Should I buy or sell Agora stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Agora in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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 .

What is Agora's stock price target for 2024?

1 equities research analysts have issued 1-year target prices for Agora's shares. Their API share price targets range from $3.20 to $3.20. On average, they expect the company's share price to reach $3.20 in the next twelve months. This suggests a possible upside of 31.7% 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 start of the year. Since then, API stock has decreased by 7.6% and is now trading at $2.43. View the best growth stocks for 2024 here .

When is Agora's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024. View our API earnings forecast .

How were Agora's earnings last quarter?

Agora, Inc. (NASDAQ:API) posted its earnings results on Monday, February, 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.06. The business had revenue of $36.04 million for the quarter, compared to analyst estimates of $35.97 million. Agora had a negative net margin of 61.62% and a negative trailing twelve-month return on equity of 13.65%.

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

Agora issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $32.0 million-$34.0 million, compared to the consensus revenue estimate of $42.0 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) .

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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.58%). 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 .

NASDAQ:API

Agora (API) Stock Price, News & Analysis

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Free API Stock Alerts

$2.43

+0.02 (+0.83%)

(As of 04/18/2024 ET)

Compare

Today's Range: $2.40
▼
$2.46
50-Day Range: $2.36
▼
$3.27
52-Week Range: $2.32
▼
$3.62

Volume: 93,675 shs
Average Volume: 243,336 shs
Market Capitalization: $261.20 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.20

Get Agora alerts:

Agora MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 31.7% Upside
$3.20 Price Target
Short Interest: Bearish
2.65% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
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.

1.19 out of 5 stars

Business Services Sector

247th out of 293 stocks

Prepackaged Software Industry

165th out of 190 stocks

3.0

Analyst's Opinion

Consensus Rating
Agora has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Agora has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.65% of the float of Agora has been sold short.
Short Interest Ratio / Days to Cover
Agora has a short interest ratio ("days to cover") of 7.7.
Change versus previous month
Short interest in Agora has recently increased by 1.02%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Agora does not currently pay a dividend.
Dividend Growth
Agora does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for API.

0.6

News and Social Media Coverage

Search Interest
Only 3 people have searched for API on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
2 people have added Agora to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Agora insiders have not sold or bought any company stock.
Percentage Held by Insiders
14.60% of the stock of Agora is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
40.40% of the stock of Agora is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Agora are expected to grow in the coming year, from ($0.23) to ($0.17) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Agora is -2.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Agora is -2.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Agora has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Agora Stock (NASDAQ:API)

Agora, Inc. provides real-time engagement platform-as-a-service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. The company's RTE-PaaS offers developers with software tools to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence functionalities. Its products include video calling, voice calling, interactive live streaming, chat, and signaling; and extensions, which comprise interactive whiteboard, recording, 3D spatial audio, AI noise suppression, analytics, and extensions marketplace products to enable developers to launch RTE in specific use cases. The company also provides Flexible Classroom that offers a low-code application platform as a service; and App Builder, a no-code application platform. Its real-time engagement products are delivered through its software-defined real-time network, which is a virtual network overlay on top of the public internet. The company serves social, entertainment, gaming, education, enterprise solutions, e-commerce, financial services, healthcare, and IoT industries. Agora, Inc. was incorporated in 2013 and is based in Shanghai, the People's Republic of China.

API Stock Price History

30 days | 90 days | 365 days | Advanced Chart

API Stock News Headlines

April 11, 2024 | finanznachrichten.de

Agora, Inc.: Agora Partners with EZDRM To Bring Content Protection To Live Broadcasting

April 11, 2024 | prnewswire.com

Agora Partners with EZDRM To Bring Content Protection To Live Broadcasting

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April 10, 2024 | investorplace.com

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April 3, 2024 | finance.yahoo.com

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March 27, 2024 | investorplace.com

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March 19, 2024 | teletime.com.br

Claro recebe 3 milhões de requisições por mês em API de SIM swap

March 18, 2024 | finanznachrichten.de

Hong Kong Science and Technology Parks Corporation: HKSTP Unveils Top 74 Global Startups Confirmed for EPiC 2024 Grand Finale

March 14, 2024 | investorplace.com

Future Titans: 3 Tech Stocks Ready to Dominate the Next Decade

March 11, 2024 | msn.com

Manuel Alegre considera que derrota “é do PS, não é de Pedro Nuno Santos”

March 11, 2024 | msn.com

Google Maps e Waze vão ser mais especiais no Android!

