Agora, Inc.'s (NASDAQ:API) Shares Bounce 148% But Its Business Still Trails The Industry

Simply Wall St.10-07

Agora, Inc. (NASDAQ:API) shares have had a really impressive month, gaining 148% after a shaky period beforehand. The last 30 days bring the annual gain to a very sharp 85%. Even after such a ...

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Even after such a ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nasdaq-api/agora/news/agora-incs-nasdaqapi-shares-bounce-148-but-its-business-stil\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Agora, Inc.'s (NASDAQ:API) Shares Bounce 148% But Its Business Still Trails The Industry</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAgora, Inc.'s (NASDAQ:API) Shares Bounce 148% But Its Business Still Trails The Industry\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-07 20:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/software/nasdaq-api/agora/news/agora-incs-nasdaqapi-shares-bounce-148-but-its-business-stil><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Agora, Inc. (NASDAQ:API) shares have had a really impressive month, gaining 148% after a shaky period beforehand.    The last 30 days bring the annual gain to a very sharp 85%.    Even after such a ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nasdaq-api/agora/news/agora-incs-nasdaqapi-shares-bounce-148-but-its-business-stil\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BKPKM429.USD","symbol_name":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://simplywall.st/stocks/us/software/nasdaq-api/agora/news/agora-incs-nasdaqapi-shares-bounce-148-but-its-business-stil","article_id":"2473067981","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8041000-choice2-main-header/1585186556238"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473067981","pubTimestamp":1728303959,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Agora, Inc. 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The...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","OTX.SI":"迈怡汇有限公司","BK4551":"寇图资本持仓","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BK4023":"应用软件","API":"声网","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK4585":"ETF&股票定投概念","QID":"纳指两倍做空ETF","BK4535":"淡马锡持仓","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","BK4588":"碎股","QLD":"纳指两倍做多ETF","NDAQ":"纳斯达克OMX交易所","BK4503":"景林资产持仓","TQQQ":"纳指三倍做多ETF","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","PSQ":"纳指反向ETF","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","BK4112":"金融交易所和数据"},"translate_title":"Agora，Inc.（纳斯达克股票代码：API）股价反弹148%，但其业务仍落后于行业","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"API":1,".IXIC":1,"OTX.SI":1,"NDAQ":1,"TQQQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Agora, Inc. (NASDAQ:API) shares have had a really impressive month, gaining 148% after a shaky period beforehand.    The last 30 days bring the annual gain to a very sharp 85%.    Even after such a large jump in price, Agora may still be sending buy signals at present with its price-to-sales (or \"P/S\") ratio of 3.1x, considering almost half of all companies in the Software industry in the United States have P/S ratios greater than 4.6x and even P/S higher than 12x aren't out of the ordinary.   Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/S.     Check out our latest analysis for Agora NasdaqGS:API Price to Sales Ratio vs Industry October 7th 2024 How Agora Has Been Performing  Agora could be doing better as its revenue has been going backwards lately while most other companies have been seeing positive revenue growth.   It seems that many are expecting the poor revenue performance to persist, which has repressed the P/S ratio.  So while you could say the stock is cheap, investors will be looking for improvement before they see it as good value.     If you'd like to see what analysts are forecasting going forward, you should check out our free report on Agora.  Do Revenue Forecasts Match The Low P/S Ratio?   There's an inherent assumption that a company should underperform the industry for P/S ratios like Agora's to be considered reasonable.   In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 8.8%.   This means it has also seen a slide in revenue over the longer-term as revenue is down 5.7% in total over the last three years.  Accordingly, shareholders would have felt downbeat about the medium-term rates of revenue growth.     Shifting to the future, estimates from the dual analysts covering the company suggest revenue should grow by 5.6% over the next year.  That's shaping up to be materially lower than the 24% growth forecast for the broader industry.  With this information, we can see why Agora is trading at a P/S lower than the industry.  Apparently many shareholders weren't comfortable holding on while the company is potentially eyeing a less prosperous future.    What Does Agora's P/S Mean For Investors?  Agora's stock price has surged recently, but its but its P/S still remains modest.      We'd say the price-to-sales ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.  As expected, our analysis of Agora's analyst forecasts confirms that the company's underwhelming revenue outlook is a major contributor to its low P/S.  Right now shareholders are accepting the low P/S as they concede future revenue probably won't provide any pleasant surprises.  It's hard to see the share price rising strongly in the near future under these circumstances.      It is also worth noting that we have found 2 warning signs for Agora (1 shouldn't be ignored!) that you need to take into consideration.   Of course, profitable companies with a history of great earnings growth are generally safer bets. So you may wish to see this free collection of other companies that have reasonable P/E ratios and have grown earnings strongly. New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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