Agora (API) Stock Forecast, Price & News

1 Wall Street equities research 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 equities research 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.

1 brokers have issued 1-year price objectives for Agora's stock. Their API share price forecasts range from $3.20 to $5.40. On average, they predict the company's share price to reach $4.30 in the next twelve months. This suggests a possible upside of 70.0% 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 35.3% and is now trading at $2.53.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 20th 2023.
View our API earnings forecast.

Agora, Inc. (NASDAQ:API) issued its quarterly earnings data on Monday, August, 21st. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.34. The firm had revenue of $34.04 million for the quarter, compared to analysts' expectations of $34.34 million. Agora had a negative net margin of 82.36% and a negative trailing twelve-month return on equity of 17.59%. During the same quarter in the prior year, the business posted ($0.27) EPS.

Harbor Disruptive Innovation ETF holds 113,309 shares of API stock, representing 1.13% of its portfolio.

Agora updated its third quarter 2023 earnings guidance on Wednesday, August, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $34.50 million-$36.50 million, compared to the consensus revenue estimate of $40.17 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 Intel (INTC), RTX (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 (IPO) on Friday, June 26th 2020. The company issued 17,500,000 shares at $16.00-$18.00 per share. Morgan Stanley and BofA Securities acted 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 $2.53.

Agora (NASDAQ:API) has a market capitalization of $271.95 million and generates $160.67 million in revenue each year. The company earns $-120,380,000.00 in net income (profit) each year or ($1.18) on an earnings per share basis.

The company employs 1,001 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.