The stock price of Olo Inc (NYSE: OLO) has surged by 5.53 when compared to previous closing price of 6.24, but the company has seen a 24.25% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-09 that Olo Inc. (NYSE:OLO ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Gary Fuges – Senior Vice President of Investor Relations Noah Glass – Founder and Chief Executive Officer Peter Benevides – Chief Financial Officer Conference Call Participants Connor Passarella – Truist Securities, Inc. Patrick McIlwee – William Blair & Company Bruce Goldfarb – Lake Street Capital Markets Operator Greetings, and welcome to the Olo Third Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode.
Is It Worth Investing in Olo Inc (NYSE: OLO) Right Now?
The 36-month beta value for OLO is also noteworthy at 1.36. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for OLO is 104.45M, and at present, short sellers hold a 1.76% of that float. The average trading volume of OLO on November 12, 2024 was 956.12K shares.
OLO’s Market Performance
The stock of Olo Inc (OLO) has seen a 24.25% increase in the past week, with a 37.47% rise in the past month, and a 28.36% gain in the past quarter. The volatility ratio for the week is 6.72%, and the volatility levels for the past 30 days are at 4.33% for OLO. The simple moving average for the past 20 days is 24.58% for OLO’s stock, with a 30.58% simple moving average for the past 200 days.
Analysts’ Opinion of OLO
Many brokerage firms have already submitted their reports for OLO stocks, with Lake Street repeating the rating for OLO by listing it as a “Buy.” The predicted price for OLO in the upcoming period, according to Lake Street is $7.50 based on the research report published on December 15, 2023 of the previous year 2023.
Piper Sandler gave a rating of “Overweight” to OLO, setting the target price at $9 in the report published on July 20th of the previous year.
OLO Trading at 30.84% from the 50-Day Moving Average
After a stumble in the market that brought OLO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.73% of loss for the given period.
Volatility was left at 4.33%, however, over the last 30 days, the volatility rate increased by 6.72%, as shares surge +34.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.21% upper at present.
During the last 5 trading sessions, OLO rose by +24.34%, which changed the moving average for the period of 200-days by +21.59% in comparison to the 20-day moving average, which settled at $5.29. In addition, Olo Inc saw 15.12% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OLO starting from Lambert Joanna G, who sale 29,769 shares at the price of $4.80 back on Oct 02 ’24. After this action, Lambert Joanna G now owns 711,473 shares of Olo Inc, valued at $142,763 using the latest closing price.
Lambert Joanna G, the Officer of Olo Inc, proposed sale 29,769 shares at $4.80 during a trade that took place back on Oct 02 ’24, which means that Lambert Joanna G is holding shares at $142,762 based on the most recent closing price.
Stock Fundamentals for OLO
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.56 for the gross margin
The net margin for Olo Inc stands at -0.06. The total capital return value is set at -0.06. Equity return is now at value -2.40, with -2.16 for asset returns.
Based on Olo Inc (OLO), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 2.46. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -389.29.
Currently, EBITDA for the company is -47.56 million with net debt to EBITDA at 23.71. When we switch over and look at the enterprise to sales, we see a ratio of 2.99. The receivables turnover for the company is 4.77for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.76.
Conclusion
In summary, Olo Inc (OLO) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
