Oblong Inc (NASDAQ: OBLG) stock jumped 25.85% on Friday to $0.20 against a previous-day closing price of $0.16. With 13.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.79 million shares. The 52-week range on OBLG shows that it touched its highest point at $4.74 and its lowest point at $0.14 during that stretch. It currently has a 1-year price target of $15.00. Beta for the stock currently stands at 2.94.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OBLG was up-trending over the past week, with a rise of 26.56%, but this was up by 8.46% over a month. Three-month performance dropped to -75.60% while six-month performance fell -85.74%. The stock lost -92.90% in the past year, while it has lost -88.52% so far this year.
Float and Shares Shorts:
At present, 14.95 million OBLG shares are outstanding with a float of 14.70 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.15 million, which was 1.00% higher than short shares on Sep 28, 2023. In addition to Mr. Peter J. Holst as the firm’s President, CEO & Director, Mr. David C. Clark serves as its CFO, Treasurer & Corporate Secretary.
Institutional Ownership:
Through their ownership of 20.54% of OBLG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.78% of OBLG, in contrast to 1.60% held by mutual funds. Shares owned by individuals account for 0.35%. As the largest shareholder in OBLG with 0.58% of the stake, Anson Funds Management LP holds 87,672 shares worth 87,672. A second-largest stockholder of OBLG, Renaissance Technologies LLC, holds 54,977 shares, controlling over 0.36% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in OBLG, holding 45,359 shares or 0.30% stake. With a 0.30% stake in OBLG, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 45,359 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.03% of OBLG stock, is the second-largest Mutual Fund holder. It holds 4,789 shares valued at 742.0. Fidelity Total Market Index Fund holds 0.01% of the stake in OBLG, owning 1,050 shares worth 163.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OBLG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With OBLG analysts setting a high price target of $15.00 and a low target of $15.00, the average target price over the next 12 months is $15.00. Based on these targets, OBLG could surge 7400.0% to reach the target high and rise by 7400.0% to reach the target low. Reaching the average price target will result in a growth of 7400.0% from current levels.
Summary of Insider Activity:
Insiders traded OBLG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 177,564 while 486,434 shares were sold.
