In the last trading session, 83591.0 PodcastOne Inc (NASDAQ:PODC) shares changed hands as the company’s beta touched -0.89. With the company’s per share price at $2.42 changed hands at $0.29 or 13.42% during last session, the market valuation stood at $59.31M. PODC’s last price was a discount, traded about -11.57% off its 52-week high of $2.70. The share price had its 52-week low at $1.10, which suggests the last value was 54.55% up since then. When we look at PodcastOne Inc’s average trading volume, we note the 10-day average is 54110.0 shares, with the 3-month average coming to 46.00K.
Analysts gave the PodcastOne Inc (PODC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended PODC as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. PodcastOne Inc’s EPS for the current quarter is expected to be 0.
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PodcastOne Inc (NASDAQ:PODC) trade information
Instantly PODC was in green as seen at the end of in last trading. With action -9.36%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 30.81%, with the 5-day performance at -9.36% in the red. However, in the 30-day time frame, PodcastOne Inc (NASDAQ:PODC) is 30.11% up. Looking at the short shares, we see there were 62202.0 shares sold at short interest cover period of 1.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4.5, meaning bulls need an upside of 46.22% from its current market value. According to analyst projections, PODC’s forecast low is 4.5 with 4.5 as the target high. To hit the forecast high, the stock’s price needs a -85.95% plunge from its current level, while the stock would need to soar -85.95% for it to hit the projected low.
PodcastOne Inc (PODC) estimates and forecasts
Data shows that the PodcastOne Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 56.13% over the past 6 months, a 60.29% in annual growth rate that is considerably higher than the industry average of 11.60%. Year-over-year growth is forecast to reach 18.06% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 13.08M. 3 analysts are of the opinion that PodcastOne Inc’s revenue for the current quarter will be 12.73M. The company’s revenue for the corresponding quarters a year ago was 10.44M and 11.71M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.29%. The estimates for the next quarter sales put growth at 8.70%.
The 2024 estimates are for PodcastOne Inc earnings to increase by 67.65%.
PODC Dividends
PodcastOne Inc is expected to release its next quarterly earnings report in January.
PodcastOne Inc (NASDAQ:PODC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 82.38% of PodcastOne Inc shares while 2.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 15.55%.
