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Sunday, April 2, 2023

Make Sure You Stick With Olo Inc. (OLO). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Olo Inc. (OLO) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $7.51. The Olo Inc. has recorded 37,513 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Olo Named #1 in Dining Category on Fast Company’s Annual List of the World’s Most Innovative Companies for 2023.

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Stocks Info

Olo Inc. is listed on the NYSE in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $7.51 and fluctuated between $7.59 as its day high and $7.24 as its day low. The current market capitalization of Olo Inc. is $1.27B. A total of 1.09 million shares were traded on the day, compared to an average of 988.97K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, OLO has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 4,496 and the disposition of 0 shares. Over the last 12 months, there were 36 BUYs and 22 SELLs from insiders. Insiders purchased 1,024,442 shares during that period but sold 357,467.

In the most recent transaction, Glass Noah H. sold 8,918 shares of OLO for 7.80 per share on Mar 06. After the transaction, the CEO now owns 310,880 company shares. In a previous transaction on Mar 06, Benevides Peter J. sold 8,580 shares at 7.79 per share. OLO shares that Chief Financial Officer owns now total 353,004.

Among the insiders who sold shares, Panama Diego disposed of 2,820 shares on Mar 06 at a per-share price of $7.80. This resulted in the Chief Revenue Officer holding 677,786 shares of OLO after the transaction. In another insider transaction, Das Nithya B. sold 1,533 shares at $7.80 per share on Mar 06. Company shares held by the COO and Chief Legal Officer now total 52,967.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for OLO in the last 3 months, the mean price target is $10.08 with high estimates of $12.00 and low estimates of $8.50. In terms of 52-week highs and lows, OLO has a high of $14.29 and a low of $5.74.

As of this writing, OLO has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.03 per share and a lower estimate of $0.01.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OLO is Overweight with a score of 4.00. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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