Oblong Inc (NASDAQ: OBLG)’s stock price has decreased by -7.90 compared to its previous closing price of 0.12. However, the company has seen a -14.00% decrease in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-20 that Oblong (NASDAQ: OBLG ) stock is heading higher on Wednesday morning after the video stream management company released its Q4 2023 earnings report. That earnings report includes revenue of $944 alongside a net loss of $1.22 million.
Is It Worth Investing in Oblong Inc (NASDAQ: OBLG) Right Now?
Moreover, the 36-month beta value for OBLG is 2.98. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OBLG is 16.55M and currently, short sellers hold a 1.81% of that float. On April 25, 2024, OBLG’s average trading volume was 2.52M shares.
OBLG’s Market Performance
OBLG’s stock has seen a -14.00% decrease for the week, with a -15.77% drop in the past month and a -34.32% fall in the past quarter. The volatility ratio for the week is 7.84%, and the volatility levels for the past 30 days are at 8.98% for Oblong Inc The simple moving average for the past 20 days is -16.42% for OBLG’s stock, with a -71.19% simple moving average for the past 200 days.
OBLG Trading at -25.16% from the 50-Day Moving Average
After a stumble in the market that brought OBLG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.67% of loss for the given period.
Volatility was left at 8.98%, however, over the last 30 days, the volatility rate increased by 7.84%, as shares sank -22.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.94% lower at present.
During the last 5 trading sessions, OBLG fell by -14.58%, which changed the moving average for the period of 200-days by -91.63% in comparison to the 20-day moving average, which settled at $0.1304. In addition, Oblong Inc saw -44.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OBLG starting from ADELMAN JASON T, who sale 52,191 shares at the price of $0.18 back on Oct 24 ’23. After this action, ADELMAN JASON T now owns 0 shares of Oblong Inc, valued at $9,655 using the latest closing price.
Meredith Deborah Jean, the Director of Oblong Inc, sale 7,373 shares at $1.42 during a trade that took place back on Jun 16 ’23, which means that Meredith Deborah Jean is holding 0 shares at $10,504 based on the most recent closing price.
Stock Fundamentals for OBLG
Current profitability levels for the company are sitting at:
- -1.11 for the present operating margin
- 0.22 for the gross margin
The net margin for Oblong Inc stands at -1.15. The total capital return value is set at -0.77. Equity return is now at value -96.16, with -69.66 for asset returns.
Based on Oblong Inc (OBLG), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -176.06. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -151.25.
Currently, EBITDA for the company is -4.29 million with net debt to EBITDA at 1.45. When we switch over and look at the enterprise to sales, we see a ratio of -0.95. The receivables turnover for the company is 8.99for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.93.
Conclusion
To wrap up, the performance of Oblong Inc (OBLG) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
