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Saturday, December 9, 2023

Oblong Inc (NASDAQ: OBLG): Is It A Buying Opportunity Again?

After Hours

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 Oblong Inc (OBLG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0008, or 0.47%, to $0.17. The Oblong Inc has recorded 75,615 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Oblong Appoints Two New Directors to its Board.

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Stocks Info

As a NASDAQ listed company, OBLG 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 $0.17 and fluctuated between $0.1860 as its day high and $0.1600 as its day low. The current market capitalization of Oblong Inc is $2.57M. A total of 2.23 million shares were traded on the day, compared to an average of 1.74M shares.

Insider Activity

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, OBLG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 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, ADELMAN JASON T sold 52,191 shares of OBLG for 0.18 per share on Oct 24. After the transaction, the Director now owns 0 company shares. In a previous transaction on Jun 16, Meredith Deborah Jean sold 7,373 shares at 1.42 per share. OBLG shares that Director owns now total 0.

Among the insiders who sold shares, Meredith Deborah Jean disposed of 3,671 shares on Jun 15 at a per-share price of $1.51. This resulted in the Director holding 7,673 shares of OBLG after the transaction. In another insider transaction, Meredith Deborah Jean sold 6,556 shares at $1.65 per share on Jun 14. Company shares held by the Director now total 11,344.

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 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 $4.74 and a low of $0.14.

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

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. 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 $2.79, while its Total Shareholder’s Equity was $25.50M.

Analysts Opinion

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 OBLG is Buy with a score of 0.00.

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