Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Agora Inc ADR shares valued at $28,000,000 were purchased by Morningside China TMT Top Up F on Nov 29 ’24. At $5.49 per share, Morningside China TMT Top Up F acquired 5,096,103 shares.
Also, Morningside China TMT Fund II, purchased 438,180 shares, netting a total of over 2,400,000 in proceeds.
Before that, ZHONG SHENG had added 400,000 shares to its account. In a trade valued at $2,540,000, the Officer bought Agora Inc ADR shares for $6.35 each.
As published in a research note from BofA Securities on January 16, 2025, Agora Inc ADR [API] has been rated up from a Neutral to a Buy and the price target has been revised to $6. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of September 28, 2023, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for API. Earlier on May 16, 2022, Nomura upgraded its rating. Their new recommendation was “a Buy” for API stock which previously was a “a Neutral”.
Analyzing API Stock Performance
During the last five days, there has been a surge of approximately 1.49%. Over the course of the year, Agora Inc ADR shares have jumped approximately 47.60%. Shares of the company reached a 52-week high of $6.48 on 02/06/25 and a 52-week low of $3.54 on 01/10/25. A 50-day SMA is recorded $4.89, while a 200-day SMA reached $3.21. Nevertheless, trading volume fell to 2.12 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Agora Inc ADR (API)
According to the 24-hour chart, there is a support level at 5.81, which, if violated, would cause prices to drop to 5.49. In the upper region, resistance lies at 6.47. The next price resistance is at 6.81. RSI (Relative Strength Index) is 64.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 17.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
