Agora Inc ADR (NASDAQ: API) is 66.92% higher on its value in year-to-date trading and has touched a low of $1.65 and a high of $6.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The API stock was last observed hovering at around $4.19 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $4.39, the stock is 28.55% and 45.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 4.77% at the moment leaves the stock 67.47% off its SMA200. API registered 39.81% gain for a year compared to 6-month loss of 50.34%. The firm has a 50-day simple moving average (SMA 50) of $3.0075 and a 200-day simple moving average (SMA200) of $2.621375.
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The stock witnessed a 61.99% gain in the last 1 month and extending the period to 3 months gives it a 87.61%, and is -17.94% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.68% over the week and 12.56% over the month.
Agora Inc ADR (API) has around 1311 employees, a market worth around $320.16M and $138.29M in sales. Profit margin for the company is -31.69%. Distance from 52-week low is 165.50% and -31.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.19%).
The EPS is expected to grow by 76.08% this year.
Agora Inc ADR (API) Top Institutional Holders
The shares outstanding are 73.16M, and float is at 70.93M with Short Float at 1.84%.
The top institutional shareholder in the company is SUSQUEHANNA INTERNATIONAL GROUP, LLP with over 8.19 million shares valued at $17.36 million. The investor’s holdings represent 8.8017% of the API Shares outstanding. As of 2024-06-30, the second largest holder is ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC with 2.75 million shares valued at $5.83 million to account for 2.9562 of the shares outstanding. The other top investors are NEUMANN ADVISORY HONG KONG LTD which holds 2.17 million shares representing 2.335% and valued at over $4.61 million, while HARBER ASSET MANAGEMENT LLC holds 2.1682 of the shares totaling 2.02 million with a market value of $4.28 million.
Agora Inc ADR (API) Insider Activity
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Still, SEC filings show that on Aug 10 ’24, Hale Roger (Officer) Proposed Sale 16,666 shares at an average price of $2.50 for $41665.0. The insider now directly holds shares of Agora Inc ADR (API).
