Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $4.87 in the prior trading day, Olo Inc (NYSE: OLO) closed at $4.69, down -3.70%. In other words, the price has decreased by -$3.70 from its previous closing price. On the day, 0.71 million shares were traded. OLO stock price reached its highest trading level at $4.87 during the session, while it also had its lowest trading level at $4.69.
Ratios:
Our goal is to gain a better understanding of OLO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.78 and its Current Ratio is at 5.78. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 this company, Lake Street on December 15, 2023, initiated with a Buy rating and assigned the stock a target price of $7.50.
Piper Sandler Upgraded its Neutral to Overweight on July 20, 2023, while the target price for the stock was maintained at $9.
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 Mar 06 ’24 when Benevides Peter J. sold 18,885 shares for $5.60 per share. The transaction valued at 105,671 led to the insider holds 435,192 shares of the business.
Glass Noah H. sold 16,571 shares of OLO for $92,718 on Mar 06 ’24. The CEO now owns 332,971 shares after completing the transaction at $5.60 per share. On Mar 06 ’24, another insider, Panama Diego, who serves as the Chief Revenue Officer of the company, sold 13,252 shares for $5.59 each. As a result, the insider received 74,109 and left with 632,806 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, OLO now has a Market Capitalization of 755296384 and an Enterprise Value of 413571712. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.31 while its Price-to-Book (P/B) ratio in mrq is 1.18. Its current Enterprise Value per Revenue stands at 1.812 whereas that against EBITDA is -9.787.
Stock Price History:
Over the past 52 weeks, OLO has reached a high of $8.84, while it has fallen to a 52-week low of $4.25. The 50-Day Moving Average of the stock is -10.83%, while the 200-Day Moving Average is calculated to be -17.48%.
Shares Statistics:
The stock has traded on average 961.76K shares per day over the past 3-months and 908080 shares per day over the last 10 days, according to various share statistics. A total of 108.47M shares are outstanding, with a floating share count of 101.02M. Insiders hold about 37.27% of the company’s shares, while institutions hold 57.92% stake in the company. Shares short for OLO as of 1713139200 were 2810670 with a Short Ratio of 2.92, compared to 1710460800 on 3332880. Therefore, it implies a Short% of Shares Outstanding of 2810670 and a Short% of Float of 4.1100003.
