Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
As of close of business last night, Agora Inc ADR’s stock clocked out at $4.83, down -7.82% from its previous closing price of $5.24. In other words, the price has decreased by -$7.82 from its previous closing price. On the day, 0.91 million shares were traded. API stock price reached its highest trading level at $5.025 during the session, while it also had its lowest trading level at $4.75.
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:
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 444722240 and an Enterprise Value of 1421894016. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.62 while its Price-to-Book (P/B) ratio in mrq is 0.61. Its current Enterprise Value per Revenue stands at 10.282 whereas that against EBITDA is -38.925.
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 3.95%, while the 200-Day Moving Average is calculated to be 56.81%.
Shares Statistics:
It appears that API traded 1.55M shares on average per day over the past three months and 840650 shares per day over the past ten days. 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 34.17% stake in the company. Shares short for API as of 1730332800 were 1302990 with a Short Ratio of 1.19, compared to 1727654400 on 1363080. Therefore, it implies a Short% of Shares Outstanding of 1302990 and a Short% of Float of 2.52.
