Shares of Agora, Inc. (NASDAQ:API - Get Free Report) traded up 8.3% during trading on Thursday . The stock traded as high as $6.39 and last traded at $6.27. 478,668 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 906,399 shares. The stock had previously closed at $5.79.
Analyst Ratings Changes
Separately, Bank of America upgraded shares of Agora from a "neutral" rating to a "buy" rating and increased their price target for the stock from $3.10 to $6.00 in a research note on Thursday, January 16th.
Read Our Latest Analysis on API
Agora Stock 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 company has a market cap of $613.13 million, a P/E ratio of -13.57, a P/E/G ratio of 4.34 and a beta of 0.38. The firm has a 50 day moving average price of $4.84 and a 200-day moving average price of $3.60.
Agora (NASDAQ:API - Get Free Report) last announced its quarterly earnings results on Monday, November 25th. The company reported ($0.26) 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 period last year, the company posted ($0.23) EPS. On average, research analysts predict that Agora, Inc. will post -0.4 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Agora by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 275,866 shares of the company's stock valued at $585,000 after purchasing an additional 52,432 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Agora during the 3rd quarter valued at approximately $28,000. Clearline Capital LP grew its holdings in Agora by 4.0% in the 3rd quarter. Clearline Capital LP now owns 127,974 shares of the company's stock valued at $308,000 after buying an additional 4,975 shares during the last quarter. Harber Asset Management LLC increased its position in Agora by 6.1% in the 3rd quarter. Harber Asset Management LLC now owns 2,141,000 shares of the company's stock worth $5,160,000 after buying an additional 123,523 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Agora during the third quarter worth approximately $27,000. 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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