Agora (NASDAQ:API) Issues Earnings Results

Agora (NASDAQ:API) announced its earnings results on Tuesday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports. The business had revenue of $38.16 million during the quarter. Agora had a net margin of 3.47% and a return on equity of 0.84%.

Agora Stock Performance

NASDAQ:API opened at $4.68 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.34 and a current ratio of 4.34. The stock has a 50-day simple moving average of $4.37 and a two-hundred day simple moving average of $3.90. The firm has a market capitalization of $436.78 million, a PE ratio of 117.03, a P/E/G ratio of 0.86 and a beta of 0.60. Agora has a 52-week low of $2.53 and a 52-week high of $5.78.

Hedge Funds Weigh In On Agora

Several large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its position in shares of Agora by 213.0% in the second quarter. Marshall Wace LLP now owns 460,210 shares of the company’s stock worth $1,753,000 after purchasing an additional 313,175 shares during the period. New York State Common Retirement Fund boosted its holdings in Agora by 78.6% in the 4th quarter. New York State Common Retirement Fund now owns 27,223 shares of the company’s stock worth $111,000 after buying an additional 11,980 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in Agora in the 4th quarter worth $85,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on API shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Agora in a research report on Wednesday, January 21st. Wall Street Zen upgraded Agora from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Agora currently has a consensus rating of “Sell”.

About Agora

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.