Now Is The Time To Build A Position In Oblong Inc (NASDAQ:OBLG)

In recent trading session, Oblong Inc (NASDAQ:OBLG) saw 0.95 million shares changing hands at last check today with its beta currently measuring 3.17. Company’s recent per share price level of $4.42 trading at $0.92 or 26.42% at last check today assigns it a market valuation of $3.14M. That most recent trading price of OBLG’s stock is at a discount of -642.08% from its 52-week high price of $32.80 and is indicating a premium of 28.51% from its 52-week low price of $3.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.32 million shares which gives us an average trading volume of 87.62K if we extend that period to 3-months.

Oblong Inc (NASDAQ:OBLG) trade information

Upright in the green today for gaining 26.42%, in the last five days OBLG remained trading in the green while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $4.42 price level, subtracting -5.24% to its value on the day. Oblong Inc’s shares saw a change of -44.19% in year-to-date performance and have moved 31.94% in past 5-day. Oblong Inc (NASDAQ:OBLG) showed a performance of -24.52% in past 30-days. Number of shares sold short was 3845.0 shares which calculate 0.17 days to cover the short interests.

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Oblong Inc (NASDAQ:OBLG)’s Major holders

Insiders are in possession of 0.70% of company’s total shares while institution are holding 3.69 percent of that, with stock having share float percentage of 3.72%. Investors also watch the number of corporate investors in a company very closely, which is 3.69% institutions for Oblong Inc that are currently holding shares of the company.

On the other hand, Fidelity Extended Market Index Fund and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 2.65 shares of worth $10576.0 or 0.01% of the total outstanding shares. The later fund manager was in possession of 42.0 shares on Jun 30, 2024, making its stake of worth around $167.0 in the company or a holder of 0.00% of company’s stock.