Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Oblong Inc (NASDAQ: OBLG) was $0.12 for the day, down -1.71% from the previous closing price of $0.12. In other words, the price has decreased by -$1.71 from its previous closing price. On the day, 0.54 million shares were traded. OBLG stock price reached its highest trading level at $0.1219 during the session, while it also had its lowest trading level at $0.1111.
Ratios:
Our analysis of OBLG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.76 and its Current Ratio is at 4.93. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2365308 and an Enterprise Value of -4054274. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at -1.064 whereas that against EBITDA is 0.945.
Stock Price History:
Over the past 52 weeks, OBLG has reached a high of $2.33, while it has fallen to a 52-week low of $0.10. The 50-Day Moving Average of the stock is -17.02%, while the 200-Day Moving Average is calculated to be -66.23%.
Shares Statistics:
OBLG traded an average of 2.40M shares per day over the past three months and 519480 shares per day over the past ten days. A total of 16.68M shares are outstanding, with a floating share count of 16.61M. Insiders hold about 0.44% of the company’s shares, while institutions hold 1.98% stake in the company. Shares short for OBLG as of 1713139200 were 299090 with a Short Ratio of 0.12, compared to 1710460800 on 48540. Therefore, it implies a Short% of Shares Outstanding of 299090 and a Short% of Float of 1.49.
