Are Analysts Expecting A Better 2020 For Agora Inc ADR (API)?

Agora Inc ADR (API) concluded trading on Thursday at a closing price of $3.23, with 2.18 million shares of worth about $7.04 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.20% during that period and on October 10, 2024 the price saw a gain of about 3.86%. Currently the company’s common shares owned by public are about 73.16M shares, out of which, 70.67M shares are available for trading.

Stock saw a price change of -34.75% in past 5 days and over the past one month there was a price change of 63.96%. Year-to-date (YTD), API shares are showing a performance of 22.81% which increased to 18.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.65 but also hit the highest price of $6.43 during that period. The average intraday trading volume for Agora Inc ADR shares is 1.68 million. The stock is currently trading 13.72% above its 20-day simple moving average (SMA20), while that difference is up 34.28% for SMA50 and it goes to 27.40% higher than SMA200.

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Agora Inc ADR (NASDAQ: API) currently have 73.16M outstanding shares and institutions hold larger chunk of about 38.20% of that.

The stock has a current market capitalization of $235.56M and its 3Y-monthly beta is at 0.02. It has posted earnings per share of -$0.46 in the same period. It has Quick Ratio of 8.29 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for API, volatility over the week remained 15.85% while standing at 11.20% over the month.

Stock’s fiscal year EPS is expected to rise by 76.08% while it is estimated to increase by 96.45% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on August 20, 2024 offering a Neutral rating for the stock and assigned a target price range of between $4 and $2.63 to it. Coverage by Morgan Stanley stated Agora Inc ADR (API) stock as an Equal-weight in their note to investors on September 28, 2023, suggesting a price target of $3.20 for the stock. On May 16, 2022, Nomura Upgrade their recommendations, while on May 05, 2022, Bernstein Initiated their ratings for the stock with a price target of $10. Stock get an Overweight rating from Morgan Stanley on May 03, 2022.

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