Agora (NASDAQ:API) Trading Down 3.2% - Should You Sell?

Key Points

• Shares fell 3.2% — Agora (NASDAQ:API) dropped to about $3.98 on Thursday (intraday low $3.92) with volume ~24% above its average session level.
• Analyst views are mixed but skew negative: the MarketBeat consensus is "Reduce" (one Hold, one Sell) despite a Wall Street Zen upgrade to Buy and a Zacks downgrade to Hold.
• Key fundamentals: market cap ≈ $347.5M and P/E 44.23; last quarter EPS $0.05 on $38.16M revenue, with low leverage (debt/equity 0.14), high liquidity (current/quick ratio 4.58) and ~40% institutional ownership.

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report)'s stock price fell 3.2% on Thursday . The company traded as low as $3.92 and last traded at $3.98. 366,755 shares were traded during trading, an increase of 24% from the average session volume of 296,444 shares. The stock had previously closed at $4.11.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on API. Zacks Research cut shares of Agora from a "strong-buy" rating to a "hold" rating in a report on Monday, March 9th. Wall Street Zen upgraded shares of Agora from a "hold" rating to a "buy" rating in a report on Saturday, April 4th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Agora in a report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce".

Agora Stock Down 3.2%

The business's 50 day moving average is $3.86 and its 200 day moving average is $3.94. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.58 and a current ratio of 4.58. The stock has a market cap of $347.53 million, a price-to-earnings ratio of 44.23 and a beta of 0.73.

Agora (NASDAQ:API - Get Free Report) last issued its earnings results on Tuesday, March 3rd. The company reported $0.05 earnings per share for the quarter. The company had revenue of $38.16 million for the quarter. Agora had a return on equity of 1.68% and a net margin of 6.75%. Equities analysts expect that Agora, Inc. Sponsored ADR will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On Agora

Several institutional investors and hedge funds have recently modified their holdings of API. New York State Common Retirement Fund purchased a new position in Agora in the third quarter valued at about $58,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Agora during the 4th quarter valued at about $85,000. Finally, Marshall Wace LLP lifted its holdings in shares of Agora by 213.0% during the 2nd quarter. Marshall Wace LLP now owns 460,210 shares of the company's stock valued at $1,753,000 after buying an additional 313,175 shares during the last quarter. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

Agora Company Profile

Agora, Inc operates a Real-Time Engagement (RTE) platform that enables developers to embed voice, video and interactive broadcasting capabilities into mobile and web applications. By providing a suite of software development kits (SDKs) and application programming interfaces (APIs), the company delivers low-latency audio and video streaming, real-time messaging and live interactive streaming services. Its platform is designed to support high-quality interactions across various network environments, making it suitable for use cases in social media, online gaming, distance learning, telehealth and enterprise communication.

The company's core offerings include voice and video calling SDKs, interactive broadcast SDKs for one-to-many streaming, real-time messaging services and data stream APIs for synchronized data exchange.

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