Agora, Inc. (API, Financial) experienced a significant drop in its stock price, falling by 5.12%. The current share price stands at $2.69, with a trading volume of 323,711 shares and a turnover rate of 0.35%. The stock's price fluctuation reached 5.92% during this period.
Recent financial reports reveal that Agora's revenue was $34.21 million, with a net loss of $9.24 million, leading to an earnings per share of -$0.10. The gross profit was at $21.23 million, and the price-to-earnings ratio was -5.61. Rating agencies showed a consensus of 'hold' with no recommendations for buying or selling.
The software service sector, where Agora operates, faced an overall decline of 0.97%. Notably, related stocks such as Zapata Computing Holdings Inc and Wag Group Co showed significant gains. Meanwhile, Cemtrex Inc., Zapata Computing Holdings Inc., and Phunware, Inc. were more active, with exceptionally high turnover rates.
Agora, based in Shanghai, provides real-time communication solutions, including video and voice calls, audio and video streaming, recording, and messaging, mainly serving the gaming, retail, and education sectors. The company has operations in China and the United States, with most of its revenue generated from China.
