Agora (NASDAQ:API) Trading Up 8.1% - What's Next?

Shares of Agora, Inc. (NASDAQ:API - Get Free Report) traded up 8.1% on Friday . The stock traded as high as $6.30 and last traded at $6.13. 518,173 shares changed hands during trading, a decline of 49% from the average session volume of 1,025,972 shares. The stock had previously closed at $5.67.

Analysts Set New Price Targets

Separately, Bank of America raised Agora from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $3.10 to $6.00 in a research note on Thursday, January 16th.

Agora Price Performance

The stock has a market cap of $544.90 million, a P/E ratio of -12.06, a price-to-earnings-growth ratio of 4.36 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. The firm has a 50-day moving average price of $4.99 and a 200-day moving average price of $3.89.

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 return on equity of 7.70% and a negative net margin of 33.74%. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. On average, analysts forecast that Agora, Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Agora

Large investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new position in shares of Agora during the 3rd quarter valued at $27,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Agora in the third quarter valued at about $28,000. Rhumbline Advisers lifted its holdings in Agora by 1,988.6% in the fourth 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. Jane Street Group LLC purchased a new position in Agora in the fourth quarter worth about $53,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Agora during the 4th quarter valued at about $69,000. 40.40% of the stock is currently owned by institutional investors.

Agora Company Profile

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.