Olo Inc (NYSE: OLO) is -0.52% 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 $5.56 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $5.69, the stock is 12.01% and 14.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.76 million and changing 2.34% at the moment leaves the stock 13.16% off its SMA200. OLO registered 30.80% gain for a year compared to 6-month loss of 19.79%. The firm has a 50-day simple moving average (SMA 50) of $4.9668 and a 200-day simple moving average (SMA200) of $5.02525.
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The stock witnessed a 22.10% gain in the last 1 month and extending the period to 3 months gives it a 11.35%, and is 13.57% up 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 4.22% over the week and 3.62% over the month.
Olo Inc (OLO) has around 683 employees, a market worth around $922.38M and $257.81M in sales. Fwd P/E is 24.04. Profit margin for the company is -9.36%. Distance from 52-week low is 35.48% and -16.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.60%).
Olo Inc quarterly earnings per share for the current quarter are estimated at 0.05 with sales reaching $70.94M over the same period.The EPS is expected to grow by 36.67% this year, but quarterly earnings will post 22.70% year-over-year. Quarterly sales are estimated to grow 22.70% in year-over-year returns.
256.0 institutions hold shares in Olo Inc (OLO), with institutional investors hold 84.17% of the company’s shares. The shares outstanding are 108.47M, and float is at 104.45M with Short Float at 1.79%. Institutions hold 81.92% 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 Lambert Joanna G, the company’s Chief Operating Officer. SEC filings show that Lambert Joanna G sold 29,769 shares of the company’s common stock on Oct 02 ’24 at a price of $4.80 per share for a total of $0.14 million. Following the sale, the insider now owns 0.71 million shares.
Still, SEC filings show that on Sep 06 ’24, Morvillo Robert (General Counsel and Secretary) disposed off 1,881 shares at an average price of $4.90 for $9223.0. The insider now directly holds 83,430 shares of Olo Inc (OLO).
