3 Downgraded Stocks To Consider Selling

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The stock market is attempting to rebound with the S&P 500 1% off its all-time highs. However, there’s much more weakness under the surface with many stocks off by 20 to 40% over the last few weeks.

The POWR Ratings are one way to stay on top of the market and identify which stocks are most vulnerable to more selling.

Without further ado, let’s take a look at three of the latest POWR Ratings downgrades: Agora (API), Hyliion Holdings (HYLN), and MongoDB (MDB).

Agora (API - Get Rating)

API’s business is selling Platform-as-a-Service highlighted by real-time user engagement. This Shanghai, China-based company makes it that much easier for developers to use software tools to embed communication functions and real-time video into applications.

API has an F grade in the Value component of the POWR Ratings along with a D grade in the Quality component. Click here to find out how API grades out in the Momentum, Sentiment, Stability, and Growth components.

Of the 114 publicly traded companies in the Software – Application space, API is ranked 102. You can learn more about the stocks traded in this space by clicking here. Though API has a year-to-date price return of 49.54%, the stock’s one-month price return is -39.68%.

The top analysts have established an average target price of $56.60 for API, indicating it has a nearly 7% downside. The lowest analyst target price for the stock is $42. Now that the pandemic appears to finally be coming to an end, the video engagement tools provided by the likes of API are not as coveted as they were in months prior.

Hyliion Holdings (HYLN - Get Rating)

HYLN’s electrified powertrain technology for big rigs might make a meaningful impact on the trucking industry in the future though it will take some time to get there. HYLN’s solutions include proprietary batteries for trucks, integrated electric motors, and more, ultimately culminating in fully electric powertrain systems. In short, HYLN is attempting to make the trucking industry that much greener.

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