Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Oblong Inc’s current trading price is -90.42% away from its 52-week high, while its distance from the 52-week low is 59.21%. The stock’s price range during this period has varied between $0.10 and $1.69. The company, active in the Technology sector, saw a trading volume of around 1.22 million for the day, considerably lower average daily volume of 7.73 million observed over the last three months.
Oblong Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $1.69 on 06/22/23, and the lowest price during the same period was recorded at $0.10 on 04/25/24.
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How Financial Performance Impacts Market Capitalization
Oblong Inc (OBLG) has experienced a quarterly rise of 19.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.52M and boasts a workforce of 21 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.1604, with a change in price of -0.0064. Similarly, Oblong Inc recorded 5,246,994 in trading volume during the last 100 days, posting a change of -3.81%.
How OBLG’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for OBLG stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
OBLG Stock Stochastic Average
As of today, the raw stochastic average of Oblong Inc over the past 50 days is 22.33%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 7.77%. Additionally, the Stochastic %K and %D values for the company were 5.63% and 10.37%, respectively, over the past 20 days.
OBLG Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -18.38%.However, over the last six months, we can see a stronger performance of -10.22%. Over the last 30 days, the price of OBLG has leaped by -0.86%. And in the last five days, it has fallen by -19.60%.
