Owlet Inc. (NYSE:OWLT) saw a downside of -24.27% on Monday at $4.15 after subtracting -$1.33. The 5-day average trading volume is 1,044,649 shares of the company’s common stock. It has gained $5.97 in the past week. An average of 970,662 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 629,747.
OWLT’s 1-month performance is -10.60% or -$2.13 on its low of $3.76 reached on 10/04/21. The company’s shares have touched a 52-week low of $5.14 and high of $11.56. YTD, OWLT has lost -46.12% or -$5.85. However, the current price is down -64.10%% from the 52-week high price.
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Owlet Inc. (OWLT) has a trailing price-to-earnings (P/E) ratio of 31.81 for the broader industry and 32.13 for the sector, meaning that investors are optimistic about the stock’s future prospects.OWLT stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.56 while the price-to-book (PB) in the most recent quarter is 0.82.
Owlet Inc.’s quick ratio for the period ended June 29 was 0.10, with the current ratio over the same period at 0.10 meaning that OWLT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00.
For the quarterly period ending June 29 this year, Analysts expected OWLT to announce -$0.14 per share in earnings in its latest quarter, but it posted -$0.3, representing a -114.30% surprise. OWLT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 225.8 million, with total debt at $38.38 million. Shareholders hold equity totaling $112.75 million
Let’s look briefly at Owlet Inc. (OWLT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 18.77% to suggest the stock is trending oversold, with historical volatility in this time period at 117.67%.
The stock’s 5-day moving average is $5.35, reflecting a -23.44% or -$1.32 change from its current price. OWLT is currently trading -33.05% above its 20-day SMA, -56.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -49.91% and -56.29% respectively.
Stochastic %K and %D was 31.12% and 38.44% and the average true range (ATR) pointed at 0.54. The RSI (14) points at 24.36%, while the 14-day stochastic is at 22.49% with the period’s ATR at 0.54. The stock’s 9-day MACD Oscillator is pointing at -0.33 and -0.38 on the 14-day charts.
In the most recent analyst report for Owlet Inc. (NYSE: OWLT), BofA Securities launched coverage with a Buy rating. Analysts offering their rating for OWLT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate OWLT as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is OWLT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.50 and a high of $14.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for Owlet Inc. (OWLT) stock is $11.50.