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 Granted 180-Day Extension by Nasdaq to Regain Compliance with Bid Price Rule.

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Stocks Info

Oblong Inc is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. The current market capitalization of Oblong Inc is $2.22M. A total of 0.56 million shares were traded on the day, compared to an average of 2.61M shares.

In the most recent transaction, ADELMAN JASON T sold 52,191 shares of OBLG for 0.18 per share on Oct 24 ’23. After the transaction, the Director now owns 0 company shares. In a previous transaction on Jun 16 ’23, 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 ’23 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 ’23. Company shares held by the Director now total 11,344.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, OBLG has a high of $3.94 and a low of $0.11.

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 $0.33, 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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