Agora (NASDAQ:API) Stock Price Down 4.8% - Should You Sell?

Agora, Inc. (NASDAQ:API) experienced a decline of 4.8% in its stock price during trading on Friday. The shares dipped to a low of $6.15, and the last transaction was also at $6.15. During the trading day, 1,326,448 shares exchanged hands, marking a 31% increase compared to the average volume of 1,012,889 shares. The stock closed at $6.46 on the previous day.

Analysts Set New Price Targets

In a notable update, Bank of America upgraded Agora from a "neutral" rating to a "buy" rating, while also increasing their target price from $3.10 to $6.00 in a report dated Thursday, January 16th.

View Our Latest Stock Analysis on Agora

Agora Stock Down 7.1%

Currently, Agora holds a quick ratio of 6.15 and a current ratio also at 6.15, indicating a strong liquidity position. The debt-to-equity ratio stands at a low 0.06. In terms of price performance, the fifty-day simple moving average is $4.91, while the two-hundred-day simple moving average is $3.70. Agora has a market capitalization of $553.20 million, with a price-to-earnings (P/E) ratio of -12.24 and a P/E to growth (P/E/G) ratio of 4.34. Its beta is 0.38, suggesting lower volatility compared to the market.

Agora reported its latest earnings results on Monday, November 25th. The company disclosed an earnings per share (EPS) of ($0.26) for the quarter. Agora's return on equity was negative at -7.70%, and it reported a negative net margin of 33.74%. Comparatively, the company had earned ($0.23) in EPS during the same quarter of the previous year. Analysts predict that Agora, Inc. will post EPS of -0.4 for the ongoing fiscal year.

Institutional Inflows and Outflows

Recent activity among institutional investors shows modifications in their holdings of Agora's stock. Quadrature Capital Ltd acquired a new stake valued at $27,000 in the third quarter, while Connor Clark & Lunn Investment Management Ltd. purchased shares worth $28,000 during the same period. Rhumbline Advisers significantly increased its holdings by 1,988.6% in the fourth quarter, now owning 7,310 shares valued at $30,000 after acquiring an additional 6,960 shares. EntryPoint Capital LLC also obtained a new position valued at $69,000, and XTX Topco Ltd bought shares worth $73,000. Currently, institutional investors own approximately 40.40% of Agora's stock.

Agora Company Profile

Agora, Inc. operates in the real-time engagement technology sector, serving markets in the People's Republic of China, the United States, and internationally. The company provides a real-time engagement platform-as-a-service, offering developers application programming interfaces (APIs) to seamlessly integrate real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence features into their applications.

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This report was produced to provide timely insights based on market data. Watch for updates in Agora's stock performance.

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Market analysts continuously track the performance of various stocks and may have identified investment opportunities that could yield better returns than Agora.

It’s wise to examine alternatives that analysts are currently recommending.

Should You Invest $1,000 in Agora Right Now?

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Agora, Stock, Investment