Should You Buy Agora Inc (API) Stock on Friday?

The market has been down on Agora Inc (API) stock recently. API gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Agora Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on API!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With API Stock Today?

Agora Inc (API) stock is trading at $2.67 as of 11:26 AM on Friday, Dec 1, an increase of $0.16, or 6.37% from the previous closing price of $2.51. The stock has traded between $2.51 and $2.67 so far today. Volume today is light. So far 169,116 shares have traded compared to average volume of 393,293 shares. To see InvestorsObserver's Sentiment Score for Agora Inc click here.

More About Agora Inc

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. Click Here to get the full Stock Report for Agora Inc stock.