Agora Sees Unusually High Options Volume (NASDAQ:API)

Posted by Defense World Staff on Feb 25th, 2023

Agora, Inc. (NASDAQ:API – Get Rating) was the target of unusually large options trading activity on Friday. Investors bought 5,437 put options on the company. This represents an increase of 6,078% compared to the average daily volume of 88 put options.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut their price objective on shares of Agora from $34.30 to $5.40 in a report on Friday, November 25th.

Agora Stock Performance

Agora stock opened at $3.78 on Friday. Agora has a 12 month low of $2.49 and a 12 month high of $12.50. The stock’s 50 day simple moving average is $4.14 and its two-hundred day simple moving average is $3.80.

Institutional Investors Weigh In On Agora

Several hedge funds have recently bought and sold shares of the stock. Trikon Asset Management Ltd acquired a new position in shares of Agora during the 2nd quarter worth approximately $2,285,000. OLD Mission Capital LLC acquired a new position in shares of Agora during the 2nd quarter worth approximately $435,000. Point72 Hong Kong Ltd acquired a new position in shares of Agora during the 2nd quarter worth approximately $2,138,000. Trexquant Investment LP raised its stake in Agora by 60.8% in the 2nd quarter. Trexquant Investment LP now owns 83,971 shares of the company’s stock valued at $552,000 after purchasing an additional 31,761 shares during the last quarter. Finally, Eschler Asset Management LLP raised its stake in Agora by 232.9% in the 2nd quarter. Eschler Asset Management LLP now owns 1,106,000 shares of the company’s stock valued at $7,266,000 after purchasing an additional 773,800 shares during the last quarter. Hedge funds and other institutional investors own 40.95% 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.

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