Agora, Inc. (NASDAQ:API - Get Free Report)'s share price traded down 8.4% during trading on Monday . The stock traded as low as $5.55 and last traded at $5.64. 528,042 shares changed hands during trading, a decline of 50% from the average session volume of 1,049,051 shares. The stock had previously closed at $6.16.
Analyst Ratings Changes
Separately, Bank of America raised shares of Agora from a "neutral" rating to a "buy" rating and upped their price target for the stock from $3.10 to $6.00 in a research note on Thursday, January 16th.
Read Our Latest Research Report on API
Agora Stock Down 0.2 %
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 $599.30 million, a P/E ratio of -13.27, a P/E/G ratio of 4.36 and a beta of 0.38. The stock has a 50 day moving average price of $5.06 and a 200 day moving average price of $3.93.
Agora (NASDAQ:API - Get Free Report) last issued its quarterly earnings results on Monday, November 25th. The company reported ($0.26) earnings per share 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 last year, the company earned ($0.23) earnings per share. Research analysts expect that Agora, Inc. will post -0.4 earnings per share for the current fiscal year.
Institutional Trading of Agora
A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Agora by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,457 shares of the company's stock valued at $1,471,000 after acquiring an additional 2,791 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Agora by 7.7% during the fourth quarter. Two Sigma Investments LP now owns 58,631 shares of the company's stock valued at $244,000 after purchasing an additional 4,207 shares during the last quarter. Clearline Capital LP boosted its position in shares of 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 purchasing an additional 4,975 shares during the period. Rhumbline Advisers increased its stake in Agora by 1,988.6% in the 4th quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock worth $30,000 after purchasing an additional 6,960 shares in the last quarter. Finally, Barclays PLC raised its holdings in Agora by 7.9% during the 4th quarter. Barclays PLC now owns 119,572 shares of the company's stock worth $497,000 after buying an additional 8,724 shares during the period. 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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