Agora Inc ADR (NASDAQ: API)’s stock price has decreased by -4.85 compared to its previous closing price of 4.95. However, the company has seen a 95.44% increase in its stock price over the last five trading sessions. zacks.com reported 2024-10-03 that Does Agora, Inc. Sponsored ADR (API) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Is It Worth Investing in Agora Inc ADR (NASDAQ: API) Right Now?
The stock has a 36-month beta value of -0.18. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for API is 70.67M, and at present, short sellers hold a 1.87% of that float. On October 07, 2024, the average trading volume of API was 1.53M shares.
API’s Market Performance
API stock saw an increase of 95.44% in the past week, with a monthly gain of 146.60% and a quarterly increase of 103.02%. The volatility ratio for the week is 25.15%, and the volatility levels for the last 30 days are 9.27% for Agora Inc ADR (API). The simple moving average for the past 20 days is 97.42% for API’s stock, with a 87.77% simple moving average for the past 200 days.
Analysts’ Opinion of API
Many brokerage firms have already submitted their reports for API stocks, with BofA Securities repeating the rating for API by listing it as a “Neutral.” The predicted price for API in the upcoming period, according to BofA Securities is $2.63 based on the research report published on August 20, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see API reach a price target of $3.20, previously predicting the price at $4.60. The rating they have provided for API stocks is “Equal-Weight” according to the report published on September 28th, 2023.
Nomura gave a rating of “Buy” to API, setting the target price at $10 in the report published on May 16th of the previous year.
API Trading at 106.86% 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 -26.75% of loss for the given period.
Volatility was left at 9.27%, however, over the last 30 days, the volatility rate increased by 25.15%, as shares surge +147.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +89.92% upper at present.
During the last 5 trading sessions, API rose by +95.44%, which changed the moving average for the period of 200-days by +68.21% in comparison to the 20-day moving average, which settled at $2.53. In addition, Agora Inc ADR saw 79.09% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at API starting from Morningside China TMT Top Up F, who proposed sale 369,018 shares at the price of $2.20 back on Aug 22 ’24. After this action, Morningside China TMT Top Up F now owns shares of Agora Inc ADR, valued at $811,000 using the latest closing price.
Morningside China TMT Fund II, the Director of Agora Inc ADR, proposed sale 31,727 shares at $2.21 during a trade that took place back on Aug 22 ’24, which means that Morningside China TMT Fund II, is holding shares at $70,000 based on the most recent closing price.
Stock Fundamentals for API
Current profitability levels for the company are sitting at:
- -0.34 for the present operating margin
- 0.63 for the gross margin
The net margin for Agora Inc ADR stands at -0.32. The total capital return value is set at -0.07. Equity return is now at value -7.19, with -6.41 for asset returns.
Based on Agora Inc ADR (API), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -0.55. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -283.24.
Currently, EBITDA for the company is -20.33 million with net debt to EBITDA at 0.23. When we switch over and look at the enterprise to sales, we see a ratio of 3.04. The receivables turnover for the company is 3.59for 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 8.29.
Conclusion
To sum up, Agora Inc ADR (API) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
