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MSFT   420.72 (-0.17%)
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NVDA   903.56 (+0.12%)
NIO   4.50 (-3.64%)
AMD   180.49 (+0.50%)
BABA   72.36 (+1.08%)
T   17.60 (+0.28%)
F   13.28 (+1.68%)
MU   117.89 (-1.14%)
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NASDAQ:API

Agora (API) Stock Price, News & Analysis

$2.51
0.00 (0.00%)
(As of 05:21 PM ET)
Today's Range
$2.49
$2.58
50-Day Range
$2.50
$3.27
52-Week Range
$2.37
$4.22
Volume
268,231 shs
Average Volume
271,356 shs
Market Capitalization
$269.80 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.20

Agora MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
27.5% Upside
$3.20 Price Target
Short Interest
Healthy
2.62% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of Agora in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.23) to ($0.17) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.83 out of 5 stars

Business Services Sector

173rd out of 311 stocks

Prepackaged Software Industry

130th out of 198 stocks

API stock logo

About Agora Stock (NASDAQ:API)

Agora, Inc. provides real-time engagement platform-as-a-service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. The company's RTE-PaaS offers developers with software tools to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence functionalities. Its products include video calling, voice calling, interactive live streaming, chat, and signaling; and extensions, which comprise interactive whiteboard, recording, 3D spatial audio, AI noise suppression, analytics, and extensions marketplace products to enable developers to launch RTE in specific use cases. The company also provides Flexible Classroom that offers a low-code application platform as a service; and App Builder, a no-code application platform. Its real-time engagement products are delivered through its software-defined real-time network, which is a virtual network overlay on top of the public internet. The company serves social, entertainment, gaming, education, enterprise solutions, e-commerce, financial services, healthcare, and IoT industries. Agora, Inc. was incorporated in 2013 and is based in Shanghai, the People's Republic of China.

API Stock Price History

API Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Short Interest in Agora, Inc. (NASDAQ:API) Decreases By 9.1%
Did You Get Your Free Bitcoin Yet?
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
Agora, Inc. (NASDAQ:API) Q4 2023 Earnings Call Transcript
Agora Full Year 2023 Earnings: EPS Beats Expectations
Agora, Inc. Announces Executive Leadership Update
Implied Volatility Surging for Agora (API) Stock Options
Agora, Inc. (NASDAQ:API) Q3 2023 Earnings Call Transcript
API Library
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Today
3/28/2024
Next Earnings (Estimated)
6/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:API
Fax
N/A
Employees
1,001
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.20
High Stock Price Target
$3.20
Low Stock Price Target
$3.20
Potential Upside/Downside
+25.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-87,220,000.00
Pretax Margin
-61.30%

Debt

Sales & Book Value

Annual Sales
$141.54 million
Book Value
$5.63 per share

Miscellaneous

Free Float
91,793,000
Market Cap
$274.10 million
Optionable
Not Optionable
Beta
0.04
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Key Executives

  • Mr. Bin Zhao (Age 53)
    Co-Founder, CEO & Chairman
  • Mr. Don E. Schultz
    President
  • Mr. Tony Wang
    Co-Founder & Chief Revenue Officer
  • Mr. Jingbo Wang (Age 42)
    Chief Financial Officer
  • Mr. Ke Wei (Age 43)
    Chief Operating Officer
  • Mr. Sheng Zhong (Age 58)
    Chief Scientist, CTO & Director
  • Fionna Chen
    Director of Investor Relations
  • Andrew Thompson
    Vice President of Sales
  • Ms. Carrie Brandt
    Senior Director of People
  • Mr. Edward Brakus
    Senior Vice President of Product & Product Marketing

API Stock Analysis - Frequently Asked Questions

Should I buy or sell Agora stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Agora in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" API shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in API, but not buy additional shares or sell existing shares.
View API analyst ratings
or view top-rated stocks.

What is Agora's stock price target for 2024?

1 brokerages have issued 12-month price objectives for Agora's stock. Their API share price targets range from $3.20 to $3.20. On average, they expect the company's stock price to reach $3.20 in the next twelve months. This suggests a possible upside of 27.5% from the stock's current price.
View analysts price targets for API
or view top-rated stocks among Wall Street analysts.

How have API shares performed in 2024?

Agora's stock was trading at $2.63 at the beginning of 2024. Since then, API shares have decreased by 4.6% and is now trading at $2.51.
View the best growth stocks for 2024 here
.

Are investors shorting Agora?

Agora saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 1,970,000 shares, a decline of 5.7% from the February 29th total of 2,090,000 shares. Based on an average daily volume of 264,600 shares, the short-interest ratio is presently 7.4 days. Currently, 2.6% of the shares of the stock are sold short.
View Agora's Short Interest
.

When is Agora's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024.
View our API earnings forecast
.

How were Agora's earnings last quarter?

Agora, Inc. (NASDAQ:API) announced its quarterly earnings data on Monday, February, 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.06. The company earned $36.04 million during the quarter, compared to analyst estimates of $35.97 million. Agora had a negative trailing twelve-month return on equity of 13.65% and a negative net margin of 61.62%.

What ETF holds Agora's stock?

Harbor Disruptive Innovation ETF holds 113,309 shares of API stock, representing 1.13% of its portfolio.

What guidance has Agora issued on next quarter's earnings?

Agora issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $32.0 million-$34.0 million, compared to the consensus revenue estimate of $42.0 million.

What is Rick Kurtz's approval rating as Agora's CEO?

3 employees have rated Agora Chief Executive Officer Rick Kurtz on Glassdoor.com. Rick Kurtz has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Agora own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Agora investors own include Intel (INTC), RTX (RTX), Alibaba Group (BABA), Pfizer (PFE), Broadcom (AVGO), Cisco Systems (CSCO), CVS Health (CVS), Walt Disney (DIS) and Home Depot (HD).

When did Agora IPO?

Agora (API) raised $298 million in an initial public offering on Friday, June 26th 2020. The company issued 17,500,000 shares at a price of $16.00-$18.00 per share. Morgan Stanley and BofA Securities served as the underwriters for the IPO and Neeham was co-manager.

Who are Agora's major shareholders?

Agora's stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.70%), Baader Bank Aktiengesellschaft (0.69%), HCEP Management Ltd (0.64%), Harbor Capital Advisors Inc. (0.39%), Coatue Management LLC (0.26%) and Tekne Capital Management LLC (0.17%).
View institutional ownership trends
.

How do I buy shares of Agora?

Shares of API stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:API) was last updated on 3/28/2024 by MarketBeat.com Staff

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