Value Hunters: Look To Agora Inc. (API)

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Elephas Investment Management Ltd… recently announced the acquisition of new stake in Agora Inc. (NASDAQ:API). This fresh investment now brings its stake to 0.00% valued currently at $0.0. In addition, Spängler IQAM Invest GmbH raised its holdings by 7000.0 to 7000.0 shares.

With over 0.42 million Agora Inc. (API) shares trading Friday and a closing price of $43.54 on the day, the dollar volume was approximately $18.37 million. The shares have shown a positive weekly performance of 1.07% and its price on 07/31/20 gained nearly 5.32%. Currently, there are 106.16M common shares owned by the public and among those 17.50M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for API have a consensus price objective of $54.00. The analysts have set the share’s price value over the next 12 months at a high of $60.00 and a low of $42.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Agora Inc. stock is 2.00 for the next 12 months. The average price target is 27.43% above its last price level and an upside to the estimated low will see the stock lose -3.67% over that period. But an upside of 27.43% will see the stock hit the forecast high price target while mean target price for the stock is $60.00.

The top 3 mutual fund holders in Agora Inc. are American Funds Small Cap World Fu, Columbia Greater China Fund, and USAA Small Cap Stock Fund. American Funds Small Cap World Fu owns 1.48 million shares of the company’s stock, all valued at over $0.0. The company bought an additional 1.48 million shares recently to bring their total holdings to about 0.00% of the shares outstanding. USAA Small Cap Stock Fund bought 478.0 shares to bring its total holdings to over 478.0 shares at a value of $0.0. USAA Small Cap Stock Fund now owns shares totaling to 0.00% of the shares outstanding.

Shares of Agora Inc. (NASDAQ: API) opened at $41.00, down -$0.34 from a prior closing price of $41.34. However, the script later closed the day at $43.54, up 5.32%. It has a 12-month low price of $35.75 and touched a high of $68.45 over the same period. Currently, 0.42 million shares have been traded, compared to an average intraday trading volume of 1.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.37%, -9.23%, and -9.23% respectively.

Institutional ownership of Agora Inc. (NASDAQ: API) shares accounts for 2.40% of the company’s 106.16M shares outstanding. Mutual fund holders own 0.00%, while other institutional holders and individual stakeholders account for 0.00% and — respectively.

It has a market capitalization of $4.62B. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.00% over the week and 10.56% over the month.

Analysts forecast that Agora Inc. (API) will achieve an EPS of -$0.01 for the current quarter, -$0.01 for the next quarter and -$0.02 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -56.10%, and -50.00% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Agora Inc. (API) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the API, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on July 21, 2020, with the firm’s price target at $60. Morgan Stanley coverage for the Agora Inc. (API) stock in a research note released on July 21, 2020 offered a Equal-Weight rating with a price target of $42.

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