In recent trading session, Oblong Inc (NASDAQ:OBLG) saw 3.62 million shares changing hands at last check today with its beta currently measuring 2.94. Company’s recent per share price level of $0.18 trading at $0.02 or 9.38% at last check today assigns it a market valuation of $2.64M. That most recent trading price of OBLG’s stock is at a discount of -2533.33% from its 52-week high price of $4.74 and is indicating a premium of 22.22% from its 52-week low price of $0.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.05 million shares which gives us an average trading volume of 1.79 million if we extend that period to 3-months.
For Oblong Inc (OBLG), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
Oblong Inc (NASDAQ:OBLG) trade information
Upright in the green today for gaining 9.38%, in the last five days OBLG remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $0.18 price level, adding 5.26% to its value on the day. Oblong Inc’s shares saw a change of -90.02% in year-to-date performance and have moved 10.00% in past 5-day. Oblong Inc (NASDAQ:OBLG) showed a performance of -5.73% in past 30-days. Number of shares sold short was 0.15 million shares which calculate 0.03 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $15.00 to the stock, which implies a rise of 98.8% to its recent value today. Analysts have been projecting $15.00 as a low price target for the stock while placing it at a high target of $15.00. It follows that stock’s current price would drop -8233.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of -8233.33% for stock’s current value.
Oblong Inc (OBLG) estimates and forecasts
This year revenue growth is estimated to fall -29.20% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.43 million for the same. Company posted $1.97 million and $1.53 million of sales in current and next quarters respectively a year earlier.
Oblong Inc is more likely to be releasing its next quarterly report between November 10 and November 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Oblong Inc (NASDAQ:OBLG)’s Major holders
Insiders are in possession of 6.65% of company’s total shares while institution are holding 20.54 percent of that, with stock having share float percentage of 22.00%. Investors also watch the number of corporate investors in a company very closely, which is 20.54% institutions for Oblong Inc that are currently holding shares of the company. Foundry Group Next, LLC is the top institutional holder at OBLG for having 0.52 million shares of worth $0.74 million. And as of Jun 29, 2023, it was holding 17.84% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 45574.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 1.56% of outstanding shares, having a total worth of $64259.0.
On the other hand, Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 45359.0 shares of worth $63956.0 or 1.55% of the total outstanding shares. The later fund manager was in possession of 4789.0 shares on May 30, 2023, making its stake of worth around $8045.0 in the company or a holder of 0.16% of company’s stock.