The stock of Owlet Inc (OWLT) has gone up by 15.73% for the week, with a 18.12% rise in the past month and a 15.21% rise in the past quarter. The volatility ratio for the week is 7.54%, and the volatility levels for the past 30 days are 6.61% for OWLT. The simple moving average for the past 20 days is 14.96% for OWLT’s stock, with a 13.55% simple moving average for the past 200 days.
Is It Worth Investing in Owlet Inc (NYSE: OWLT) Right Now?
The stock has a 36-month beta value of 1.58. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for OWLT is 7.15M, and at present, short sellers hold a 4.53% of that float. On October 18, 2024, the average trading volume of OWLT was 33.40K shares.
OWLT) stock’s latest price update
Owlet Inc (NYSE: OWLT) has experienced a rise in its stock price by 8.19 compared to its previous closing price of 4.76. However, the company has seen a gain of 15.73% in its stock price over the last five trading days. businesswire.com reported 2024-10-10 that LEHI, Utah–(BUSINESS WIRE)–Owlet, Inc. (“Owlet” or the “Company”) (NYSE:OWLT), a pioneer of smart infant monitoring, today announced that it has received formal notice from the New York Stock Exchange (“NYSE”) that the Company has regained compliance with the NYSE’s continued listing standards. As previously disclosed, on April 4, 2023, Owlet was notified by the NYSE that the Company was not in compliance with Section 802.01B of the NYSE Listed Company Manual because its average global market.
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 05, 2021 of the previous 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 previous year.
OWLT Trading at 14.79% 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 -31.33% of loss for the given period.
Volatility was left at 6.61%, however, over the last 30 days, the volatility rate increased by 7.54%, as shares surge +15.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.00% upper at present.
During the last 5 trading sessions, OWLT rose by +15.73%, which changed the moving average for the period of 200-days by -10.43% in comparison to the 20-day moving average, which settled at $4.48. In addition, Owlet Inc saw -2.46% 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 OWLT starting from Workman Kurt, who sale 761 shares at the price of $4.56 back on Jun 17 ’24. After this action, Workman Kurt now owns 206,523 shares of Owlet Inc, valued at $3,470 using the latest closing price.
Scolnick Kathryn R., the Chief Financial Officer of Owlet Inc, sale 197 shares at $4.56 during a trade that took place back on Jun 17 ’24, which means that Scolnick Kathryn R. is holding 85,207 shares at $898 based on the most recent closing price.
Stock Fundamentals for OWLT
Current profitability levels for the company are sitting at:
- -0.29 for the present operating margin
- 0.46 for the gross margin
The net margin for Owlet Inc stands at -0.18. The total capital return value is set at -5.07.
Based on Owlet Inc (OWLT), the company’s capital structure generated -1.32 points at debt to capital in total, while cash flow to debt ratio is standing at -1.13. The debt to equity ratio resting at -0.57. The interest coverage ratio of the stock is 166.4.
Currently, EBITDA for the company is -26.42 million with net debt to EBITDA at 0.2. When we switch over and look at the enterprise to sales, we see a ratio of 1.17. The receivables turnover for the company is 3.88for trailing twelve months and the total asset turnover is 1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
To sum up, Owlet Inc (OWLT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
