There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Olo Announces Date of Fourth Quarter and Fiscal Year 2023 Earnings Call.
This NYSE-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $5.65 and fluctuated between $5.68 as its day high and $5.49 as its day low. The current market capitalization of Olo Inc is $927.62M. A total of 0.58 million shares were traded on the day, compared to an average of 1.14M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, OLO 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 26 BUYs and 18 SELLs from insiders. Insiders purchased 1,898,573 shares during that period but sold 166,012.
In the most recent transaction, Panama Diego sold 13,293 shares of OLO for 5.78 per share on Dec 06. After the transaction, the Chief Revenue Officer now owns 581,869 company shares. In a previous transaction on Dec 06, Glass Noah H. sold 8,338 shares at 5.78 per share. OLO shares that CEO owns now total 285,353.
Among the insiders who sold shares, Benevides Peter J. disposed of 7,898 shares on Dec 06 at a per-share price of $5.78. This resulted in the Chief Financial Officer holding 357,792 shares of OLO after the transaction. In another insider transaction, Lambert Joanna G sold 6,150 shares at $5.78 per share on Dec 06. Company shares held by the Chief Operating Officer now total 666,587.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for OLO in the last 3 months, the mean price target is $7.60 with high estimates of $8.50 and low estimates of $7.00. In terms of 52-week highs and lows, OLO has a high of $9.12 and a low of $4.25.
As of this writing, OLO has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.06 per share and a lower estimate of $0.03. The company reported an EPS of $0.04 in the last quarter, which was 100.00% higher than expectations of $0.02.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. OLO’s latest balance sheet shows that the firm has $514.45M in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $48.77M in liabilities at the time. Its Book Value Per Share was $4.05, 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.