The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
As of close of business last night, Agora Inc ADR’s stock clocked out at $5.94, up 6.07% from its previous closing price of $5.60. In other words, the price has increased by $6.07 from its previous closing price. On the day, 1.7 million shares were traded.
Ratios:
To gain a deeper understanding of API’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.15 and its Current Ratio is at 6.15. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 29 ’24 when Morningside China TMT Top Up F bought 5,096,103 shares for $5.49 per share.
Morningside China TMT Fund II, bought 438,180 shares of API for $2,400,000 on Nov 29 ’24. On Nov 29 ’24, another insider, ZHONG SHENG, who serves as the Officer of the company, bought 400,000 shares for $6.35 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.22 while its Price-to-Book (P/B) ratio in mrq is 0.75.
Stock Price History:
Over the past 52 weeks, API has reached a high of $6.64, while it has fallen to a 52-week low of $1.65. The 50-Day Moving Average of the stock is 22.96%, while the 200-Day Moving Average is calculated to be 86.89%.
Shares Statistics:
A total of 73.03M shares are outstanding, with a floating share count of 68.54M. Insiders hold about 6.14% of the company’s shares, while institutions hold 33.81% stake in the company.
