Shares of Agora, Inc. (NASDAQ:API - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $6.19, but opened at $5.73. Agora shares last traded at $5.71, with a volume of 314,498 shares.
Wall Street Analysts Forecast Growth
Separately, Bank of America upgraded shares of Agora from a "neutral" rating to a "buy" rating and increased their target price for the stock from $3.10 to $6.00 in a research report on Thursday, January 16th.
View Our Latest Research Report on Agora
Agora Trading Up 3.6 %
The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06. The company has a market cap of $483.14 million, a PE ratio of -10.69, a P/E/G ratio of 4.36 and a beta of 0.38. The business's 50-day simple moving average is $5.14 and its 200-day simple moving average is $4.01.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of API. TMT General Partner Ltd bought a new position in shares of Agora during the 4th quarter valued at $13,004,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Agora during the 4th quarter valued at $12,459,000. Yong Rong HK Asset Management Ltd bought a new position in shares of Agora during the 4th quarter valued at $10,192,000. Hhlr Advisors LTD. bought a new position in shares of Agora during the 4th quarter valued at $8,730,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Agora during the 4th quarter valued at $3,082,000. 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.
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