In yesterday’s Wall Street session, Oblong Inc (NASDAQ:OBLG) shares traded at $0.17, down -10.83% from the previous session.
OBLG stock price is now 30.20% away from the 50-day moving average and -35.26% away from the 200-day moving average. The market capitalization of the company currently stands at $3.53M.
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In other news, ADELMAN JASON T, Director sold 52,191 shares of the company’s stock on Oct 24 ’23. The stock was sold for $9,655 at an average price of $0.18. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16 ’23, Director Meredith Deborah Jean sold 7,373 shares of the business’s stock. A total of $10,504 was realized by selling the stock at an average price of $1.42. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, Oblong Inc has had a low of $0.10 and a high of $1.85. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.98, and a quick ratio of 3.90. The fifty day moving average price for OBLG is $0.1334 and a two-hundred day moving average price translates $0.26385 for the stock.
The latest earnings results from Oblong Inc (NASDAQ: OBLG) was released for 2023-12-31. The net profit margin was -160.06% and return on equity was -103.19% for OBLG. The company reported revenue of $0.63 million for the quarter, compared to $1.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -39.69 percent.
