In a filing, Agora Inc ADR revealed its Director Morningside China TMT Top Up F acquired Company’s shares for reported $4.27 million on Feb 27 ’25. In the deal valued at $5.80 per share,736,660 shares were bought.
Then, Morningside China TMT Fund II, bought 63,340 shares, generating $367,000 in total proceeds.
Before that, Morningside China TMT Top Up F bought 5,096,103 shares. Agora Inc ADR shares valued at $28,000,000 were divested by the Director at a price of $5.49 per share.
BofA Securities upgraded its Agora Inc ADR [API] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Neutral”. Morgan Stanley also remained covering API and has decreased its forecast on September 28, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Nomura revised its rating on May 16, 2022. It rated API as “a Buy” which previously was an “a Neutral”.
Price Performance Review of API
On Monday, Agora Inc ADR [NASDAQ:API] saw its stock jump 0.38% to $2.62. Over the last five days, the stock has lost -10.27%. Agora Inc ADR shares have fallen nearly -37.02% since the year began. Nevertheless, the stocks have risen 8.71% over the past one year. While a 52-week high of $6.99 was reached on 02/26/25, a 52-week low of $1.65 was recorded on 04/17/25. SMA at 50 days reached $4.83, while 200 days put it at $3.79.
Levels Of Support And Resistance For API Stock
The 24-hour chart illustrates a support level at 2.54, which if violated will result in even more drops to 2.46. On the upside, there is a resistance level at 2.69. A further resistance level may holdings at 2.77. The Relative Strength Index (RSI) on the 14-day chart is 23.30, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.26%. Stochastics %K at 5.30% indicates the stock is a buying.
How much short interest is there in Agora Inc ADR?
A steep rise in short interest was recorded in Agora Inc ADR stocks on 2025-03-31, dropping by -0.55 million shares to a total of 1.05 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 1.59 million shares. There was a decline of -52.14%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 05, 2022 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $10 price target.
