Market cap of The OLB Group Inc. [OLB] reaches 15.87M – now what?


The OLB Group Inc. [NASDAQ: OLB] price surged by 27.72 percent to reach at $0.25. The company report on July 13, 2022 that OLB Group Authorizes Share Repurchase Program.

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The OLB Group, Inc., (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced today that its Board of Directors has authorized a share repurchase program of up to 1,000,000 million shares of its outstanding shares of common stock.

Ronny Yakov, CEO of OLB Group, said, “Our Board of Directors has authorized this stock buyback to exercise our financial flexibility to buy our common stock from time to time as market conditions warrant. With no outstanding corporate debt and a, historically low, market valuation of 0.4 times projected 2022 revenue of $35 million, the Company sees an opportunity to reduce its shares outstanding at very attractive valuations.”.

A sum of 11452031 shares traded at recent session while its average daily volume was at 108.27K shares. The OLB Group Inc. shares reached a high of $1.39 and dropped to a low of $0.9505 until finishing in the latest session at $1.15.

The one-year OLB stock forecast points to a potential upside of 88.5. The average equity rating for OLB stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on The OLB Group Inc. [OLB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OLB shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OLB stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for The OLB Group Inc. is set at 0.11, with the Price to Sales ratio for OLB stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 0.41, with the Price to Cash per share for the same quarter was set at 0.26.

OLB Stock Performance Analysis:

The OLB Group Inc. [OLB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.78. With this latest performance, OLB shares gained by 8.49% in over the last four-week period, additionally sinking by -48.89% over the last 6 months – not to mention a drop of -83.31% 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 OLB stock in for the last two-week period is set at 62.80, with the RSI for the last a single of trading hit 71.82, and the three-weeks RSI is set at 55.93 for The OLB Group Inc. [OLB]. The present Moving Average for the last 50 days of trading for this stock 1.0599, while it was recorded at 0.9705 for the last single week of trading, and 2.5583 for the last 200 days.

Insight into The OLB Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and The OLB Group Inc. [OLB] shares currently have an operating margin of -28.51 and a Gross Margin at -4.71. The OLB Group Inc.’s Net Margin is presently recorded at -29.79.

Return on Equity for this stock declined to -20.76, with Return on Assets sitting at -16.62.

The OLB Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.

The OLB Group Inc. [OLB] Insider Position Details

There are presently around $1 million, or 4.40% of OLB stock, in the hands of institutional investors. The top three institutional holders of OLB stocks are: SABBY MANAGEMENT, LLC with ownership of 284,600, which is approximately -32.355% of the company’s market cap and around 15.10% of the total institutional ownership; VANGUARD GROUP INC, holding 182,646 shares of the stock with an approximate value of $0.16 million in OLB stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $48000.0 in OLB stock with ownership of nearly 170.548% of the company’s market capitalization.

Positions in The OLB Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 10 institutional holders increased their position in The OLB Group Inc. [NASDAQ:OLB] by around 137,744 shares. Additionally, 7 investors decreased positions by around 854,072 shares, while 2 investors held positions by with 348,861 shares. The mentioned changes placed institutional holdings at 642,955 shares, according to the latest SEC report filing. OLB stock had 7 new institutional investments in for a total of 80,412 shares, while 5 institutional investors sold positions of 717,622 shares during the same period.