Agora Inc. (NASDAQ: API) was trading at $ 27.12 at the close of Tuesday 8/17/21 trading, made a downward movement of -1.95% from its stock price. day before.
Looking at the stock, we see that its previous close was $ 27.66, with today’s price range being $ 26.03 to $ 27.43. In terms of the 52 week price range, the API has a high of $ 114.96 and a low of $ 24.28. The company’s shares have lost around -21.53% in the past 30 days.
Agora Inc. has a market capitalization of $ 3.20 billion and is expected to release its quarterly earnings report on February 22, 2021. Analysts’ estimates give the company an expected earnings per share (EPS) of $ -0.06 , with increased EPS growth for the year. at $ -0.17 for 2021 and $ -0.1 for next year. These figures represent -666.70% and 41.20% EPS growth for the two years respectively.
Analysts who follow the growth of the company have also attributed it a consensus growth in revenue estimated at $ 43.27 million, with a low of $ 42.2 million and a high of $ 44.57 million. The median projection represents growth plummeting to 27.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates, the company’s annual revenue forecast for 2021 is expected to reach $ 182.65 million, up 36.80 percent from figures released last year.
There has been no upward or downward revision to the stock’s EPS in the past 7 days, reflecting the nature of the company’s price movement in the short term. On the other hand, if we look at the outlook for the API stock, the short-term indicators give the stock an average of 100% sell, while the mid-term indicators give it an average of 100% sell. Long-term indicators place the stock in the 100% Sell category on average.
Based on estimates from 7 analysts, where scores ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 rated Agora Inc. (API) stock as pending, while 6 rating it as a purchase. 0 analyst (s) rate it as overweight while 0 of them rate it as underweight, while 0 suggests the stock as a sell. The stock has an overall Buy rating and investors could take advantage of this and get back shares of the company.
Looking further, we notice that the current price point is -9.88% from its SMA20 and -24.34% from its 50-day simple moving average. The RSI (14) peaks at 32.87 while volatility over the past week is 5.29% and climbs to 7.81% over the past month. The average price target for the stock over the next 12 months is $ 41.41, with estimates having a low of $ 33.00 and a high of $ 68.04. These prices end at -21.68% and -150.88% respectively from the current price level, although investors may be excited about the prospect of a -40.12% if the stock price API hits the median price of $ 38.00.
Coming back to Agora Inc. (NASDAQ: API), note that the 3-month average trading volume was 1.45 million, while the previous 10-day period was 1.44 million. The current shares outstanding are 110.36 million.
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The establishments hold 49.90%. Data shows that as of May 27, 2021, short stocks stood at 8.5 million with a short ratio of 5.27. This represents a 7.34% short interest in shares outstanding on May 27, 2021. Short shares rose in May from the previous month to 5.92 million. Investors should be excited about this stock as it has significant upside potential, with the current price pushing the stock down -31.45% in the price movement since the start of the year.