While Agora Inc ADR has underperformed by -1.54%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, API rose by 59.79%, with highs and lows ranging from $6.43 to $1.65, whereas the simple moving average jumped by 69.04% in the last 200 days.
On August 20, 2024, BofA Securities Downgraded Agora Inc ADR (NASDAQ: API) to Neutral. A report published by Morgan Stanley on September 28, 2023, Downgraded its rating to ‘Equal-Weight’ for API. Nomura also Upgraded API shares as ‘Buy’, setting a target price of $10 on the company’s shares in a report dated May 16, 2022. Bernstein Initiated an Outperform rating on May 05, 2022, and assigned a price target of $10. Morgan Stanley May 03, 2022d its ‘Equal-Weight’ rating to ‘Overweight’ for API, as published in its report on May 03, 2022. JP Morgan’s report from February 18, 2022 suggests a price prediction of $11 for API shares, giving the stock a ‘Neutral’ rating. JP Morgan also rated the stock as ‘Overweight’.
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Analysis of Agora Inc ADR (API)
Further, the quarter-over-quarter increase in sales is 0.50%, showing a positive trend in the upcoming months.
Agora Inc ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -7.19% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 8.29, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and API has an average volume of 2.28M. On a monthly basis, the volatility of the stock is set at 13.40%, whereas on a weekly basis, it is put at 10.13%, with a gain of 2.28% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.10, showing decline from the present price of $4.49, which can serve as yet another indication of whether API is worth investing in or should be passed over.
How Do You Analyze Agora Inc ADR Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.74%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 35.93% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
API shares are owned by institutional investors to the tune of 35.93% at present.
