Agora Inc ADR (NASDAQ: API) is 69.12% higher 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 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 $3.7 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $3.67, the stock is -3.04% and 2.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -0.81% at the moment leaves the stock -11.15% off its SMA200. API registered -11.78% loss for a year compared to 6-month loss of -12.62%. The firm has a 50-day simple moving average (SMA 50) of $3.5968 and a 200-day simple moving average (SMA200) of $4.130625.
The stock witnessed a -0.81% gain in the last 1 month and extending the period to 3 months gives it a -8.93%, and is -3.93% 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 3.73% over the week and 3.86% over the month.
Agora Inc ADR (API) has around 608 employees, a market worth around $273.30M and $133.50M in sales. Fwd P/E is 22.51. Profit margin for the company is -24.61%. Distance from 52-week low is 121.95% and -47.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.20%).
The EPS is expected to grow by 109.20% this year
92.0 institutions hold shares in Agora Inc ADR (API), with institutional investors hold 60.02% of the company’s shares. The shares outstanding are 74.47M, and float is at 71.66M with Short Float at 1.18%. Institutions hold 58.73% 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.
