Owlet Inc. (NYSE:OWLT) went down by -2.21% from its latest closing price compared to the recent 1-year high of $11.56. The company’s stock price has collected -3.16% of loss in the last five trading sessions. Press Release reported 14 hours ago that OWLET INVESTIGATION: Block & Leviton Is Investigating Owlet, Inc. For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm
Is It Worth Investing in Owlet Inc. (NYSE :OWLT) Right Now?
Opinions of the stock are interesting as 1 analysts out of 3 who provided ratings for Owlet Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $8.17. OWLT currently public float of 6.69M and currently shorts hold a 7.38% ratio of that float. Today, the average trading volume of OWLT was 625.60K shares.
OWLT’s Market Performance
OWLT stocks went down by -3.16% for the week, with a monthly drop of -28.80% and a quarterly performance of -52.16%. The volatility ratio for the week stands at 7.37% while the volatility levels for the past 30 days are set at 8.91% for Owlet Inc.. The simple moving average for the period of the last 20 days is -23.05% for OWLT stocks with a simple moving average of -56.83% for the last 200 days.
Analysts’ Opinion of OWLT
Many brokerage firms have already submitted their reports for OWLT stocks, with BofA Securities repeating the rating for OWLT by listing it as a “Neutral.” The predicted price for OWLT in the upcoming period, according to BofA Securities is $5.50 based on the research report published on October 05th of the current year 2021.
BofA Securities, on the other hand, stated in their research note that they expect to see OWLT reach a price target of $8.50. The rating they have provided for OWLT stocks is “Buy” according to the report published on September 08th, 2021.
Citigroup gave a rating of “Neutral” to OWLT, setting the target price at $11 in the report published on August 05th of the current year.
OWLT Trading at -42.57% from the 50-Day Moving Average
After a stumble in the market that brought OWLT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.57% of loss for the given period.
Volatility was left at 8.91%, however, over the last 30 days, the volatility rate increased by 7.37%, as shares sank -26.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -59.80% lower at present.
During the last 5 trading sessions, OWLT fell by -3.16%, which changed the moving average for the period of 200-days by -60.44% in comparison to the 20-day moving average, which settled at $5.10. In addition, Owlet Inc. saw -60.87% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OWLT
Equity return is now at value -7.50, with -6.60 for asset returns.