There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Olo Inc. (OLO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.11, or 1.61%, to $6.94. The Olo Inc. has recorded 15,387 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Olo Announces First Quarter 2023 Financial Results.
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As a NYSE listed company, OLO falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $6.83 and fluctuated between $7.07 as its day high and $6.65 as its day low. The current market capitalization of Olo Inc. is $1.15B. A total of 1.02 million shares were traded on the day, compared to an average of 882.73K shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, OLO has seen 3 BUY and 6 SELL insider trades, representing the acquisition of 3,645 and the disposition of 34,491 shares. Over the last 12 months, there were 33 BUYs and 22 SELLs from insiders. Insiders purchased 1,569,559 shares during that period but sold 270,986.
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.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for OLO in the last 3 months, the mean price target is $9.83 with high estimates of $12.00 and low estimates of $9.00. In terms of 52-week highs and lows, OLO has a high of $14.08 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 $0.04 per share and a lower estimate of $0.01. The company reported an EPS of $0.03 in the last quarter, which was 50.00% higher than expectations of $0.02.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. OLO’s latest balance sheet shows that the firm has $514.45M in Cash & Short Term Investments as of fiscal 2021. There were $3.50M in debt and $48.77M in liabilities at the time. Its Book Value Per Share was $4.22, while its Total Shareholder’s Equity was $701.75M.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 4.00.