Agora, Inc. (NASDAQ:API - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $6.73 and last traded at $6.65, with a volume of 1889308 shares traded. The stock had previously closed at $6.16.
Wall Street Analysts Forecast Growth
Separately, Bank of America raised Agora from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $3.10 to $6.00 in a research report on Thursday, January 16th.
Check Out Our Latest Stock Analysis on Agora
Agora Trading Down 7.6 %
The firm has a market cap of $550.43 million, a PE ratio of -12.18, a price-to-earnings-growth ratio of 4.34 and a beta of 0.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.15 and a current ratio of 6.15. The stock has a 50-day simple moving average of $4.91 and a two-hundred day simple moving average of $3.72.
Agora (NASDAQ:API - Get Free Report) last released its quarterly earnings results on Monday, November 25th. The company reported ($0.26) EPS for the quarter. Agora had a negative net margin of 33.74% and a negative return on equity of 7.70%. During the same quarter in the previous year, the business posted ($0.23) EPS. As a group, sell-side analysts anticipate that Agora, Inc. will post -0.4 EPS for the current year.
Institutional Investors Weigh In On Agora
Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Agora by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,457 shares of the company's stock valued at $1,471,000 after purchasing an additional 2,791 shares during the last quarter. Clearline Capital LP increased its position in shares of Agora by 4.0% during the 3rd quarter. Clearline Capital LP now owns 127,974 shares of the company's stock valued at $308,000 after purchasing an additional 4,975 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Agora by 1,988.6% during the 4th quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock valued at $30,000 after acquiring an additional 6,960 shares during the period. Barclays PLC grew its stake in shares of Agora by 7.9% during the 4th quarter. Barclays PLC now owns 119,572 shares of the company's stock valued at $497,000 after acquiring an additional 8,724 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Agora during the 3rd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 40.40% of the company's stock.
About Agora
(
Get Free Report)
Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.
Featured Articles
Before you consider Agora, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agora wasn't on the list.
While Agora currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
