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The closing price of Agora Inc ADR (NASDAQ: API) was $3.57 for the day, up 5.93% from the previous closing price of $3.37. In other words, the price has increased by $5.93 from its previous closing price. On the day, 0.69 million shares were traded.
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 5.62 and its Current Ratio is at 5.62. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
On August 20, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $4 to $2.63.
Morgan Stanley Downgraded its Overweight to Equal-Weight on September 28, 2023, whereas the target price for the stock was revised from $4.60 to $3.20.
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 Feb 27 ’25 when Morningside China TMT Top Up F bought 736,660 shares for $5.80 per share.
Morningside China TMT Fund II, bought 63,340 shares of API for $367,000 on Feb 27 ’25. On Nov 29 ’24, another insider, Morningside China TMT Top Up F, who serves as the Director of the company, bought 5,096,103 shares for $5.49 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.99 while its Price-to-Book (P/B) ratio in mrq is 0.46.
Stock Price History:
Over the past 52 weeks, API has reached a high of $6.99, while it has fallen to a 52-week low of $1.65. The 50-Day Moving Average of the stock is -10.56%, while the 200-Day Moving Average is calculated to be -7.34%.
Shares Statistics:
A total of 74.29M shares are outstanding, with a floating share count of 71.49M. Insiders hold about 3.77% of the company’s shares, while institutions hold 38.14% stake in the company.
