In the past week, OBDE stock has gone down by -0.20%, with a monthly gain of 3.03% and a quarterly surge of 3.24%. The volatility ratio for the week is 0.76%, and the volatility levels for the last 30 days are 0.84% for Blue Owl Capital Corp III The simple moving average for the last 20 days is 0.58% for OBDE’s stock, with a simple moving average of 0.78% for the last 200 days.
Is It Worth Investing in Blue Owl Capital Corp III (NYSE: OBDE) Right Now?
The price-to-earnings ratio for Blue Owl Capital Corp III (NYSE: OBDE) is 8.47x, which is above its average ratio. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for OBDE is 123.31M and currently, short sellers hold a 0.13% of that float. On December 13, 2024, OBDE’s average trading volume was 246.45K shares.
OBDE) stock’s latest price update
Blue Owl Capital Corp III (NYSE: OBDE) has experienced a rise in its stock price by 0.07 compared to its previous closing price of 14.91. However, the company has seen a fall of -0.20% 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 1.99% 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 -10.13% of loss for the given period.
Volatility was left at 0.84%, however, over the last 30 days, the volatility rate increased by 0.76%, as shares surge +2.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.76% upper at present.
During the last 5 trading sessions, OBDE fell by -0.33%, which changed the moving average for the period of 200-days by -0.33% in comparison to the 20-day moving average, which settled at $14.86. In addition, Blue Owl Capital Corp III saw -0.61% 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:
- -0.17 for the present operating margin
- 1.05 for the gross margin
The net margin for Blue Owl Capital Corp III stands at 0.8. The total capital return value is set at -0.01. Equity return is now at value 11.40, with 5.32 for asset returns.
Currently, EBITDA for the company is 420.4 million with net debt to EBITDA at -1.35. When we switch over and look at the enterprise to sales, we see a ratio of 6.24. The receivables turnover for the company is 4.52for trailing twelve months and the total asset turnover is 0.06.
Conclusion
To wrap up, the performance of Blue Owl Capital Corp III (OBDE) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
