Agora (NASDAQ:API) Sets New 1-Year High – What’s Next?

Agora, Inc. (NASDAQ:API) shares hit a new 52-week high on Thursday . The stock traded as high as $6.99 and last traded at $6.51, with a volume of 3572715 shares changing hands. The stock had previously closed at $5.91.

Wall Street Analyst Weigh In

Separately, Bank of America raised shares of Agora from a “neutral” rating to a “buy” rating and raised their price target for the company from $3.10 to $6.00 in a research report on Thursday, January 16th.

Agora Stock Performance

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 market cap of $600.22 million, a P/E ratio of -13.29, a P/E/G ratio of 4.36 and a beta of 0.38. The business’s 50-day simple moving average is $5.06 and its 200 day simple moving average is $3.93.

Agora (NASDAQ:API) last posted its earnings results 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 in the prior year, the company posted ($0.23) earnings per share. As a group, equities analysts predict that Agora, Inc. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GF Fund Management CO. LTD. purchased a new position in shares of Agora during the 4th quarter worth $395,000. Public Employees Retirement System of Ohio boosted its stake in shares of Agora by 2,792.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 35,432 shares of the company’s stock worth $147,000 after acquiring an additional 34,207 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Agora during the 4th quarter worth $71,000. Two Sigma Investments LP boosted its stake in shares of Agora by 7.7% during the 4th 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 during the last quarter. Finally, MY.Alpha Management HK Advisors Ltd purchased a new position in shares of Agora during the 4th quarter valued at $3,057,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

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.