Shares of Agora, Inc. (NASDAQ:API - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $6.16, but opened at $6.45. Agora shares last traded at $6.19, with a volume of 503,898 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Bank of America upgraded shares of Agora from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $3.10 to $6.00 in a report on Thursday, January 16th.
View Our Latest Report on Agora
Agora Trading Up 0.8 %
The stock has a market cap of $595.61 million, a PE ratio of -13.18, a price-to-earnings-growth ratio of 4.34 and a beta of 0.38. 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 business has a 50 day moving average of $4.91 and a 200-day moving average of $3.70.
Agora (NASDAQ:API - Get Free Report) last released its quarterly earnings data on Monday, November 25th. The company reported ($0.26) earnings per share (EPS) for the quarter. Agora had a negative return on equity of 7.70% and a negative net margin of 33.74%. During the same quarter in the previous year, the company earned ($0.23) EPS. On average, analysts anticipate that Agora, Inc. will post -0.4 EPS for the current year.
Institutional Trading of Agora
Several hedge funds have recently bought and sold shares of API. Rhumbline Advisers boosted its holdings in shares of Agora by 1,988.6% in the fourth quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock valued at $30,000 after acquiring an additional 6,960 shares in the last quarter. Quadrature Capital Ltd bought a new position in Agora during the 3rd quarter valued at $27,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Agora in the 3rd quarter worth $28,000. EntryPoint Capital LLC bought a new position in Agora during the fourth quarter valued at about $69,000. Finally, XTX Topco Ltd bought a new position in Agora during the fourth quarter valued at about $73,000. 40.40% of the stock is currently owned by institutional investors.
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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