Agora (NASDAQ:API) Shares Down 0.7%

Agora, Inc. (NASDAQ:APIGet Free Report) shares were down 0.7% on Monday . The company traded as low as $2.79 and last traded at $2.85. Approximately 116,425 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 330,153 shares. The stock had previously closed at $2.87.

Agora Price Performance

The stock’s fifty day simple moving average is $2.68 and its 200-day simple moving average is $2.77. The company has a market capitalization of $306.34 million, a P/E ratio of -2.46 and a beta of 0.04.

Agora (NASDAQ:APIGet Free Report) last released its quarterly earnings results on Tuesday, November 21st. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.13). Agora had a negative net margin of 82.18% and a negative return on equity of 17.88%. The firm had revenue of $35.02 million for the quarter, compared to the consensus estimate of $35.46 million. On average, research analysts predict that Agora, Inc. will post -0.93 earnings per share for the current year.

Institutional Investors Weigh In On Agora

Hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its position in Agora by 25.9% in the third quarter. Harbor Capital Advisors Inc. now owns 510,818 shares of the company’s stock worth $1,292,000 after purchasing an additional 105,240 shares in the last quarter. Genus Capital Management Inc. acquired a new position in Agora in the second quarter worth about $40,000. Allspring Global Investments Holdings LLC raised its position in Agora by 1.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,038,178 shares of the company’s stock worth $9,509,000 after purchasing an additional 35,000 shares in the last quarter. Virtu Financial LLC acquired a new position in Agora in the second quarter worth about $88,000. Finally, UBS Group AG raised its position in Agora by 143,991.2% in the third quarter. UBS Group AG now owns 48,991 shares of the company’s stock worth $124,000 after purchasing an additional 48,957 shares in the last quarter. Institutional investors own 27.74% of the company’s stock.

Agora Company Profile

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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.

Further Reading

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