Investing In Agora Inc ADR (NASDAQ: API): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

Stocks Info

The company is listed on the NASDAQ and operates within the Software – Application industry segment. The current market capitalization of Agora Inc ADR is $319.14M. A total of 0.54 million shares were traded on the day, compared to an average of 3.05M shares.

In the most recent transaction, Morningside China TMT Top Up F bought 5,096,103 shares of API for 5.49 per share on Nov 29 ’24. In a previous transaction on Nov 29 ’24, Morningside China TMT Fund II, bought 438,180 shares at 5.48 per share.

Among the insiders who bought shares, ZHONG SHENG acquired of 400,000 shares on Nov 29 ’24 at a per-share price of $6.35. In another insider transaction, Morningside China TMT Top Up F bought 369,018 shares at $2.20 per share on Aug 22 ’24.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, API has a high of $6.64 and a low of $1.65.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. API’s latest balance sheet shows that the firm has $755.30M in Cash & Short Term Investments as of fiscal 2021. There were $7.41M in debt and $73.80M in liabilities at the time. Its Book Value Per Share was $7.89, while its Total Shareholder’s Equity was $866.26M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for API is Buy with a score of 4.00.

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