30% on its previous day’s price.
Looking at the stock we see that its previous close was $3.35 and the beta (5Y monthly) reads 0.13 with the day’s price range being $3.23 – $3.45. In terms of its 52-week price range, API has a high of $23.00 and a low of $2.53. The company’s stock has gained about 6.01% over that past 30 days.
Agora Inc. has a market cap of $415.57 million and is expected to release its quarterly earnings report on Feb 20, 2023 – Feb 24, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.21, with the EPS growth for the year raised at -$0.84 for 2022 and -$0.59 for next year. These figures represent -27.30% and 29.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $42.8 million, with a low of $40.27 million and a high of $46.24 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $166.27 million, or -1.00% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the API stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 7 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Agora Inc. (API) stock as a Hold, while 4 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -14.29% off its SMA20 and -21.93% from its 50-day simple moving average. The RSI (14) is pointing at 41.19 while the volatility over the past week is 11.75% and jumps to 10.63% over the past one month. The average price target for the stock over the next 12 months is $6.59, with the estimates having a low of $3.80 and a high of $10.00. These price ends are -42.32% and -274.53% off the today’s price level respectively, although investors could be excited at the prospect of a -124.72% if the API share price touches on the median price of $6.00.
Let’s briefly compare Agora Inc. (API) stock to its peers. We find that today’s price change of -20.30% and -85.24% over the past 12 months for API. Another of its peers Twilio Inc. (TWLO) has dropped -0.52% today, and was -83.90% down over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.72% and 0.82%, respectively, in early deals.
Coming back to Agora Inc. (NASDAQ:API), we note that the average 3-month trading volume was 746.80K, while that of the preceding 10-day period stands at 0.7 million. Current shares outstanding are 111.65 million.
The insiders hold 0.14% of the company’s shares while institutions hold 48.30%. The data shows that short shares as of Oct 13, 2022, stood at 2.72 million at a short ratio of 4.6. This represents a 2.34% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 4.58 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -79.33% down in year-to-date price movement.