The stock of Oblong Inc (OBLG) has seen a -6.62% decrease in the past week, with a -3.54% drop in the past month, and a -40.43% decrease in the past quarter. The volatility ratio for the week is 9.31%, and the volatility levels for the past 30 days are at 9.69% for OBLG. The simple moving average for the past 20 days is -3.75% for OBLG’s stock, with a -35.10% simple moving average for the past 200 days.
Is It Worth Investing in Oblong Inc (NASDAQ: OBLG) Right Now?
Additionally, the 36-month beta value for OBLG is 3.20. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for OBLG is 1.07M and currently, short sellers hold a 3.80% ratio of that float. The average trading volume of OBLG on October 23, 2024 was 751.82K shares.
OBLG) stock’s latest price update
Oblong Inc (NASDAQ: OBLG) has experienced a decline in its stock price by -8.19 compared to its previous closing price of 4.15. However, the company has seen a fall of -6.62% in its stock price over the last five trading days. businesswire.com reported 2024-06-04 that DENVER–(BUSINESS WIRE)–Oblong, Inc. (Nasdaq: OBLG) (“Oblong”), the award-winning maker of multi-stream collaboration solutions, announced today that it has signed a non-binding letter of intent (the “Letter of Intent”) with Dwellwell Analytics (“Dwellwell”), to acquire 100% of the outstanding equity interests of Dwellwell (the “Merger”). Pursuant to the terms of the Letter of Intent, Dwellwell securityholders would, after giving effect to the proposed Merger, own 67% of the equity of the comb.
OBLG Trading at -5.40% 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 -74.30% of loss for the given period.
Volatility was left at 9.69%, however, over the last 30 days, the volatility rate increased by 9.31%, as shares surge +3.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.56% lower at present.
During the last 5 trading sessions, OBLG fell by -6.62%, which changed the moving average for the period of 200-days by -40.36% in comparison to the 20-day moving average, which settled at $3.96. In addition, Oblong Inc saw -51.89% 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.
Stock Fundamentals for OBLG
Current profitability levels for the company are sitting at:
- -1.36 for the present operating margin
- 0.18 for the gross margin
The net margin for Oblong Inc stands at -1.39. The total capital return value is set at -0.82. Equity return is now at value -66.87, with -55.80 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 -605.25. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -243.71.
Currently, EBITDA for the company is -4.29 million with net debt to EBITDA at 1.36. When we switch over and look at the enterprise to sales, we see a ratio of -0.42. The receivables turnover for the company is 98.48for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.05.
Conclusion
In conclusion, Oblong Inc (OBLG) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
