Financial Health Check: Examining Oblong Inc (OBLG)’s Key Ratios

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Oblong Inc (NASDAQ: OBLG) closed the day trading at $0.21 down -18.42% from the previous closing price of $0.26. In other words, the price has decreased by -$18.42 from its previous closing price. On the day, 4.8 million shares were traded. OBLG stock price reached its highest trading level at $0.279 during the session, while it also had its lowest trading level at $0.1959.


For a better understanding of OBLG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.90 and its Current Ratio is at 3.98. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 24 ’23 when ADELMAN JASON T sold 52,191 shares for $0.18 per share. The transaction valued at 9,655 led to the insider holds 0 shares of the business.

Meredith Deborah Jean sold 7,373 shares of OBLG for $10,504 on Jun 16 ’23. The Director now owns 0 shares after completing the transaction at $1.42 per share. On Jun 15 ’23, another insider, Meredith Deborah Jean, who serves as the Director of the company, sold 3,671 shares for $1.51 each. As a result, the insider received 5,530 and left with 7,673 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OBLG now has a Market Capitalization of 5128725 and an Enterprise Value of -1055167. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at -0.311 whereas that against EBITDA is 0.247.

Stock Price History:

Over the past 52 weeks, OBLG has reached a high of $1.77, while it has fallen to a 52-week low of $0.10. The 50-Day Moving Average of the stock is 36.57%, while the 200-Day Moving Average is calculated to be -8.78%.

Shares Statistics:

Over the past 3-months, OBLG traded about 7.62M shares per day on average, while over the past 10 days, OBLG traded about 25044190 shares per day. A total of 20.29M shares are outstanding, with a floating share count of 20.20M. Insiders hold about 0.44% of the company’s shares, while institutions hold 2.15% stake in the company. Shares short for OBLG as of 1715731200 were 252731 with a Short Ratio of 0.03, compared to 1713139200 on 299090. Therefore, it implies a Short% of Shares Outstanding of 252731 and a Short% of Float of 1.25.

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