Olo Inc (NYSE: OLO) is -17.48% lower on its value in year-to-date trading and has touched a low of $4.20 and a high of $6.84 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 OLO stock was last observed hovering at around $4.69 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $4.72, the stock is -9.56% and -4.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.63 million and changing 0.64% at the moment leaves the stock -7.93% off its SMA200. OLO registered -19.04% loss for a year compared to 6-month loss of -12.75%.
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The stock witnessed a -11.44% gain in the last 1 month and extending the period to 3 months gives it a 2.61%, and is -7.09% 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 3.61% over the week and 3.15% over the month.
Olo Inc (OLO) has around 683 employees, a market worth around $765.16M and $257.81M in sales. Fwd P/E is 19.94. Profit margin for the company is -9.36%. Distance from 52-week low is 12.38% and -30.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.60%).
The EPS is expected to grow by 36.67% this year
259.0 institutions hold shares in Olo Inc (OLO), with institutional investors hold 83.50% of the company’s shares. The shares outstanding are 108.47M, and float is at 105.00M with Short Float at 1.89%. Institutions hold 81.65% of the Float.
The top institutional shareholder in the company is RAINE CAPITAL LLC with over 32.22 million shares valued at $142.41 million. The investor’s holdings represent 19.8499 of the OLO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.62 million shares valued at $60.22 million to account for 8.3934 of the shares outstanding. The other top investors are BROWN CAPITAL MANAGEMENT LLC which holds 10.89 million shares representing 6.7071 and valued at over $48.12 million, while BLACKROCK INC. holds 6.5408 of the shares totaling 10.62 million with a market value of $46.93 million.
Olo Inc (OLO) Insider Activity
The most recent transaction is an insider sale by Morvillo Robert, the company’s General Counsel and Secretary. SEC filings show that Morvillo Robert sold 1,881 shares of the company’s common stock on Sep 06 ’24 at a price of $4.90 per share for a total of $9223.0. Following the sale, the insider now owns 83430.0 shares.
Olo Inc disclosed in a document filed with the SEC on Sep 06 ’24 that Benevides Peter J. (Chief Financial Officer) sold a total of 10,530 shares of the company’s common stock. The trade occurred on Sep 06 ’24 and was made at $4.90 per share for $51628.0. Following the transaction, the insider now directly holds 0.41 million shares of the OLO stock.
Still, SEC filings show that on Sep 06 ’24, Panama Diego (Chief Revenue Officer) disposed off 13,555 shares at an average price of $4.90 for $66457.0. The insider now directly holds 569,859 shares of Olo Inc (OLO).
