A new trading day began on Friday, with Olo Inc (NYSE: OLO) stock price down -3.29% from the previous day of trading, before settling in for the closing price of $5.16. OLO’s price has ranged from $4.25 to $8.84 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 50.52% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 29.41%. With a float of $101.83 million, this company’s outstanding shares have now reached $108.47 million.
In an organization with 683 employees, it is important to assess its efficiency.
Olo Inc (OLO) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Olo Inc is 37.10%, while institutional ownership is 57.13%. The most recent insider transaction that took place on Mar 06 ’24, was worth 105,671. In this transaction Chief Financial Officer of this company sold 18,885 shares at a rate of $5.60, taking the stock ownership to the 435,192 shares. Before that another transaction happened on Mar 06 ’24, when Company’s CEO sold 16,571 for $5.60, making the entire transaction worth $92,718. This insider now owns 332,971 shares in total.
Olo Inc (OLO) Latest Financial update
In its latest quarterly report, released on 12/31/2023, the company reported earnings of $0.05 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 29.41% per share during the next fiscal year.
Olo Inc (NYSE: OLO) Trading Performance Indicators
Here are Olo Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.36, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.23 in one year’s time.
Technical Analysis of Olo Inc (OLO)
Let’s dig in a bit further. During the last 5-days, its volume was 0.81 million. That was inferior than the volume of 0.97 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 17.39%. Additionally, its Average True Range was 0.19.
During the past 100 days, Olo Inc’s (OLO) raw stochastic average was set at 10.63%, which indicates a significant increase from 5.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.68% in the past 14 days, which was lower than the 41.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.55, while its 200-day Moving Average is $5.81. However, in the short run, Olo Inc’s stock first resistance to watch stands at $5.10. Second resistance stands at $5.22. The third major resistance level sits at $5.29. If the price goes on to break the first support level at $4.91, it is likely to go to the next support level at $4.84. The third support level lies at $4.72 if the price breaches the second support level.
Olo Inc (NYSE: OLO) Key Stats
With a market capitalization of 807.88 million, the company has a total of 161,896K Shares Outstanding. Currently, annual sales are 228,290 K while annual income is -58,290 K. The company’s previous quarter sales were 63,000 K while its latest quarter income was -15,750 K.
