Agora (NASDAQ:API) Sees Large Volume Increase – Should You Buy?

Agora, Inc. (NASDAQ:API) shares saw strong trading volume on Wednesday . 1,366,792 shares were traded during mid-day trading, an increase of 27% from the previous session’s volume of 1,079,501 shares.The stock last traded at $6.42 and had previously closed at $5.91.

Analyst Upgrades and Downgrades

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

Agora Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 6.15 and a quick ratio of 6.15. The company has a fifty day moving average of $5.02 and a 200 day moving average of $3.91. The firm has a market capitalization of $624.19 million, a P/E ratio of -13.82, a PEG ratio of 4.36 and a beta of 0.38.

Agora (NASDAQ:API) last posted its quarterly 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 last year, the firm earned ($0.23) earnings per share. Sell-side analysts predict that Agora, Inc. will post -0.4 earnings per share for the current year.

Institutional Investors Weigh In On Agora

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GF Fund Management CO. LTD. purchased a new position in Agora during the 4th quarter worth $395,000. Public Employees Retirement System of Ohio raised its stake in Agora by 2,792.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 35,432 shares of the company’s stock valued at $147,000 after acquiring an additional 34,207 shares during the period. Squarepoint Ops LLC bought a new position in Agora in the 4th quarter worth approximately $71,000. Two Sigma Investments LP grew its position in shares of Agora by 7.7% in the fourth quarter. Two Sigma Investments LP now owns 58,631 shares of the company’s stock valued at $244,000 after purchasing an additional 4,207 shares in the last quarter. Finally, MY.Alpha Management HK Advisors Ltd bought a new stake in shares of Agora during the fourth quarter valued at about $3,057,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

About Agora

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.