Agora, Inc. (NASDAQ:API - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $6.41, but opened at $6.17. Agora shares last traded at $6.28, with a volume of 230,523 shares.
Analyst Upgrades and Downgrades
Separately, Bank of America raised Agora from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $3.10 to $6.00 in a research report on Thursday, January 16th.
Read Our Latest Research Report on API
Agora Stock Down 7.6 %
The business has a 50-day moving average of $4.91 and a 200-day moving average of $3.74. 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 market capitalization of $550.43 million, a price-to-earnings ratio of -12.18, a P/E/G ratio of 4.34 and a beta of 0.38.
Agora (NASDAQ:API - Get Free Report) last released its earnings results on Monday, November 25th. The company reported ($0.26) earnings per share for the quarter. Agora had a negative net margin of 33.74% and a negative return on equity of 7.70%. During the same period last year, the company earned ($0.23) earnings per share. On average, sell-side analysts expect that Agora, Inc. will post -0.4 EPS for the current year.
Hedge Funds Weigh In On Agora
Several institutional investors have recently bought and sold shares of API. MY.Alpha Management HK Advisors Ltd purchased a new position in shares of Agora in the 4th quarter valued at about $3,057,000. Nomura Holdings Inc. purchased a new position in shares of Agora in the 4th quarter valued at about $892,000. Bank of America Corp DE boosted its stake in shares of Agora by 714.6% in the 4th quarter. Bank of America Corp DE now owns 565,584 shares of the company's stock valued at $2,353,000 after buying an additional 496,156 shares during the period. Jane Street Group LLC purchased a new position in shares of Agora in the 4th quarter valued at about $53,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Agora in the 4th quarter valued at about $1,123,000. 40.40% of the stock is owned by institutional investors and hedge funds.
Agora Company Profile
(
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.
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