Olo Inc (NYSE:OLO) shares, rose in value, with the stock price up by 3.31% to the previous day’s close as strong demand from buyers drove the stock to $5.00.
Actively observing the price movement in the last trading, the stock closed the session at $4.84. Referring to stock’s 52-week performance, its high was $8.84, and the low was $4.25. On the whole, OLO has fluctuated by -5.48% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 271.11M, with a low estimate of 64M and a high estimate of 64.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 64.29M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OLO’s technical picture suggests that short-term indicators denote the stock is a 75% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of OLO currently trading nearly -0.41% and -7.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.28, while the 7-day volatility ratio is showing 2.86% which for the 30-day chart, stands at 2.92%. Furthermore, Olo Inc (OLO)’s beta value is 1.29, and its average true range (ATR) is 0.16.
A comparison of Olo Inc (OLO) with its peers suggests the former has fared considerably weaker in the market. OLO showed an intraday change of 3.31% in last session, and over the past year, it shrunk by -28.16%%.
Data on historical trading for Olo Inc (NYSE:OLO) indicates that the trading volumes over the past 3 months, they’ve averaged 965.22K. According to company’s latest data on outstanding shares, there are 108.47 million shares outstanding.
Nearly 37.10% of Olo Inc’s shares belong to company insiders and institutional investors own 57.71% of the company’s shares. The stock has fallen by -12.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OLO stock heading into the next quarter.
