Agora, Inc. (NASDAQ:API - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $5.60, but opened at $5.85. Agora shares last traded at $6.08, with a volume of 531,181 shares traded.
Wall Street Analysts Forecast Growth
Separately, Bank of America raised Agora from a "neutral" rating to a "buy" rating and raised their price target for the company from $3.10 to $6.00 in a report on Thursday, January 16th.
Check Out Our Latest Analysis on API
Agora Price Performance
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's fifty day moving average price is $4.84 and its 200-day moving average price is $3.53. The firm has a market cap of $547.67 million, a PE ratio of -12.12, a P/E/G ratio of 3.95 and a beta of 0.38.
Agora (NASDAQ:API - Get Free Report) last issued its earnings results on Monday, November 25th. The company reported ($0.26) earnings per share (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 firm earned ($0.23) earnings per share. As a group, equities analysts forecast that Agora, Inc. will post -0.4 EPS for the current fiscal year.
Institutional Trading of Agora
Several large investors have recently bought and sold shares of the company. TMT General Partner Ltd acquired a new position in shares of Agora during the 4th quarter worth $13,004,000. Yong Rong HK Asset Management Ltd acquired a new position in Agora during the fourth quarter worth about $10,192,000. Bank of Montreal Can purchased a new stake in shares of Agora in the second quarter valued at about $777,000. Harber Asset Management LLC grew its position in shares of Agora by 6.1% in the third quarter. Harber Asset Management LLC now owns 2,141,000 shares of the company's stock valued at $5,160,000 after purchasing an additional 123,523 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Agora by 23.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 275,866 shares of the company's stock worth $585,000 after purchasing an additional 52,432 shares in the last quarter. Institutional investors and hedge funds 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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