Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OLB is 1.08M, and at present, short sellers hold a 0.50% of that float. On November 19, 2024, the average trading volume of OLB was 54.89K shares.
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OLB) stock’s latest price update
OLB Group Inc (NASDAQ: OLB)’s stock price has plunge by -22.75relation to previous closing price of 1.89. Nevertheless, the company has seen a -26.56% plunge in its stock price over the last five trading sessions. accesswire.com reported 2024-11-15 that NEW YORK, NY / ACCESSWIRE / November 15, 2024 / OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, announced today its financial results for the three and nine months ending September 30, 2024. Investors can access the complete Third Quarter Report on Form 10-Q at https://app.ir365connect.com/htmlcontent/cik/1314196/id/79bce168-3391-4a6c-a5d5-cafa777ba986/file/ea0211052-10q_olbgroup.htm Key Financial Highlights for Q3 2024 Year to date revenue of $10,101,258.
OLB’s Market Performance
OLB Group Inc (OLB) has experienced a -26.56% fall in stock performance for the past week, with a -38.14% drop in the past month, and a -28.08% drop in the past quarter. The volatility ratio for the week is 27.85%, and the volatility levels for the past 30 days are at 16.25% for OLB. The simple moving average for the past 20 days is -28.20% for OLB’s stock, with a -61.40% simple moving average for the past 200 days.
OLB Trading at -35.11% from the 50-Day Moving Average
After a stumble in the market that brought OLB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.52% of loss for the given period.
Volatility was left at 16.25%, however, over the last 30 days, the volatility rate increased by 27.85%, as shares sank -33.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.96% lower at present.
During the last 5 trading sessions, OLB fell by -26.56%, which changed the moving average for the period of 200-days by -80.79% in comparison to the 20-day moving average, which settled at $2.0334. In addition, OLB Group Inc saw -86.23% 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 OLB starting from YAKOV RONNY, who purchase 784,212 shares at the price of $0.77 back on Jan 16 ’24. After this action, YAKOV RONNY now owns 5,409,701 shares of OLB Group Inc, valued at $600,001 using the latest closing price.
Smith Patrick G, the Vice President of OLB Group Inc, purchase 392,106 shares at $0.77 during a trade that took place back on Jan 16 ’24, which means that Smith Patrick G is holding 642,929 shares at $300,000 based on the most recent closing price.
Stock Fundamentals for OLB
Current profitability levels for the company are sitting at:
- -0.98 for the present operating margin
- -0.22 for the gross margin
The net margin for OLB Group Inc stands at -1.91. The total capital return value is set at -1.65. Equity return is now at value -135.85, with -95.80 for asset returns.
Currently, EBITDA for the company is -16.4 million with net debt to EBITDA at 0.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.2. The receivables turnover for the company is 22.48for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.
Conclusion
To sum up, OLB Group Inc (OLB) has seen a bad 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.
