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Friday, September 29, 2023

Is Oblong Inc. (NASDAQ: OBLG) The Best Stock To Invest In?

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. The stock was recently discussed on Yahoo Finance as it revealed that Oblong Appoints Two New Directors to its Board.

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Stocks Info

Oblong Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $0.75 and fluctuated between $0.7500 as its day high and $0.7128 as its day low. The current market capitalization of Oblong Inc. is $2.20M. A total of 58831.0 shares were traded on the day, compared to an average of 107.78K 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, OBLG has seen 0 BUY and 9 SELL insider trades, representing the acquisition of 0 and the disposition of 445,034 shares. Over the last 12 months, there were 4 BUYs and 15 SELLs from insiders. Insiders purchased 177,564 shares during that period but sold 486,434.

In the most recent transaction, Meredith Deborah Jean sold 7,373 shares of OBLG for 1.42 per share on Jun 16. After the transaction, the Director now owns 0 company shares. In a previous transaction on Jun 15, Meredith Deborah Jean sold 3,671 shares at 1.51 per share. OBLG shares that Director owns now total 7,673.

Among the insiders who sold shares, Meredith Deborah Jean disposed of 6,556 shares on Jun 14 at a per-share price of $1.65. This resulted in the Director holding 11,344 shares of OBLG after the transaction. In another insider transaction, Meredith Deborah Jean sold 6,491 shares at $1.62 per share on Jun 13. Company shares held by the Director now total 17,900.



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 OBLG in the last 3 months, the mean price target is $15.00 with high estimates of $15.00 and low estimates of $15.00. In terms of 52-week highs and lows, OBLG has a high of $9.68 and a low of $0.65.

As of this writing, OBLG has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of -$0.29 in the last quarter, which was -190.00% lower than expectations of -$0.1.

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. OBLG’s latest balance sheet shows that the firm has $8.94M in Cash & Short Term Investments as of fiscal 2021. There were $728.00k in debt and $2.49M in liabilities at the time. Its Book Value Per Share was $3.06, while its Total Shareholder’s Equity was $25.50M.

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, 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 OBLG is Buy with a score of 0.00.

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