March 7, 2024 | msn.com

Lei dos Mercados Digitais entra em vigor hoje (7); veja o que muda para Apple, Google e mais

March 1, 2024 | finance.yahoo.com

Agora, Inc. (NASDAQ:API) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

February 28, 2024 | finance.yahoo.com

Agora, Inc. (NASDAQ:API) Q4 2023 Earnings Call Transcript

February 28, 2024 | seekingalpha.com

News Wrap: Agora Posts First Non-GAAP Profit In More Than Three Years

February 28, 2024 | finance.yahoo.com

Agora Full Year 2023 Earnings: EPS Beats Expectations

February 27, 2024 | markets.businessinsider.com

Agora Inc.: Strong Buy Rating on Revenue Recovery and Strategic Market Positioning

February 26, 2024 | globenewswire.com

Agora, Inc. Reports Fourth Quarter and Fiscal Year 2023 Financial Results

February 22, 2024 | msn.com

MEO e GSMA assinam memorando para impulsionar serviços 5G

February 22, 2024 | msn.com

Liga Europa: onze provável do Sporting para o jogo com o Young Boys

December 13, 2023 | forbes.com.br

Google avança para próxima geração da IA com Gemini Pro

December 12, 2023 | seekingalpha.com

Agora COO Leaves, But No One Cares. Does That Point To Bigger Problems?

December 10, 2023 | msn.com

Chegou o Google Gemini: este é o modelo de IA mais avançado até hoje que promete ser melhor que o GPT-4

See More Headlines

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Company Calendar

Last Earnings: 2/26/2024
Today: 4/18/2024
Next Earnings (Estimated): 6/04/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:API
CUSIP: N/A
CIK: 1802883
Web: www.agora.io
Phone: 86-40-0632-6626
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: +31.7%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.87)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-87,220,000.00
Net Margins: -61.62%
Pretax Margin: -61.30%
Return on Equity: -13.65%
Return on Assets: -12.47%

Debt

Debt-to-Equity Ratio: 0.02
Current Ratio: 4.60
Quick Ratio: 4.00

Sales & Book Value

Annual Sales: $141.54 million
Price / Sales: 1.85
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $5.63 per share
Price / Book: 0.43

Miscellaneous

Outstanding Shares: 107,490,000
Free Float: 91,793,000
Market Cap: $261.20 million
Optionable: Not Optionable
Beta: 0.04

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Key Executives

Mr. Bin Zhao (Age 53)
Co-Founder, CEO & Chairman
Mr. Don E. Schultz
President
Mr. Tony Wang
Co-Founder & Chief Revenue Officer
Mr. Jingbo Wang (Age 42)
Chief Financial Officer
Mr. Ke Wei (Age 43)
Chief Operating Officer
Mr. Sheng Zhong (Age 58)
Chief Scientist, CTO & Director
Fionna Chen
Director of Investor Relations
Andrew Thompson
Vice President of Sales
Ms. Carrie Brandt
Senior Director of People
Mr. Edward Brakus
Senior Vice President of Product & Product Marketing

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

API Stock Analysis - Frequently Asked Questions

Should I buy or sell Agora stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Agora in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.
What is Agora's stock price target for 2024?: 1 equities research analysts have issued 1-year target prices for Agora's shares. Their API share price targets range from $3.20 to $3.20. On average, they expect the company's share price to reach $3.20 in the next twelve months. This suggests a possible upside of 31.7% 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 start of the year. Since then, API stock has decreased by 7.6% and is now trading at $2.43.
View the best growth stocks for 2024 here.
When is Agora's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024.
View our API earnings forecast.
How were Agora's earnings last quarter?: Agora, Inc. (NASDAQ:API) posted its earnings results on Monday, February, 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.06. The business had revenue of $36.04 million for the quarter, compared to analyst estimates of $35.97 million. Agora had a negative net margin of 61.62% and a negative trailing twelve-month return on equity of 13.65%.
What guidance has Agora issued on next quarter's earnings?: Agora issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $32.0 million-$34.0 million, compared to the consensus revenue estimate of $42.0 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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.58%).
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 4/19/2024 by MarketBeat.com Staff

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Agora (API) Stock Price, News & Analysis

Agora MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Agora Stock (NASDAQ:API)

API Stock Price History

API Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

API Stock Analysis - Frequently Asked Questions

Overall MarketRank^™