Agora Inc ADR (NASDAQ: API) is -32.21% lower on its value in year-to-date trading and has touched a low of $1.65 and a high of $6.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The API stock was last observed hovering at around $2.99 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $2.82, the stock is -25.54% and -43.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -5.69% at the moment leaves the stock -25.54% off its SMA200. API registered 18.99% gain for a year compared to 6-month gain of -3.75%. The firm has a 50-day simple moving average (SMA 50) of $4.9642 and a 200-day simple moving average (SMA200) of $3.787375.
The stock witnessed a -46.29% loss in the last 1 month and extending the period to 3 months gives it a -29.50%, and is -6.00% 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 8.71% over the week and 7.59% over the month.
Agora Inc ADR (API) has around 608 employees, a market worth around $205.94M and $133.26M in sales. Fwd P/E is 27.12. Profit margin for the company is -32.06%. Distance from 52-week low is 70.55% and -59.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.88%).
The EPS is expected to grow by 111.59% this year, but quarterly earnings will post 5.00% year-over-year.
86.0 institutions hold shares in Agora Inc ADR (API), with institutional investors hold 58.92% of the company’s shares. The shares outstanding are 74.29M, and float is at 70.87M with Short Float at 1.48%. Institutions hold 57.60% of the Float.
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
Still, SEC filings show that on Nov 29 ’24, Morningside China TMT Top Up F (Director) Proposed Sale 5,096,103 shares at an average price of $5.49 for $28.0 million. The insider now directly holds shares of Agora Inc ADR (API).
