After grabbing 87672.0 shares, the institutional investor is now in possession of 87672.0 shares of the Technology Company. The new investment brought the stake of investor firm to 0.58% having worth around $13589.0. Moreover, Renaissance Technologies LLC increased its share by 54977.0 to have a control over 54977.0 shares. And Leo Brokerage LLC raised its holdings to 27838.0 shares by acquiring 27838.0 shares or 0.18% of the stake.
Oblong Inc (OBLG) concluded trading on 12/07/23 at a closing price of $0.16, with 9.75 million shares of worth about $1.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -90.94% during that period and on Thursday the price saw a gain of about 3.96%. Currently the company’s common shares owned by public are about 14.95M shares, out of which, 14.70M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the OBLG stock and their offered price forecasts bring an average price target of $15.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $15.00. The stock’s current price level is 98.93% above of average price target set by the analysts, while a rise to estimated low would result in gain of 98.93% for the stock. However, touching the estimated high of $15.00 would mean a gain of 98.93% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 20 times over the past 12 months. They bought 177,564 shares in 4 of the transactions. In 16 selling transactions, insiders dumped 538,625 shares.
Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Total Market Index Fund are the top 3 mutual funds which are holding stakes in Oblong Inc Vanguard Extended Market Index Fu is currently holding 45359.0 shares of worth totaling $7031.0. The company recently came buying 0.0 shares which brought its stake up to 0.30% of the company’s outstanding shares. Fidelity Total Market Index Fund, after buying 1050.0 shares, have now control over 0.01% of the stake in the company. It holds 0.0 shares of worth $163.0.
Oblong Inc (NASDAQ: OBLG) started trading at $0.1597, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.1595, or with a gain of 3.96%. Stock saw a price change of -18.42% in past 5 days and over the past one month there was a price change of -8.23%. Year-to-date (YTD), OBLG shares are showing a performance of -91.21% which decreased to -93.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.13 but also hit the highest price of $4.74 during that period. The average intraday trading volume for Oblong Inc shares is 2.35 million. The stock is currently trading -13.56% below its 20-day simple moving average (SMA20), while that difference is down -31.00% for SMA50 and it goes to -86.07% lower than SMA200.
Anson Funds Management LP acquired 87672.0 shares of Oblong Inc having value of about $13589.0. Oblong Inc (NASDAQ: OBLG) currently have 14.95M outstanding shares and institutions hold larger chunk of about 1.84% of that. Holding of mutual funds in the company is about 1.47% while other institutional holders and individual stake holders have control over 1.78% and 0.35% of the stake respectively.
The stock has a current market capitalization of $2.32M and its 3Y-monthly beta is at 3.07. It has posted earnings per share of -$2.27 in the same period. It has Quick Ratio of 5.67 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OBLG, volatility over the week remained 13.32% while standing at 15.53% over the month.
Analysts are in expectations that Oblong Inc (OBLG) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.1 in the same quarter a year ago.
Analysts at 1 brokerage firms have issued recommendations for the Oblong Inc (OBLG)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
