In the past week, OBDE stock has gone up by 1.28%, with a monthly gain of 2.69% and a quarterly surge of 2.12%. The volatility ratio for the week is 0.97%, and the volatility levels for the last 30 days are 0.99% for Blue Owl Capital Corp III The simple moving average for the past 20 days is 1.22% for OBDE’s stock, with a -0.42% simple moving average for the past 200 days.
Is It Worth Investing in Blue Owl Capital Corp III (NYSE: OBDE) Right Now?
Blue Owl Capital Corp III (NYSE: OBDE) has a higher price-to-earnings ratio of 8.39x compared to its average ratio. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for OBDE is 123.31M, and currently, short sellers hold a 0.10% ratio of that float. The average trading volume of OBDE on November 21, 2024 was 178.60K shares.
OBDE) stock’s latest price update
The stock of Blue Owl Capital Corp III (NYSE: OBDE) has increased by 0.52 when compared to last closing price of 14.70.Despite this, the company has seen a gain of 1.28% in its stock price over the last five trading days. businesswire.com reported 2024-11-20 that NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Blue Owl Capital Corporation III (“OBDE” or the “Company”) (NYSE: OBDE) and Blue Owl Capital Corporation (NYSE: OBDC). Under the terms of the proposed transaction, shareholders of OBDE will receive newly issued shares of OBDC for each share of OBDE based on an exchange ratio determined prior to closing. KSF.
Analysts’ Opinion of OBDE
Many brokerage firms have already submitted their reports for OBDE stocks, with Oppenheimer repeating the rating for OBDE by listing it as a “Outperform.” The predicted price for OBDE in the upcoming period, according to Oppenheimer is $16 based on the research report published on April 17, 2024 of the current year 2024.
OBDE Trading at 1.67% from the 50-Day Moving Average
After a stumble in the market that brought OBDE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.35% of loss for the given period.
Volatility was left at 0.99%, however, over the last 30 days, the volatility rate increased by 0.97%, as shares surge +2.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.95% upper at present.
During the last 5 trading sessions, OBDE rose by +1.44%, which changed the moving average for the period of 200-days by +3.79% in comparison to the 20-day moving average, which settled at $14.60. In addition, Blue Owl Capital Corp III saw -1.96% 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 OBDE starting from Woolridge Victor, who purchase 6,830 shares at the price of $14.64 back on Aug 26 ’24. After this action, Woolridge Victor now owns 6,830 shares of Blue Owl Capital Corp III, valued at $99,991 using the latest closing price.
Nicholson Logan, the President of Blue Owl Capital Corp III, purchase 12,750 shares at $14.34 during a trade that took place back on Aug 21 ’24, which means that Nicholson Logan is holding 25,000 shares at $182,835 based on the most recent closing price.
Stock Fundamentals for OBDE
Current profitability levels for the company are sitting at:
- 0.94 for the present operating margin
- 0.91 for the gross margin
The net margin for Blue Owl Capital Corp III stands at 0.64. The total capital return value is set at 0.1. Equity return is now at value 11.40, with 5.32 for asset returns.
Based on Blue Owl Capital Corp III (OBDE), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.1. The interest coverage ratio of the stock is 3.3.
Currently, EBITDA for the company is 420.4 million with net debt to EBITDA at 4.87. When we switch over and look at the enterprise to sales, we see a ratio of 8.75. The receivables turnover for the company is 9.2for trailing twelve months and the total asset turnover is 0.1.
Conclusion
To put it simply, Blue Owl Capital Corp III (OBDE) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
