Agora, Inc. (NASDAQ:API - Get Free Report) shares traded down 4.8% during trading on Friday . The company traded as low as $5.74 and last traded at $5.76. 317,990 shares were traded during trading, a decline of 63% from the average session volume of 850,890 shares. The stock had previously closed at $6.05.
Analyst Ratings Changes
Separately, Bank of America upgraded Agora from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $3.10 to $6.00 in a research note on Thursday, January 16th.
Check Out Our Latest Stock Report on Agora
Agora Price Performance
The company has a 50-day moving average of $4.82 and a 200-day moving average of $3.50. The stock has a market cap of $547.67 million, a price-to-earnings ratio of -12.12, a PEG ratio of 3.95 and a beta of 0.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.15 and a current ratio of 6.15.
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 research analysts predict that Agora, Inc. will post -0.4 earnings per share for the current year.
Institutional Trading of Agora
Several large investors have recently modified their holdings of API. Rhumbline Advisers lifted its stake in shares of Agora by 1,988.6% during the fourth quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock valued at $30,000 after buying an additional 6,960 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Agora in the third quarter worth approximately $27,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Agora during the third quarter worth approximately $28,000. Clearline Capital LP raised its stake in Agora by 4.0% during the third quarter. Clearline Capital LP now owns 127,974 shares of the company's stock worth $308,000 after purchasing an additional 4,975 shares during the period. Finally, Dimensional Fund Advisors LP grew 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 valued at $585,000 after buying an additional 52,432 shares during the period. 40.40% of the stock is currently owned by institutional investors and hedge funds.
Agora Company Profile
(
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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