Agora, Inc. (NASDAQ:API - Get Free Report)'s share price rose 6.6% during trading on Wednesday . The stock traded as high as $6.65 and last traded at $6.46. Approximately 447,920 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 983,264 shares. The stock had previously closed at $6.06.
Analysts Set New Price Targets
Separately, Bank of America raised Agora from a "neutral" rating to a "buy" rating and increased their price target for the company from $3.10 to $6.00 in a research note on Thursday, January 16th.
View Our Latest Analysis on Agora
Agora Stock Down 7.6 %
The firm has a 50 day moving average of $4.91 and a 200 day moving average of $3.73. 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 announced its quarterly earnings data 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 firm posted ($0.23) earnings per share. As a group, research analysts predict that Agora, Inc. will post -0.4 EPS for the current fiscal year.
Institutional Trading of Agora
A number of hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new stake in Agora in the third quarter worth $27,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Agora in the third quarter worth $28,000. Rhumbline Advisers increased its position in Agora by 1,988.6% in the fourth quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock worth $30,000 after buying an additional 6,960 shares during the last quarter. Jane Street Group LLC purchased a new stake in Agora in the fourth quarter worth $53,000. Finally, EntryPoint Capital LLC purchased a new stake in Agora in the fourth quarter worth $69,000. 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.
Further Reading
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