The stock of Agora Inc ADR (NASDAQ:API) last traded at $5.16, down -18.74% from the previous session.
API stock price is now 47.20% away from the 50-day moving average and 90.71% away from the 200-day moving average. The market capitalization of the company currently stands at $376.83M.
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With the price target reduced from $4 to $2.63, BofA Securities Downgraded its rating from Buy to Neutral for Agora Inc ADR (NASDAQ: API). On September 28, 2023, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $4.60 to quote $3.20, while ‘Nomura’ rates the stock as ‘Buy’
In other news, Morningside China TMT Top Up F, Director bought 5,096,103 shares of the company’s stock on Nov 29 ’24. The stock was bought for $28,000,000 at an average price of $5.49. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’24, Director Morningside China TMT Fund II, bought 438,180 shares of the business’s stock. A total of $2,400,000 was incurred on buying the stock at an average price of $5.48. A total of 2.74% of the company’s stock is owned by insiders.
During the past 12 months, Agora Inc ADR has had a low of $1.65 and a high of $6.49. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 6.15, and a quick ratio of 6.15. The fifty day moving average price for API is $3.5036 and a two-hundred day moving average price translates $2.705225 for the stock.
The latest earnings results from Agora Inc ADR (NASDAQ: API) was released for 2024-06-30. The net profit margin was -33.74% and return on equity was -7.68% for API. The company reported revenue of $34.21 million for the quarter, compared to $34.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.5 percent.
