Agora, Inc. (NASDAQ:API - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $5.74, but opened at $6.02. Agora shares last traded at $5.68, with a volume of 888,194 shares trading hands.
Analysts Set New Price Targets
Separately, Bank of America upgraded Agora from a "neutral" rating to a "buy" rating and raised their target price for the company from $3.10 to $6.00 in a report on Thursday, January 16th.
Check Out Our Latest Stock Report on Agora
Agora Trading Up 8.6 %
The company has a fifty day simple moving average of $4.97 and a two-hundred day simple moving average of $3.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.15 and a quick ratio of 6.15. The company has a market capitalization of $567.95 million, a P/E ratio of -12.57, a price-to-earnings-growth ratio of 4.01 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 return on equity of 7.70% and a negative net margin of 33.74%. During the same period last year, the company earned ($0.23) EPS. On average, analysts forecast that Agora, Inc. will post -0.4 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Agora
A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Agora by 0.5% during the third 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 in the last quarter. TMT General Partner Ltd acquired a new stake in Agora during the fourth quarter valued at approximately $13,004,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Agora during the third quarter valued at approximately $28,000. Clearline Capital LP boosted its holdings in Agora by 4.0% during the third 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 in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Agora during the third quarter valued at approximately $27,000. 40.40% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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