Market cap of Obalon Therapeutics Inc. [OBLN] reaches 12.66M – now what?

Obalon Therapeutics Inc. [NASDAQ: OBLN] gained 9.87% or 0.15 points to close at $1.67 with a heavy trading volume of 1099054 shares. The company report on November 7, 2020 that Obalon Announces Third Quarter 2020 Financial Results.

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Obalon Therapeutics, Inc. (NASDAQ:OBLN), a vertically integrated medical technology company with the first and only FDA-approved swallowable, gas-filled intragastric balloon system for the treatment of obesity, announced its financial results for the third quarter ended September 30, 2020.

Financial results for the third quarter of 2020.

It opened the trading session at $1.54, the shares rose to $1.75 and dropped to $1.51, the range by which the price of stock traded the whole day. The daily chart for OBLN points out that the company has recorded 135.21% gains over the past six months. However, it is still -169.35% lower than its most recent low trading price.

If we look at the average trading volume of 4.03M shares, OBLN reached to a volume of 1099054 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Obalon Therapeutics Inc. [OBLN]:

Stifel have made an estimate for Obalon Therapeutics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 25, 2019. While these analysts kept the previous recommendation, Stifel dropped their target price from $3 to $2. The new note on the price target was released on August 03, 2018, representing the official price target for Obalon Therapeutics Inc. stock.

The Average True Range (ATR) for Obalon Therapeutics Inc. is set at 0.21, with the Price to Sales ratio for OBLN stock in the period of the last 12 months amounting to 5.50. The Price to Book ratio for the last quarter was 2.17.

Trading performance analysis for OBLN stock

Obalon Therapeutics Inc. [OBLN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.37. With this latest performance, OBLN shares gained by 86.51% in over the last four-week period, additionally plugging by 135.21% over the last 6 months – not to mention a drop of -6.18% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OBLN stock in for the last two-week period is set at 61.34, with the RSI for the last a single of trading hit 61.68, and the three-weeks RSI is set at 61.15 for Obalon Therapeutics Inc. [OBLN]. The present Moving Average for the last 50 days of trading for this stock 1.1211, while it was recorded at 1.5640 for the last single week of trading, and 0.9027 for the last 200 days.

Obalon Therapeutics Inc. [OBLN]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Obalon Therapeutics Inc. [OBLN] shares currently have an operating margin of -674.52 and a Gross Margin at +11.70. Obalon Therapeutics Inc.’s Net Margin is presently recorded at -721.61.

Return on Total Capital for OBLN is now -110.62, given the latest momentum, and Return on Invested Capital for the company is -160.39. Return on Equity for this stock declined to -163.53, with Return on Assets sitting at -93.25. When it comes to the capital structure of this company, Obalon Therapeutics Inc. [OBLN] has a Total Debt to Total Equity ratio set at 7.12. Additionally, OBLN Total Debt to Total Capital is recorded at 6.64, with Total Debt to Total Assets ending up at 5.53. Long-Term Debt to Equity for the company is recorded at 3.58, with the Long-Term Debt to Total Capital now at 3.34.

Reflecting on the efficiency of the workforce at the company, Obalon Therapeutics Inc. [OBLN] managed to generate an average of -$696,353 per employee. Receivables Turnover for the company is 5.62 with a Total Asset Turnover recorded at a value of 0.13.Obalon Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.

Obalon Therapeutics Inc. [OBLN]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Obalon Therapeutics Inc. posted -0.64/share EPS, while the average EPS was predicted by analysts to be reported at -0.58/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -10.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OBLN.

An analysis of insider ownership at Obalon Therapeutics Inc. [OBLN]

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Positions in Obalon Therapeutics Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 5 institutional holders increased their position in Obalon Therapeutics Inc. [NASDAQ:OBLN] by around 1,520,561 shares. Additionally, 5 investors decreased positions by around 69,655 shares, while 8 investors held positions by with 585,577 shares. The mentioned changes placed institutional holdings at 2,175,793 shares, according to the latest SEC report filing. OBLN stock had 3 new institutional investments in for a total of 777,901 shares, while 3 institutional investors sold positions of 54,707 shares during the same period.

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