Agora (API) Scheduled to Post Earnings on Monday

Agora (NASDAQ:API) is scheduled to post its quarterly earnings results after the market closes on Monday, November 25th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Agora (NASDAQ:API) last announced its earnings results on Monday, August 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Agora had a negative return on equity of 7.32% and a negative net margin of 31.69%. The business had revenue of $34.21 million for the quarter, compared to analyst estimates of $34.46 million. During the same quarter in the previous year, the company earned ($0.45) EPS. On average, analysts expect Agora to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Agora Stock Up 4.8 %

NASDAQ API opened at $4.39 on Monday. The company has a 50 day moving average of $3.01 and a 200-day moving average of $2.61. Agora has a 1-year low of $1.65 and a 1-year high of $6.43. The company has a current ratio of 8.29, a quick ratio of 8.29 and a debt-to-equity ratio of 0.04. The company has a market cap of $404.76 million, a price-to-earnings ratio of -9.54 and a beta of -0.03.

Analysts Set New Price Targets

Separately, Bank of America cut Agora from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $4.00 to $2.63 in a research report on Tuesday, August 20th.

Agora Company Profile

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.