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Agora Inc ADR (NASDAQ: API) closed the day trading at $3.26 up 0.93% from the previous closing price of $3.23. In other words, the price has increased by $0.93 from its previous closing price. On the day, 1.15 million shares were traded. API stock price reached its highest trading level at $3.36 during the session, while it also had its lowest trading level at $3.03.
Ratios:
For a better understanding of API, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 299838496 and an Enterprise Value of 870044032. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72 while its Price-to-Book (P/B) ratio in mrq is 0.40. Its current Enterprise Value per Revenue stands at 6.292 whereas that against EBITDA is -23.818.
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 34.52%, while the 200-Day Moving Average is calculated to be 28.41%.
Shares Statistics:
Over the past 3-months, API traded about 1.72M shares per day on average, while over the past 10 days, API traded about 10453230 shares per day. A total of 73.16M shares are outstanding, with a floating share count of 70.67M. Insiders hold about 3.09% of the company’s shares, while institutions hold 38.20% stake in the company. Shares short for API as of 1727654400 were 1363080 with a Short Ratio of 0.79, compared to 1724976000 on 1420178. Therefore, it implies a Short% of Shares Outstanding of 1363080 and a Short% of Float of 2.6300002.
