A new trading day began on Monday, with Agora Inc ADR (NASDAQ: API) stock price down -7.29% from the previous day of trading, before settling in for the closing price of $4.39. API’s price has ranged from $1.65 to $6.43 over the past 52 weeks.
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Annual sales at Technology sector company grew by 32.88% over the past five years. Meanwhile, its annual earnings per share averaged 76.08%. With a float of $70.93 million, this company’s outstanding shares have now reached $73.16 million.
Let’s look at the performance matrix of the company that is accounted for 1311 employees. In terms of profitability, gross margin is 62.58%, operating margin of -33.58%, and the pretax margin is -31.94%.
Agora Inc ADR (API) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Agora Inc ADR is 2.74%, while institutional ownership is 35.93%. The most recent insider transaction that took place on Aug 22 ’24, was worth 811,000. Before that another transaction happened on Aug 22 ’24, when Company’s Director proposed sale 31,727 for $2.21, making the entire transaction worth $70,000.
Agora Inc ADR (API) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.23 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months).
According to the Wall Street analysts, stocks earnings will be around 76.08% per share during the next fiscal year.
Agora Inc ADR (NASDAQ: API) Trading Performance Indicators
Here are Agora Inc ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 8.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.46 and is forecasted to reach -0.01 in one year’s time.
Technical Analysis of Agora Inc ADR (API)
Agora Inc ADR (NASDAQ: API) saw its 5-day average volume 1.17 million, a positive change from its year-to-date volume of 0.79 million. As of the previous 9 days, the stock’s Stochastic %D was 51.69%. Additionally, its Average True Range was 0.55.
During the past 100 days, Agora Inc ADR’s (API) raw stochastic average was set at 50.59%, which indicates a significant increase from 49.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 210.29% in the past 14 days, which was higher than the 141.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.05, while its 200-day Moving Average is $2.63. Nevertheless, the first resistance level for the watch stands at $4.55 in the near term. At $5.03, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.32. If the price goes on to break the first support level at $3.78, it is likely to go to the next support level at $3.49. Assuming the price breaks the second support level, the third support level stands at $3.01.
Agora Inc ADR (NASDAQ: API) Key Stats
With a market capitalization of 296.83 million, the company has a total of 92,202K Shares Outstanding. Currently, annual sales are 141,540 K while annual income is -87,220 K. The company’s previous quarter sales were 34,210 K while its latest quarter income was -9,240 K.
