In the latest session, Agora Inc ADR (NASDAQ: API) closed at $2.62 down -12.67% from its previous closing price of $3.00. In other words, the price has decreased by -$0.3800 from its previous closing price. On the day, 1077490 shares were traded. API stock price reached its highest trading level at $2.9900 during the session, while it also had its lowest trading level at $2.6200.
Ratios:
For a deeper understanding of Agora Inc ADR’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.63 and its Current Ratio is at 4.63. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, Morgan Stanley on September 28, 2023, Downgraded its rating to Equal-Weight and sets its target price to $3.20 from $4.60 previously.
On May 16, 2022, Nomura Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $11 to $10.
On May 05, 2022, Bernstein started tracking the stock assigning a Outperform rating and target price of $10.Bernstein initiated its Outperform rating on May 05, 2022, with a $10 target price.
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 241.56M and an Enterprise Value of 75.15M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 0.33. Its current Enterprise Value per Revenue stands at 0.53 whereas that against EBITDA is -1.84.
Stock Price History:
Over the past 52 weeks, API has reached a high of $4.22, while it has fallen to a 52-week low of $2.37. The 50-Day Moving Average of the stock is 2.7234, while the 200-Day Moving Average is calculated to be 2.8567.
Shares Statistics:
For the past three months, API has traded an average of 351.23K shares per day and 274.49k over the past ten days. A total of 96.57M shares are outstanding, with a floating share count of 75.23M. Insiders hold about 4.17% of the company’s shares, while institutions hold 33.66% stake in the company. Shares short for API as of Feb 15, 2024 were 2.3M with a Short Ratio of 6.54, compared to 2.31M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.44% and a Short% of Float of 2.98%.
Earnings Estimates
There are 1 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.09 and a low estimate of -$0.09, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.07 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.22 and -$0.54 for the fiscal current year, implying an average EPS of -$0.31. EPS for the following year is -$0.25, with 4 analysts recommending between -$0.13 and -$0.42.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $42M this quarter.It ranges from a high estimate of $42M to a low estimate of $42M. As of the current estimate, Agora Inc ADR’s year-ago sales were $36.44M, an estimated increase of 15.20% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $40M, an increase of 17.50% over than the figure of $15.20% in the same quarter last year. There is a high estimate of $40M for the next quarter, whereas the lowest estimate is $40M.
A total of 4 analysts have provided revenue estimates for API’s current fiscal year. The highest revenue estimate was $148.6M, while the lowest revenue estimate was $145.29M, resulting in an average revenue estimate of $146.93M. In the same quarter a year ago, actual revenue was $141.54M, up 3.80% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $165.04M in the next fiscal year. The high estimate is $170.09M and the low estimate is $160.02M. The average revenue growth estimate for next year is up 12.30% from the average revenue estimate for this year.
