Olo Inc. (NYSE:OLO) finished Friday with an addition of $0.07 to close at $6.25, an upside of 1.13 percent. An average of 848,380 shares of common stock have been traded in the last five days. There was a fall of -$0.06 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,144,955 shares traded, while the 50-day average volume stands at 1,483,830.
OLO stock has decreased by -12.10% in the last month. The company shares reached their 1-month lowest point of $5.74 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $5.74 and a high of $21.74 in 52 weeks. It has reached a new high 2 times so far this year and lost -69.97% or -$14.56 in price. In spite of this, the price is down -71.25% from the 52-week high.
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OLO stock investors should be aware that Olo Inc. (OLO) stock had its last reported insider trading activity 18 days ago on Dec 13. In this transaction, the insider spent $272,639. Chief Financial Officer, Benevides Peter J., disposed of 97,805 shares at a price of $7.08 on Dec 12. The insider now owns more than $692,459 worth of shares. Prior to that, CEO Glass Noah H. went on to Sale 3,909 shares at $6.73 each on Dec 06. An amount of $26,308 was transacted.
Olo Inc. (OLO) has a trailing price-to-sales (P/S) ratio at 5.99, the price-to-book (PB) ratio at 1.43.
The quick ratio of Olo Inc. for the three months ended June 29 was 9.70, and the current ratio was 9.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $118.54 million compared to revenue of $149.37 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Olo Inc.’s return on assets was -5.10%.
For the three-month period that ended June 29, Olo Inc. had $101.96 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$14.56 million in the quarter, while revenues of -$11.67 million were grew 83.24%. The analyst consensus anticipated Olo Inc.’s latest quarter earnings to come in at $0 per share, but it turned out to be $0.01. For the quarter, EBITDA amounted to -$14.26 million. Shareholders own equity worth $163.41 million.
From a technical analysis perspective, let’s take a brief look at Olo Inc. (OLO) price momentum. RSI 9-day as of the close on 30 December was 40.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 56.42%.
As of today, OLO’s price is $6.05 -0.95% or -$0.06 from its 5-day moving average. OLO is currently trading -12.95% lower than its 20-day SMA and -50.12% lower than its 100-day SMA. However, the stock’s current price level is -21.58% below the SMA50 and -49.88% below the SMA200.
The stochastic %K and %D were 19.18% and 11.12%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 29.06% and the average true range at 0.35, the RSI (14) stands at 39.03%. The stock has reached -0.12 on the 9-day MACD Oscillator while the 14-day reading was at -0.43.
Goldman launched coverage on Olo Inc. (NYSE: OLO) in its analyst report released on October 19, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Olo Inc. (OLO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OLO, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is OLO’s price target for the next 12 months?
Analysts predict a range of price targets between $8.50 and $12.00, with a median target of $9.50. Taking a look at these predictions, the average price target given by analysts for Olo Inc. (OLO) stock is $9.92.