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Oblong Inc (NASDAQ: OBLG) closed the day trading at $0.13 down -0.23% from the previous closing price of $0.13. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 0.78 million shares were traded. OBLG stock price reached its highest trading level at $0.1389 during the session, while it also had its lowest trading level at $0.1251.
Ratios:
For a better understanding of OBLG, let’s look at its different ratios. 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:
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 2596697 and an Enterprise Value of -3837375. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at -1.007 whereas that against EBITDA is 0.895.
Stock Price History:
Over the past 52 weeks, OBLG has reached a high of $2.90, while it has fallen to a 52-week low of $0.11. The 50-Day Moving Average of the stock is -15.37%, while the 200-Day Moving Average is calculated to be -68.55%.
Shares Statistics:
Over the past 3-months, OBLG traded about 2.53M shares per day on average, while over the past 10 days, OBLG traded about 518510 shares per day. A total of 16.68M shares are outstanding, with a floating share count of 16.55M. Insiders hold about 0.79% of the company’s shares, while institutions hold 1.98% stake in the company. Shares short for OBLG as of 1711584000 were 969089 with a Short Ratio of 0.38, compared to 1709164800 on 35658. Therefore, it implies a Short% of Shares Outstanding of 969089 and a Short% of Float of 4.81.
Earnings Estimates
The current rating of Oblong Inc (OBLG) is the result of assessments by Oblong Inc. analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $1.61, with high estimates of $0.00 and low estimates of $10.15.
