Assessing Whether Oblong Inc (NASDAQ: OBLG) Is Over- Or Undervalued

Oblong Inc (OBLG) concluded trading on Wednesday at a closing price of $0.12, with 36.9 million shares of worth about $4.43 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.33% during that period and on August 21, 2024 the price saw a gain of about 11.34%. Currently the company’s common shares owned by public are about 28.24M shares, out of which, 28.17M shares are available for trading.

Stock saw a price change of 1.28% in past 5 days and over the past one month there was a price change of -26.58%. Year-to-date (YTD), OBLG shares are showing a performance of -40.00% which decreased to -85.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.10 but also hit the highest price of $0.84 during that period. The average intraday trading volume for Oblong Inc shares is 5.94 million. The stock is currently trading -14.02% below its 20-day simple moving average (SMA20), while that difference is down -26.98% for SMA50 and it goes to -27.41% lower than SMA200.

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Oblong Inc (NASDAQ: OBLG) currently have 28.24M outstanding shares and institutions hold larger chunk of about 3.51% of that.

The stock has a current market capitalization of $3.35M and its 3Y-monthly beta is at 3.24. It has posted earnings per share of -$0.49 in the same period. It has Quick Ratio of 4.98 while making debt-to-equity ratio of 0.00. 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 14.20% while standing at 13.30% over the month.

Analysts are in expectations that Oblong Inc (OBLG) stock would likely to be making an EPS of 0.0 in the current quarter, while forecast for next quarter EPS is 0.0 and it is 0.0 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.0 which is 0.0 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 nan in the same quarter a year ago.

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