The trading price of Agora Inc ADR (NASDAQ:API) closed higher on Friday, December 06, and closing at $6.16, 0.98% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $5.71 and $6.35. In examining the 52-week price action we see that the stock hit a 52-week high of $6.49 and a 52-week low of $1.65. Over the past month, the stock has gained 98.71% in value.
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Agora Inc ADR, whose market valuation is $449.86 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 139.43M.
On the technical side, indicators suggest API has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned API a recommendation rating is 3. Out of them, 2 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Agora Inc ADR (API) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that API’s price is currently 25.52% off the SMA20 and 59.59% off the SMA50. The RSI metric on the 14-day chart is currently showing 66.55, and weekly volatility stands at 15.41%. When measured over the past 30 days, the indicator reaches 17.15%. Agora Inc ADR (NASDAQ:API)’s beta value is currently sitting at 0.31, while the Average True Range indicator is currently displaying 0.70. With analysts defining $2.63-$2.63 as the low and high price targets, we arrive at a consensus price target of $2.63 for the trailing 12-month period. The current price is about 57.31% off the estimated low and 57.31% off the forecast high, based on this estimate. Investors will be thrilled if API’s share price rises to $2.63, which is the median consensus price. At that level, API’s share price would be 57.31% above current price.
To see how Agora Inc ADR stock has been performing in comparison to its peers in the industry, here are the numbers: API stock’s performance was 0.98% in the latest trading, and 136.92% in the past year.
An evaluation of the daily trading volume of Agora Inc ADR (NASDAQ:API) indicates that the 3-month average is 2.73 million. However, this figure has increased over the past 10 days to an average of 3.09.
Currently, records show that 73.03 million of the company’s shares remain outstanding. The insiders hold 2.74% of outstanding shares, whereas institutions hold 35.88%. The stats also highlight that short interest as of 2024-10-31, stood at 1.3 million shares, resulting in a short ratio of 0.27 at that time. From this, we can conclude that short interest is 252.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 1.36 million. However, since the stock’s price has seen 134.22% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
