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 12/14/23 at a closing price of $0.23, with 6.19 million shares of worth about $1.42 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -84.37% during that period and on Thursday the price saw a gain of about 29.56%. 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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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.
However, the stock later moved at a day high price of 0.2345, or with a gain of 29.56%. Stock saw a price change of 46.19% in past 5 days and over the past one month there was a price change of 37.33%. Year-to-date (YTD), OBLG shares are showing a performance of -87.15% which decreased to -90.94% 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 2.56 million. The stock is currently trading 27.30% above its 20-day simple moving average (SMA20), while that difference is up 14.36% for SMA50 and it goes to -78.72% 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 1.81% and 0.35% of the stake respectively.
The stock has a current market capitalization of $3.39M and its 3Y-monthly beta is at 3.04. 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 17.07% while standing at 15.75% 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.
