Oblong Inc (NASDAQ: OBLG) is -28.23% lower on its value in year-to-date trading and has touched a low of $0.11 and a high of $3.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OBLG stock was last observed hovering at around $0.16 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.14, the stock is -9.10% and -13.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.17 million and changing -12.12% at the moment leaves the stock -74.07% off its SMA200. OBLG registered -90.95% loss for a year compared to 6-month loss of -69.11%. The firm has a 50-day simple moving average (SMA 50) of -$0.95 and a 200-day simple moving average (SMA200) of $0.90.
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 stock witnessed a -20.26% gain in the last 1 month and extending the period to 3 months gives it a -13.41%, and is -7.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 32.71% over the week and 13.69% over the month.
Oblong Inc (OBLG) has around 21 employees, a market worth around $2.37M and $3.81M in sales. Profit margin for the company is -144.44%. Distance from 52-week low is 27.10% and -96.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-100.04%).
Oblong Inc quarterly earnings per share for the current quarter are estimated at $0.
17 institutions hold shares in Oblong Inc (OBLG), with institutional investors hold 2.35% of the company’s shares. The shares outstanding are 16.68M, and float is at 16.55M with Short Float at 0.22%. Institutions hold 2.33% of the Float.
The top institutional shareholder in the company is Acadian Asset Management. LLC with over 0.13 million shares valued at $18026.0. The investor’s holdings represent 0.76% of the OBLG Shares outstanding. As of Dec 30, 2023, the second largest holder is Goldman Sachs Group Inc with 47143.0 shares valued at $6699.0 to account for 0.28% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 45359.0 shares representing 0.27% and valued at over $6445.0, while Renaissance Technologies, LLC holds 0.25% of the shares totaling 41300.0 with a market value of $5868.0.
Oblong Inc (OBLG) Insider Activity
The most recent transaction is an insider sale by ADELMAN JASON T, the company’s Director. SEC filings show that ADELMAN JASON T sold 52,191 shares of the company’s common stock on Oct 24 ’23 at a price of $0.18 per share for a total of $9655.0. Following the sale, the insider now owns 0.0 shares.
Oblong Inc disclosed in a document filed with the SEC on Jun 16 ’23 that Meredith Deborah Jean (Director) sold a total of 7,373 shares of the company’s common stock. The trade occurred on Jun 16 ’23 and was made at $1.42 per share for $10504.0. Following the transaction, the insider now directly holds 0.0 shares of the OBLG stock.
Still, SEC filings show that on Jun 15 ’23, Meredith Deborah Jean (Director) disposed off 3,671 shares at an average price of $1.51 for $5530.0. The insider now directly holds 7,673 shares of Oblong Inc (OBLG).
