It’s a good day to be an Owlet Inc. (OWLT) shareholder

In the latest session, Owlet Inc. (NYSE: OWLT) closed at $0.35 up 6.06% from its previous closing price of $0.33. In other words, the price has increased by $+0.0200 from its previous closing price. On the day, 854847 shares were traded. OWLT stock price reached its highest trading level at $0.4000 during the session, while it also had its lowest trading level at $0.3410.

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For a deeper understanding of Owlet Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 3.86 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on October 05, 2021, Downgraded its rating to Neutral and sets its target price to $5.50 from $8.50 previously.

On September 08, 2021, BofA Securities started tracking the stock assigning a Buy rating and target price of $8.50.

On August 05, 2021, Citigroup started tracking the stock assigning a Neutral rating and target price of $11.Citigroup initiated its Neutral rating on August 05, 2021, with a $11 target price.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.80 while its Price-to-Book (P/B) ratio in mrq is 8.75.

Stock Price History:

Over the past 52 weeks, OWLT has reached a high of $5.35, while it has fallen to a 52-week low of $0.30. The 50-Day Moving Average of the stock is 0.4445, while the 200-Day Moving Average is calculated to be 1.2736.

Shares Statistics:

For the past three months, OWLT has traded an average of 892.93K shares per day and 1M over the past ten days. A total of 111.78M shares are outstanding, with a floating share count of 101.08M. Insiders hold about 3.30% of the company’s shares, while institutions hold 40.70% stake in the company. Shares short for OWLT as of Jan 12, 2023 were 977.02k with a Short Ratio of 2.13M, compared to 988.3k on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.85% and a Short% of Float of 1.19%.

Earnings Estimates

There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.18, while EPS last year was -$0.29. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.08 and low estimates of -$0.14.

Analysts are recommending an EPS of between -$0.62 and -$0.68 for the fiscal current year, implying an average EPS of -$0.65. EPS for the following year is -$0.25, with 3 analysts recommending between -$0.08 and -$0.47.

Revenue Estimates

A total of 3 analysts have provided revenue estimates for OWLT’s current fiscal year. The highest revenue estimate was $72M, while the lowest revenue estimate was $69.04M, resulting in an average revenue estimate of $70.76M. In the same quarter a year ago, actual revenue was $75.8M, down -6.60% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $80.73M in the next fiscal year. The high estimate is $82.12M and the low estimate is $78M. The average revenue growth estimate for next year is up 14.10% from the average revenue estimate for this year.