The stock of Agora Inc ADR (NASDAQ: API) has increased by 15.05 when compared to last closing price of 4.55.Despite this, the company has seen a gain of 12.10% in its stock price over the last five trading days. globenewswire.com reported 2024-12-02 that SANTA CLARA, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) — Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in real-time engagement technology, today announced the Company’s senior management team have voluntarily entered into a lock-up period commencing from today and expiring on December 31, 2025.
Is It Worth Investing in Agora Inc ADR (NASDAQ: API) Right Now?
The 36-month beta value for API is at 0.40. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for API is 68.54M, and currently, shorts hold a 2.70% of that float. The average trading volume for API on January 24, 2025 was 1.53M shares.
API’s Market Performance
API’s stock has seen a 12.10% increase for the week, with a 15.05% rise in the past month and a 84.98% gain in the past quarter. The volatility ratio for the week is 8.15%, and the volatility levels for the past 30 days are at 8.06% for Agora Inc ADR The simple moving average for the past 20 days is 20.41% for API’s stock, with a 70.60% 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 “Buy.” The predicted price for API in the upcoming period, according to BofA Securities is $6 based on the research report published on January 16, 2025 of the current year 2025.
BofA Securities, on the other hand, stated in their research note that they expect to see API reach a price target of $2.63, previously predicting the price at $4. The rating they have provided for API stocks is “Neutral” according to the report published on August 20th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to API, setting the target price at $3.20 in the report published on September 28th of the previous year.
API Trading at 12.57% 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 -21.16% of loss for the given period.
Volatility was left at 8.06%, however, over the last 30 days, the volatility rate increased by 8.15%, as shares surge +19.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.90% lower at present.
During the last 5 trading sessions, API rose by +11.24%, which changed the moving average for the period of 200-days by +107.80% in comparison to the 20-day moving average, which settled at $4.35. In addition, Agora Inc ADR saw 25.84% 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 5,096,103 shares at the price of $5.49 back on Nov 29 ’24. After this action, Morningside China TMT Top Up F now owns shares of Agora Inc ADR, valued at $28,000,000 using the latest closing price.
Morningside China TMT Fund II, the Director of Agora Inc ADR, proposed sale 438,180 shares at $5.48 during a trade that took place back on Nov 29 ’24, which means that Morningside China TMT Fund II, is holding shares at $2,400,000 based on the most recent closing price.
Stock Fundamentals for API
Current profitability levels for the company are sitting at:
- -0.42 for the present operating margin
- 0.63 for the gross margin
The net margin for Agora Inc ADR stands at -0.34. The total capital return value is set at -0.09. Equity return is now at value -7.68, with -6.70 for asset returns.
Based on Agora Inc ADR (API), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -0.4. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -211.3.
Currently, EBITDA for the company is -78.27 million with net debt to EBITDA at -0.09. When we switch over and look at the enterprise to sales, we see a ratio of 3.92. The receivables turnover for the company is 3.5for 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 6.15.
Conclusion
In conclusion, Agora Inc ADR (API) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
