The 36-month beta value for OOMA is at 0.81. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for OOMA is 23.79M, and currently, shorts hold a 1.59% of that float. The average trading volume for OOMA on May 09, 2024 was 97.22K shares.
OOMA) stock’s latest price update
The stock of Ooma Inc (NYSE: OOMA) has increased by 8.28 when compared to last closing price of 6.88.Despite this, the company has seen a loss of -0.80% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-02 that Ooma (OOMA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
OOMA’s Market Performance
OOMA’s stock has fallen by -0.80% in the past week, with a monthly drop of -5.10% and a quarterly drop of -26.60%. The volatility ratio for the week is 5.69% while the volatility levels for the last 30 days are 5.00% for Ooma Inc The simple moving average for the last 20 days is 4.35% for OOMA’s stock, with a simple moving average of -32.55% for the last 200 days.
Analysts’ Opinion of OOMA
Many brokerage firms have already submitted their reports for OOMA stocks, with JMP Securities repeating the rating for OOMA by listing it as a “Mkt Outperform.” The predicted price for OOMA in the upcoming period, according to JMP Securities is $18 based on the research report published on August 24, 2023 of the previous year 2023.
Colliers Securities, on the other hand, stated in their research note that they expect to see OOMA reach a price target of $25. The rating they have provided for OOMA stocks is “Buy” according to the report published on February 02nd, 2022.
The Benchmark Company gave a rating of “Buy” to OOMA, setting the target price at $22 in the report published on July 22nd of the previous year.
OOMA Trading at -8.63% from the 50-Day Moving Average
After a stumble in the market that brought OOMA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.43% of loss for the given period.
Volatility was left at 5.00%, however, over the last 30 days, the volatility rate increased by 5.69%, as shares sank -1.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.67% lower at present.
During the last 5 trading sessions, OOMA fell by -0.80%, which changed the moving average for the period of 200-days by -48.01% in comparison to the 20-day moving average, which settled at $7.13. In addition, Ooma Inc saw -30.57% 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 OOMA starting from Sabharwal Namrata, who sale 8,044 shares at the price of $10.72 back on Dec 29 ’23. After this action, Sabharwal Namrata now owns 34,948 shares of Ooma Inc, valued at $86,236 using the latest closing price.
STANG ERIC B, the CEO and Pres. of Ooma Inc, purchase 5,000 shares at $10.08 during a trade that took place back on Dec 15 ’23, which means that STANG ERIC B is holding 393,125 shares at $50,400 based on the most recent closing price.
Stock Fundamentals for OOMA
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.62 for the gross margin
The net margin for Ooma Inc stands at -0.0. The total capital return value is set at -0.03. Equity return is now at value -1.18, with -0.58 for asset returns.
Based on Ooma Inc (OOMA), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 9.06.
Currently, EBITDA for the company is 7.24 million with net debt to EBITDA at 2.13. When we switch over and look at the enterprise to sales, we see a ratio of 0.9. The receivables turnover for the company is 19.53for trailing twelve months and the total asset turnover is 1.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
In conclusion, Ooma Inc (OOMA) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
