Oblong Inc [NASDAQ: OBLG] stock went on a downward path that fall over -17.82% on Thursday, amounting to a one-week price decrease of less than -35.25%.
Over the last 12 months, OBLG stock dropped by -89.45%. The one-year Oblong Inc stock forecast points to a potential upside of 99.27. The average equity rating for OBLG stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $3.18 million, with 27.96 million shares outstanding and 27.89 million shares in the current float. Compared to the average trading volume of 6.43M shares, OBLG stock reached a trading volume of 4058173 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Oblong Inc [OBLG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OBLG shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OBLG stock is a recommendation set at 1.00. 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 Oblong Inc is set at 0.02, with the Price to Sales ratio for OBLG stock in the period of the last 12 months amounting to 1.04. The Price to Book ratio for the last quarter was 0.64, with the Price to Cash per share for the same quarter was set at 0.21.
OBLG Stock Performance Analysis:
Oblong Inc [OBLG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -35.25. With this latest performance, OBLG shares dropped by -42.18% in over the last four-week period, additionally sinking by -32.20% over the last 6 months – not to mention a drop of -89.45% 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 OBLG stock in for the last two-week period is set at 30.22, with the RSI for the last a single of trading hit 22.83, and the three-weeks RSI is set at 35.90 for Oblong Inc [OBLG]. The present Moving Average for the last 50 days of trading for this stock 0.1863, while it was recorded at 0.1404 for the last single week of trading, and 0.1661 for the last 200 days.
Insight into Oblong Inc Fundamentals:
Oblong Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.98 and a Current Ratio set at 5.05.
Oblong Inc [OBLG] Institutonal Ownership Details
The top three institutional holders of OBLG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in OBLG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in OBLG stock with ownership which is approximately 5.1238%.
