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NASDAQ:API

Agora (API) Stock Price, News & Analysis

$2.48
-0.03 (-1.20%)
(As of 05/29/2024 ET)
Today's Range
$2.44
$2.53
50-Day Range
$2.36
$2.95
52-Week Range
$2.32
$3.50
Volume
120,568 shs
Average Volume
222,023 shs
Market Capitalization
$228.66 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.20

Agora MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
29.0% Upside
$3.20 Price Target
Short Interest
Healthy
2.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.03mentions of Agora in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.23) to ($0.17) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.90 out of 5 stars

Business Services Sector

217th out of 310 stocks

Prepackaged Software Industry

152nd out of 201 stocks

API stock logo

About Agora Stock (NASDAQ:API)

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. It also provides video and voice calling, interactive live and broadcast streaming, chat, signaling, and interactive whiteboard products; and extensions, such as analytics, recording, AI noise suppression, 3D spatial audio, real-time transcription, and extensions marketplace. In addition, the company offers Application Platforms, including Flexible Classroom, a low-code application Platform as a Service, which combines video, voice, chat, signaling, whiteboard and recording functionalities into an integrated cloud-based solution for education providers; and App Builder, a no-code application platform, designed for developers with little or no coding experience to build their own applications with video conference and live streaming functionalities. It operates through Agora and Shengwang brands. Agora, Inc. was incorporated in 2013 and is headquartered in Santa Clara, California.

API Stock Price History

API Stock News Headlines

Agora, Inc. (API)
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Company Calendar

Last Earnings
5/22/2024
Today
5/29/2024
Next Earnings (Estimated)
8/19/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:API
Fax
N/A
Employees
1,001
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.20
High Stock Price Target
$3.20
Low Stock Price Target
$3.20
Potential Upside/Downside
+29.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-87,220,000.00
Pretax Margin
-57.87%

Debt

Sales & Book Value

Annual Sales
$141.54 million
Book Value
$6.46 per share

Miscellaneous

Free Float
N/A
Market Cap
$227.73 million
Optionable
Not Optionable
Beta
0.02
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Key Executives

  • Mr. Bin Zhao (Age 53)
    Co-Founder, CEO & Chairman
  • Mr. Tony Wang
    Co-Founder & Chief Revenue Officer
  • Mr. Jingbo Wang (Age 42)
    Chief Financial Officer
  • Mr. Sheng Zhong (Age 57)
    Chief Scientist, CTO & Director
  • Andrew Thompson
    Vice President of Sales
  • Ms. Carrie Brandt
    Senior Director of People
  • Mr. Roger Hale (Age 55)
    Chief Security Officer

API Stock Analysis - Frequently Asked Questions

Should I buy or sell Agora stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agora in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" API shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in API, but not buy additional shares or sell existing shares.
View API analyst ratings
or view top-rated stocks.

What is Agora's stock price target for 2024?

1 brokerages have issued 12 month price objectives for Agora's shares. Their API share price targets range from $3.20 to $3.20. On average, they anticipate the company's share price to reach $3.20 in the next twelve months. This suggests a possible upside of 29.0% from the stock's current price.
View analysts price targets for API
or view top-rated stocks among Wall Street analysts.

How have API shares performed in 2024?

Agora's stock was trading at $2.63 at the beginning of 2024. Since then, API shares have decreased by 5.7% and is now trading at $2.48.
View the best growth stocks for 2024 here
.

Are investors shorting Agora?

Agora saw a decline in short interest in May. As of May 15th, there was short interest totaling 1,640,000 shares, a decline of 13.7% from the April 30th total of 1,900,000 shares. Based on an average daily volume of 183,600 shares, the short-interest ratio is currently 8.9 days. Currently, 2.3% of the company's shares are sold short.
View Agora's Short Interest
.

When is Agora's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 19th 2024.
View our API earnings forecast
.

How were Agora's earnings last quarter?

Agora, Inc. (NASDAQ:API) released its quarterly earnings data on Wednesday, May, 22nd. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.01. The business had revenue of $33.02 million for the quarter, compared to analyst estimates of $32.93 million. Agora had a negative net margin of 57.83% and a negative trailing twelve-month return on equity of 13.09%. During the same quarter last year, the company posted ($0.16) earnings per share.

What guidance has Agora issued on next quarter's earnings?

Agora issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $34.0 million-$36.0 million, compared to the consensus revenue estimate of $40.0 million.

What is Rick Kurtz's approval rating as Agora's CEO?

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.

What other stocks do shareholders of Agora own?

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

When did Agora IPO?

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

Who are Agora's major shareholders?

Agora's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.58%), GGV Capital LLC (2.16%), Acadian Asset Management LLC (0.06%) and Concourse Financial Group Securities Inc. (0.00%).
View institutional ownership trends
.

How do I buy shares of Agora?

Shares of API stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:API) was last updated on 5/29/2024 by MarketBeat.com Staff

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