Agora Inc. (API) Records 0.52 million Shares Traded, Reaches $3.1150 High

After finishing at $3.07 in the prior trading day, Agora Inc. (NASDAQ: API) closed at $2.95, down -3.91%. In other words, the price has decreased by -$0.1200 from its previous closing price. On the day, 515026 shares were traded. API stock price reached its highest trading level at $3.1150 during the session, while it also had its lowest trading level at $2.9400.

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Our goal is to gain a better understanding of API by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.80 and its Current Ratio is at 6.80. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, API now has a Market Capitalization of 417.13M and an Enterprise Value of -8.31M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at -0.05 whereas that against EBITDA is 0.09.

Stock Price History:

Over the past 52 weeks, API has reached a high of $7.60, while it has fallen to a 52-week low of $2.49. The 50-Day Moving Average of the stock is 3.3320, while the 200-Day Moving Average is calculated to be 3.6442.

Shares Statistics:

The stock has traded on average 549.01K shares per day over the past 3-months and 543.53k shares per day over the last 10 days, according to various share statistics. A total of 109.88M shares are outstanding, with a floating share count of 80.45M. Insiders hold about 1.80% of the company’s shares, while institutions hold 48.90% stake in the company. Shares short for API as of Apr 27, 2023 were 2.54M with a Short Ratio of 2.54M, compared to 2.52M on Mar 30, 2023.

Earnings Estimates

Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.15, while EPS last year was -$0.24. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.12 and low estimates of -$0.13.

Analysts are recommending an EPS of between -$0.31 and -$0.67 for the fiscal current year, implying an average EPS of -$0.47. EPS for the following year is -$0.3, with 5 analysts recommending between -$0.18 and -$0.54.

Revenue Estimates

2 analysts predict $36.25M in revenue for the current quarter. It ranges from a high estimate of $37M to a low estimate of $35.5M. As of the current estimate, Agora Inc.’s year-ago sales were $38.59M, an estimated decrease of -6.10% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $38.46M, a decrease of -6.10% over than the figure of -$6.10% in the same quarter last year. There is a high estimate of $38.93M for the next quarter, whereas the lowest estimate is $38M.

A total of 6 analysts have provided revenue estimates for API’s current fiscal year. The highest revenue estimate was $161.49M, while the lowest revenue estimate was $156M, resulting in an average revenue estimate of $157.15M. In the same quarter a year ago, actual revenue was $160.67M, down -2.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $184.33M in the next fiscal year. The high estimate is $214M and the low estimate is $167.12M. The average revenue growth estimate for next year is up 17.30% from the average revenue estimate for this year.