Agora Inc ADR’s recently made public that its Director Morningside China TMT Top Up F acquired Company’s shares for reported $28.0 million on Nov 29 ’24. In the deal valued at $5.49 per share,5,096,103 shares were bought.
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Then, Morningside China TMT Fund II, bought 438,180 shares, generating $2,400,000 in total proceeds.
Before that, ZHONG SHENG bought 400,000 shares. Agora Inc ADR shares valued at $2,540,000 were divested by the Officer at a price of $6.35 per share.
BofA Securities downgraded its Agora Inc ADR [API] rating to a Neutral from a a Buy in a research note published on August 20, 2024; the price target was decreased to $2.63 from $4. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late September from “an Overweight” to “an Equal-weight”. Nomura also remained covering API and has increased its forecast on May 16, 2022 with a “Buy” recommendation from previously “Neutral” rating. Bernstein started covering the stock on May 05, 2022. It rated API as “an Outperform”.
Price Performance Review of API
On Tuesday, Agora Inc ADR [NASDAQ:API] saw its stock jump 9.29% to $5.53. Over the last five days, the stock has gained 16.18%. Agora Inc ADR shares have risen nearly 110.27% since the year began. Nevertheless, the stocks have risen 104.06% over the past one year. While a 52-week high of $6.49 was reached on 11/27/24, a 52-week low of $1.65 was recorded on 08/23/24. SMA at 50 days reached $3.64, while 200 days put it at $2.73.
Levels Of Support And Resistance For API Stock
The 24-hour chart illustrates a support level at 5.05, which if violated will result in even more drops to 4.58. On the upside, there is a resistance level at 5.89. A further resistance level may holdings at 6.26. The Relative Strength Index (RSI) on the 14-day chart is 62.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.10%. Stochastics %K at 50.79% indicates the stock is a holding.
How much short interest is there in Agora Inc ADR?
A steep rise in short interest was recorded in Agora Inc ADR stocks on 2024-10-31, dropping by 60090.0 shares to a total of 1.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.36 million shares. There was a decline of -4.61%, which implies that there is a negative sentiment for the stock.
