Olo Inc (NYSE:OLO) price on Thursday, October 24, rose 4.74% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.08.
A look at the stock’s price movement, the close in the last trading session was $4.85, moving within a range at $4.85 and $5.17. The beta value (5-Year monthly) was 1.275. Turning to its 52-week performance, $6.84 and $4.20 were the 52-week high and 52-week low respectively. Overall, OLO moved 4.31% over the past month.
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Olo Inc’s market cap currently stands at around $823.52 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 70.94M for the company’s revenue for the quarter, with a low and high estimate of 70.19M and 71.3M respectively. The average forecast suggests up to a 22.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 280.14M, representing a 22.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OLO is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend OLO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OLO’s current price about 4.79% and 1.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.03, while 7-day volatility ratio is 3.65% and 2.94% in the 30-day chart. Further, Olo Inc (OLO) has a beta value of 1.27, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $9 and high of $9. Looking at the price targets, the low is -77.17% off current price level while to achieve the yearly target high, price needs to move -77.17%. Nonetheless, investors will most likely welcome a -77.17% jump to $9 which is the analysts’ median price.
If we refocus on Olo Inc (NYSE:OLO), historical trading data shows that trading volumes averaged 0.74 over the past 10 days and 934.96K over the past 3 months. The company’s latest data on shares outstanding shows there are 108.47 million shares.
The 35.57% of Olo Inc’s shares are in the hands of company insiders while institutional holders own 55.69% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.8 million on 2024-09-30, giving us a short ratio of 2.42. The data shows that as of 2024-09-30 short interest in Olo Inc (OLO) stood at 251.00000000000003 of shares outstanding, with shares short falling to 1.99 million registered in 2024-08-30. Current price change has pushed the stock -11.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OLO stock continues to rise going into the next quarter.
