Olo Inc (OLO) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.95 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.27 whereas the lowest price it dropped to was $5.09. The 52-week range on OLO shows that it touched its highest point at $6.84 and its lowest point at $4.20 during that stretch. It currently has a 1-year price target of $8.70. Beta for the stock currently stands at 1.27.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OLO was up-trending over the past week, with a rise of 3.59%, but this was up by 6.13% over a month. Three-month performance surged to 7.23% while six-month performance rose 5.27%. The stock lost -2.99% in the past year, while it has lost -9.27% so far this year. A look at the trailing 12-month EPS for OLO yields -0.15 with Next year EPS estimates of 0.24. For the next quarter, that number is 0.05. This implies an EPS growth rate of 36.67% for this year and 15.45% for next year.

Float and Shares Shorts:

At present, 108.47 million OLO shares are outstanding with a float of 104.45 million shares on hand for trading. On 2024-10-15, short shares totaled 1.87 million, which was 114.99999999999999 higher than short shares on 1726185600. In addition to Mr. Noah Herbert Glass as the firm’s Founder, CEO & Director, Mr. Peter J. Benevides serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.817 of OLO’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, OLO reported revenue of $70504000.0 and operating income of $977000.0. The EBITDA in the recently reported quarter was $9307000.0 and diluted EPS was $0.03.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OLO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.