Olo Inc (NYSE: OLO)’s stock price has increased by 1.09 compared to its previous closing price of 6.43. However, the company has seen a -5.80% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-11-19 that Olo (OLO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Is It Worth Investing in Olo Inc (NYSE: OLO) Right Now?
The 36-month beta value for OLO is also noteworthy at 1.33. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 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 105.94M, and at present, short sellers hold a 1.73% of that float. The average trading volume of OLO on November 20, 2024 was 973.14K shares.
OLO’s Market Performance
OLO’s stock has seen a -5.80% decrease for the week, with a 29.74% rise in the past month and a 15.86% gain in the past quarter. The volatility ratio for the week is 4.26%, and the volatility levels for the past 30 days are at 5.12% for Olo Inc The simple moving average for the last 20 days is 14.52% for OLO stock, with a simple moving average of 28.11% for the last 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 25.15% 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 -8.84% of loss for the given period.
Volatility was left at 5.12%, however, over the last 30 days, the volatility rate increased by 4.26%, as shares surge +32.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.13% upper at present.
During the last 5 trading sessions, OLO fell by -5.80%, which changed the moving average for the period of 200-days by +21.50% in comparison to the 20-day moving average, which settled at $5.68. In addition, Olo Inc saw 13.64% 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 Washington Zuhairah Scott, who sale 10,353 shares at the price of $6.66 back on Nov 12 ’24. After this action, Washington Zuhairah Scott now owns 58,162 shares of Olo Inc, valued at $68,956 using the latest closing price.
Washington Zuhairah Scott, the Director of Olo Inc, proposed sale 10,353 shares at $6.66 during a trade that took place back on Nov 12 ’24, which means that Washington Zuhairah Scott is holding shares at $68,956 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.
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 2.97. 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.
