Agora - API Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agora in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" API shares.
View API analyst ratings or view top-rated stocks.

3 brokers have issued 12 month price targets for Agora's shares. Their API share price forecasts range from $5.40 to $12.50. On average, they expect the company's stock price to reach $9.48 in the next year. This suggests a possible upside of 161.7% from the stock's current price.
View analysts price targets for API or view top-rated stocks among Wall Street analysts.

Agora's stock was trading at $3.91 on January 1st, 2023. Since then, API stock has decreased by 7.4% and is now trading at $3.62.
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Agora saw a increase in short interest in March. As of March 15th, there was short interest totaling 2,720,000 shares, an increase of 9.7% from the February 28th total of 2,480,000 shares. Based on an average daily trading volume, of 608,900 shares, the short-interest ratio is presently 4.5 days. Currently, 2.9% of the shares of the stock are sold short.
View Agora's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 22nd 2023.
View our API earnings forecast.

Agora, Inc. (NASDAQ:API) released its earnings results on Monday, November, 15th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.14) by $0.05. The firm had revenue of $45.04 million for the quarter, compared to analyst estimates of $40.64 million. Agora had a negative net margin of 74.92% and a negative trailing twelve-month return on equity of 15.34%. During the same quarter in the prior year, the business earned ($0.03) earnings per share.

ETFs with the largest weight of Agora (NASDAQ:API) stock in their portfolio include ProShares Metaverse ETF (VERS), iShares MSCI China Small-Cap ETF (ECNS), Invesco Golden Dragon China ETF (PGJ) and Emerging Markets Internet & Ecommerce ETF (EMQQ) and

Agora updated its FY 2023 earnings guidance on Monday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $155.00 million-$157.00 million, compared to the consensus revenue estimate of $166.50 million.

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.

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

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

Agora trades on the NASDAQ under the ticker symbol "API."

Shares of API stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of API stock can currently be purchased for approximately $3.62.

The company employs 1,311 workers across the globe.

Agora's mailing address is FL 8 BLDG 12 PHASE III OF KIC SONGHU ROAD 333 YANGPU DISTRICT, SHANGHAI F4, 200433. The official website for the company is www.agora.io. The company can be reached via phone at 86-40-0632-6626 or via email at investor@agora.io.