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The closing price of Agora Inc ADR (NASDAQ: API) was $3.84 for the day, down -3.52% from the previous closing price of $3.98. In other words, the price has decreased by -$3.52 from its previous closing price. On the day, 0.52 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 3.51 and its Current Ratio is at 3.51. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.10.
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 May 30 ’25 when Morningside China TMT Top Up F bought 920,824 shares for $3.69 per share.
Morningside China TMT Fund II, bought 79,176 shares of API for $290,000 on May 30 ’25. On Feb 27 ’25, another insider, Morningside China TMT Top Up F, who serves as the Director of the company, bought 736,660 shares for $5.80 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.14 while its Price-to-Book (P/B) ratio in mrq is 0.50.
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 12.46%, while the 200-Day Moving Average is calculated to be -4.14%.
Shares Statistics:
A total of 74.47M shares are outstanding, with a floating share count of 71.66M. Insiders hold about 3.77% of the company’s shares, while institutions hold 41.44% stake in the company.
