Olo Inc (NYSE:OLO) shares, rose in value on Friday, March 28, with the stock price down by -4.21% to the previous day’s close as strong demand from buyers drove the stock to $6.15.
Actively observing the price movement in the last trading, the stock closed the session at $6.42, falling within a range of $6.13 and $6.4. The value of beta (5-year monthly) was 1.416. Referring to stock’s 52-week performance, its high was $8.35, and the low was $4.20. On the whole, OLO has fluctuated by -8.48% over the past month.
With the market capitalization of Olo Inc currently standing at about $1.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 334.93M, with a low estimate of 77.24M and a high estimate of 77.63M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 77.47M.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of OLO currently trading nearly -3.39% and -10.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.53, while the 7-day volatility ratio is showing 2.79% which for the 30-day chart, stands at 3.90%. Furthermore, Olo Inc (OLO)’s beta value is 1.40, and its average true range (ATR) is 0.26.
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 -4.21% in last session, and over the past year, it grew by 17.37%%.
Data on historical trading for Olo Inc (NYSE:OLO) indicates that the trading volumes over the past 10 days have averaged 0.95 and over the past 3 months, they’ve averaged 1.25 million. According to company’s latest data on outstanding shares, there are 115.64 million shares outstanding.
Nearly 33.70% of Olo Inc’s shares belong to company insiders and institutional investors own 57.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.24 million shares as on 2025-03-14, resulting in a short ratio of 1.89. According to the data, the short interest in Olo Inc (OLO) stood at 419.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 3.71 million. The stock has fallen by -19.92% 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.
