Agora Inc. (NASDAQ:API) went down by -2.16% from its latest closing price compared to the recent 1-year high of $114.96. The company’s stock price has collected -18.18% of loss in the last five trading sessions. Press Release reported on 11/15/21 that Agora, Inc. Reports Third Quarter 2021 Financial Results
Is It Worth Investing in Agora Inc. (NASDAQ :API) Right Now?
Opinions of the stock are interesting as 6 analysts out of 8 who provided ratings for Agora Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $29.96, which is $15.28 above the current price. API currently public float of 42.53M and currently shorts hold a 18.02% ratio of that float. Today, the average trading volume of API was 943.81K shares.
API’s Market Performance
API stocks went down by -18.18% for the week, with a monthly drop of -20.94% and a quarterly performance of -31.97%, while its annual performance rate touched -44.20%. The volatility ratio for the week stands at 5.81% while the volatility levels for the past 30 days are set at 6.42% for Agora Inc.. The simple moving average for the period of the last 20 days is -13.34% for API stocks with a simple moving average of -50.40% for the last 200 days.
Analysts’ Opinion of API
Many brokerage firms have already submitted their reports for API stocks, with JP Morgan repeating the rating for API by listing it as a “Overweight.” The predicted price for API in the upcoming period, according to JP Morgan is $33 based on the research report published on October 22nd of the current year 2021.
Nomura, on the other hand, stated in their research note that they expect to see API reach a price target of $70. The rating they have provided for API stocks is “Buy” according to the report published on April 13th, 2021.
Macquarie gave a rating of “Outperform” to API, setting the target price at $80 in the report published on March 23rd of the current year.
API Trading at -21.44% from the 50-Day Moving Average
After a stumble in the market that brought API to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.23% of loss for the given period.
Volatility was left at 6.42%, however, over the last 30 days, the volatility rate increased by 5.81%, as shares sank -17.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.44% lower at present.
During the last 5 trading sessions, API fell by -18.18%, which changed the moving average for the period of 200-days by -78.14% in comparison to the 20-day moving average, which settled at $23.36. In addition, Agora Inc. saw -48.36% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for API
Equity return is now at value -23.50, with -21.50 for asset returns.