Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $4.22 and traded as low as $4.10. Agora shares last traded at $4.16, with a volume of 121,342 shares.
Wall Street Analyst Weigh In
API has been the topic of a number of recent analyst reports. Bank of America increased their price objective on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.80.
Get Our Latest Stock Report on Agora
Agora Stock Performance
The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $4.22 and a 200 day simple moving average of $4.16. The company has a market cap of $363.25 million, a price-to-earnings ratio of 37.82 and a beta of 0.88.
Agora (NASDAQ:API – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.22. The business had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. On average, sell-side analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Agora news, CEO Bin Zhao purchased 9,095 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was purchased at an average price of $4.38 per share, for a total transaction of $39,836.10. Following the purchase, the chief executive officer directly owned 2,253,406 shares in the company, valued at approximately $9,869,918.28. This trade represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have acquired 295,800 shares of company stock valued at $1,258,700.
Institutional Investors Weigh In On Agora
Several hedge funds have recently made changes to their positions in API. AXQ Capital LP acquired a new stake in shares of Agora during the second quarter worth about $55,000. Public Employees Retirement System of Ohio purchased a new position in shares of Agora during the second quarter worth about $101,000. Finally, Headlands Technologies LLC increased its position in Agora by 25.8% in the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after acquiring an additional 10,021 shares during the period. Institutional investors and hedge funds own 40.40% of the company’s stock.
About Agora
Agora, Inc (NASDAQ: API) is a technology company that provides real-time engagement software and infrastructure. Its platform enables developers and businesses to add voice, video, interactive live streaming, messaging, and other real-time communication features to websites and mobile applications.
The company offers software development kits and application programming interfaces for services such as real-time communications, interactive broadcasting, in-app chat, signaling, and related engagement tools.
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