Additionally, the 36-month beta value for API is 0.04. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for API is 70.44M and currently, short sellers hold a 2.14% ratio of that float. The average trading volume of API on July 04, 2024 was 148.06K shares.
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API) stock’s latest price update
The stock price of Agora Inc ADR (NASDAQ: API) has jumped by 5.96 compared to previous close of 2.18. Despite this, the company has seen a gain of 4.05% in its stock price over the last five trading days. globenewswire.com reported 2024-05-22 that SANTA CLARA, Calif., May 22, 2024 (GLOBE NEWSWIRE) — Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in real-time engagement technology, today announced its unaudited financial results for the first quarter ended March 31, 2024.
API’s Market Performance
API’s stock has risen by 4.05% in the past week, with a monthly drop of -3.35% and a quarterly drop of -10.81%. The volatility ratio for the week is 6.38% while the volatility levels for the last 30 days are 3.71% for Agora Inc ADR The simple moving average for the past 20 days is -1.56% for API’s stock, with a -13.11% simple moving average for the past 200 days.
Analysts’ Opinion of API
Many brokerage firms have already submitted their reports for API stocks, with Morgan Stanley repeating the rating for API by listing it as a “Equal-Weight.” The predicted price for API in the upcoming period, according to Morgan Stanley is $3.20 based on the research report published on September 28, 2023 of the previous year 2023.
Nomura, on the other hand, stated in their research note that they expect to see API reach a price target of $10, previously predicting the price at $11. The rating they have provided for API stocks is “Buy” according to the report published on May 16th, 2022.
Bernstein gave a rating of “Outperform” to API, setting the target price at $10 in the report published on May 05th of the previous year.
API Trading at -8.27% from the 50-Day Moving Average
After a stumble in the market that brought API to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.48% of loss for the given period.
Volatility was left at 3.71%, however, over the last 30 days, the volatility rate increased by 6.38%, as shares sank -4.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.08% lower at present.
During the last 5 trading sessions, API rose by +5.86%, which changed the moving average for the period of 200-days by -6.00% in comparison to the 20-day moving average, which settled at $2.34. In addition, Agora Inc ADR saw -12.17% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for API
Current profitability levels for the company are sitting at:
- -0.6 for the present operating margin
- 0.63 for the gross margin
The net margin for Agora Inc ADR stands at -0.58. The total capital return value is set at -0.13. Equity return is now at value -12.30, with -11.02 for asset returns.
Based on Agora Inc ADR (API), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -0.56. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -1390.98.
Currently, EBITDA for the company is -20.33 million with net debt to EBITDA at 0.87. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 3.64for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.84.
Conclusion
In conclusion, Agora Inc ADR (API) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
