API Stock Summary and Trading Ideas (Agora - Ads | NASDAQ:API)

Agora Inc provides real-time communication solutions. The company offers real-time video calling, voice calling, live audio and video streaming, recording, and real-time messaging. It serves the gaming, retail, and education industries. The company operates in the People's Republic of China and the United States of America and the majority of its revenue is derived from the People's Republic of China.

Agora - Ads trades on the NASDAQ stock market under the symbol API.

As of April 19, 2024, API stock price declined to $2.40 with 127,765 million shares trading.

API has a beta of 0.75, meaning it tends to be less sensitive to market movements. API has a correlation of 0.05 to the broad based SPY ETF.

API has a market cap of $245.00 million. This is considered a Small Cap stock.

Last quarter Agora - Ads reported $36 million in Revenue and $.01 earnings per share. This fell short of revenue expectation by $-6 million and exceeded earnings estimates by $.10.

In the last 3 years, API stock traded as high as $61.41 and as low as $2.32.

The top ETF exchange traded funds that API belongs to (by Net Assets): SPEM, PGJ, EWX, AVEM, GXC.

API has underperformed the market in the last year with a price return of -31.8% while the SPY ETF gained +21.2%. API has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.0% and -5.9%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

API support price is $2.36 and resistance is $2.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that API stock will trade within this expected range on the day.