Shares of Agora, Inc. (NASDAQ:API - Get Free Report) dropped 4.8% on Friday . The stock traded as low as $6.15 and last traded at $6.15. Approximately 1,326,448 shares changed hands during trading, an increase of 31% from the average daily volume of 1,012,889 shares. The stock had previously closed at $6.46.
Analyst Ratings Changes
Separately, Bank of America upgraded Agora from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $3.10 to $6.00 in a report on Thursday, January 16th.
Get Our Latest Analysis on Agora
Agora Price Performance
The firm has a market cap of $532.92 million, a price-to-earnings ratio of -11.80, a PEG ratio of 4.34 and a beta of 0.38. The company's fifty day moving average is $4.91 and its 200 day moving average is $3.76. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.06.
Agora (NASDAQ:API - Get Free Report) last posted its quarterly earnings data on Monday, November 25th. The company reported ($0.26) 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 last year, the company earned ($0.23) EPS. On average, equities research analysts predict that Agora, Inc. will post -0.4 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Agora by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,457 shares of the company's stock worth $1,471,000 after purchasing an additional 2,791 shares in the last quarter. Two Sigma Investments LP raised its position in Agora by 7.7% during the fourth quarter. Two Sigma Investments LP now owns 58,631 shares of the company's stock worth $244,000 after acquiring an additional 4,207 shares in the last quarter. Clearline Capital LP lifted its stake in Agora by 4.0% in the third quarter. Clearline Capital LP now owns 127,974 shares of the company's stock valued at $308,000 after acquiring an additional 4,975 shares during the last quarter. Rhumbline Advisers grew its position in shares of Agora by 1,988.6% in the 4th quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock valued at $30,000 after acquiring an additional 6,960 shares during the period. Finally, Barclays PLC increased its stake in shares of Agora by 7.9% during the 4th quarter. Barclays PLC now owns 119,572 shares of the company's stock worth $497,000 after purchasing an additional 8,724 shares during the last quarter. 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.
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