Agora Target of Unusually High Options Trading (NASDAQ:API)

view original post

Agora, Inc. (NASDAQ:APIGet Rating) was the target of some unusual options trading on Tuesday. Investors bought 8,386 call options on the stock. This represents an increase of 4,892% compared to the average volume of 168 call options.

Agora Stock Performance

Shares of API opened at $4.09 on Wednesday. Agora has a 52-week low of $3.71 and a 52-week high of $29.34. The business’s 50 day moving average price is $4.63 and its two-hundred day moving average price is $6.60. The firm has a market cap of $433.01 million, a PE ratio of -4.60 and a beta of 0.02.

Agora (NASDAQ:APIGet Rating) last issued its earnings results on Monday, August 15th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). Agora had a negative return on equity of 11.80% and a negative net margin of 60.54%. During the same period last year, the business earned ($0.14) EPS. Research analysts predict that Agora will post -0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Northern Trust Corp grew its stake in shares of Agora by 23.9% during the 4th quarter. Northern Trust Corp now owns 105,540 shares of the company’s stock worth $1,711,000 after acquiring an additional 20,328 shares during the period. Pictet Asset Management SA raised its holdings in shares of Agora by 38.9% during the 4th quarter. Pictet Asset Management SA now owns 64,600 shares of the company’s stock valued at $1,047,000 after buying an additional 18,100 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Agora during the 4th quarter valued at about $430,000. JPMorgan Chase & Co. raised its holdings in shares of Agora by 158.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,903,540 shares of the company’s stock valued at $47,066,000 after buying an additional 1,779,086 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Agora during the 4th quarter worth approximately $9,551,000. Institutional investors own 43.63% of the company’s stock.

Agora Company Profile

(Get Rating)

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 RTE-PaaS offers developers with software tools to embed real-time video, voice, and messaging functionalities into applications. Its products include video calling, voice calling, interactive live streaming, chat, signaling.

Further Reading

Receive News & Ratings for Agora Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Agora and related companies with MarketBeat.com’s FREE daily email newsletter.