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The closing price of Agora Inc ADR (NASDAQ: API) was $4.49 for the day, down -1.54% from the previous closing price of $4.56. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 0.51 million shares were traded. API stock price reached its highest trading level at $4.56 during the session, while it also had its lowest trading level at $4.36.
Ratios:
Our analysis of API’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 8.29 and its Current Ratio is at 8.29. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on August 20, 2024, Downgraded its rating to Neutral and sets its target price to $2.63 from $4 previously.
On September 28, 2023, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $4.60 to $3.20.
Nomura Upgraded its Neutral to Buy on May 16, 2022, whereas the target price for the stock was revised from $11 to $10.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 22 ’24 when Morningside China TMT Top Up F bought 369,018 shares for $2.20 per share.
Morningside China TMT Fund II, bought 31,727 shares of API for $70,000 on Aug 22 ’24. On Aug 10 ’24, another insider, Hale Roger, who serves as the Officer of the company, bought 16,666 shares for $2.50 each.
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 412967744 and an Enterprise Value of 1322561024. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.37 while its Price-to-Book (P/B) ratio in mrq is 0.56. Its current Enterprise Value per Revenue stands at 9.564 whereas that against EBITDA is -36.206.
Stock Price History:
Over the past 52 weeks, API has reached a high of $6.43, while it has fallen to a 52-week low of $1.65. The 50-Day Moving Average of the stock is 38.50%, while the 200-Day Moving Average is calculated to be 69.04%.
Shares Statistics:
API traded an average of 2.28M shares per day over the past three months and 1347510 shares per day over the past ten days. A total of 73.16M shares are outstanding, with a floating share count of 70.93M. Insiders hold about 2.74% of the company’s shares, while institutions hold 35.93% stake in the company. Shares short for API as of 1730332800 were 1302990 with a Short Ratio of 0.57, compared to 1727654400 on 1363080. Therefore, it implies a Short% of Shares Outstanding of 1302990 and a Short% of Float of 2.52.
