Olo Inc (NYSE:OLO) price on Wednesday, November 13, fall -3.33% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.67.
A look at the stock’s price movement, the close in the last trading session was $6.90, moving within a range at $6.54 and $7.13. The beta value (5-Year monthly) was 1.262. Turning to its 52-week performance, $7.04 and $4.20 were the 52-week high and 52-week low respectively. Overall, OLO moved 36.12% over the past month.
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Olo Inc’s market cap currently stands at around $1.09 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 72.4M for the company’s revenue for the quarter, with a low and high estimate of 71.68M and 72.95M respectively. The average forecast suggests up to a 14.90% 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 280.98M, representing a 23.10% 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 100% Buy. On the other hand, the stock is on average a 100% 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 23.84% and 31.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 78.91, while 7-day volatility ratio is 9.82% and 5.08% in the 30-day chart. Further, Olo Inc (OLO) has a beta value of 1.40, and an average true range (ATR) of 0.31. 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 -34.93% off current price level while to achieve the yearly target high, price needs to move -34.93%. Nonetheless, investors will most likely welcome a -34.93% 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 1.84 over the past 10 days and 998.19K 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 55.25% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.83 million on 2024-10-31, giving us a short ratio of 2.3. The data shows that as of 2024-10-31 short interest in Olo Inc (OLO) stood at 252.0 of shares outstanding, with shares short rising to 1.8 million registered in 2024-09-30. Current price change has pushed the stock 16.61% 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.
