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Oblong Inc is a software—application business based in the US. Oblong shares (OBLG) are listed on the NYSE and all prices are listed in US Dollars. Oblong employs 99 staff and has a trailing 12-month revenue of around USD$15.9 million.
Since the stock market crash in March caused by coronavirus, Oblong's share price has had significant positive movement.
Its last market close was USD$4.09, which is 65.77% up on its pre-crash value of USD$1.3999 and 238.02% up on the lowest point reached during the March crash when the shares fell as low as USD$1.21.
If you had bought USD$1,000 worth of Oblong shares at the start of February 2020, those shares would have been worth USD$1,082.19 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$2,801.36.
|Latest market close||USD$4.09|
|52-week range||USD$0.87 - USD$4.69|
|50-day moving average||USD$2.1534|
|200-day moving average||USD$1.832|
|Wall St. target price||USD$3.54|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-0.9674|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-22)||-3.99%|
|1 month (2020-09-29)||92.02%|
|3 months (2020-07-29)||34.54%|
|6 months (2020-04-29)||300.98%|
|1 year (2019-10-29)||265.18%|
|2 years (2018-10-29)||2,266.90%|
|3 years (2017-10-27)||1,373.87%|
|5 years (2015-10-29)||605.17%|
|Revenue TTM||USD$15.9 million|
|Gross profit TTM||USD$5.4 million|
|Return on assets TTM||-33.42%|
|Return on equity TTM||-123.32%|
|Market capitalisation||USD$14.4 million|
TTM: trailing 12 months
There are currently 33,563 Oblong shares held short by investors – that's known as Oblong's "short interest". This figure is 15.1% down from 39,539 last month.
There are a few different ways that this level of interest in shorting Oblong shares can be evaluated.
Oblong's "short interest ratio" (SIR) is the quantity of Oblong shares currently shorted divided by the average quantity of Oblong shares traded daily (recently around 95894.285714286). Oblong's SIR currently stands at 0.35. In other words for every 100,000 Oblong shares traded daily on the market, roughly 350 shares are currently held short.
However Oblong's short interest can also be evaluated against the total number of Oblong shares, or, against the total number of tradable Oblong shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Oblong's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Oblong shares in existence, roughly 10 shares are currently held short) or 0.009% of the tradable shares (for every 100,000 tradable Oblong shares, roughly 9 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Oblong.
Find out more about how you can short Oblong stock.
We're not expecting Oblong to pay a dividend over the next 12 months.
Oblong's shares were split on a 1:10 basis on 18 April 2019. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Oblong shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Oblong shares which in turn could have impacted Oblong's share price.
Oblong, Inc. provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Glowpoint and Oblong Industries. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations. The company offers managed videoconferencing, hybrid videoconferencing, video meeting suites, and webcasting services, as well as JoinMyVideo, an on-demand video meeting room service. It also provides remote service management services, including Resolve - Total Support, a management and support service; Helpdesk, which provides level 1 support; and Proactive Monitoring, a remote and automated monitoring service. In addition, the company offers Cloud Connect: Video that allows its customers to outsource the management of their video traffic; Cloud Connect: Converge, which provides customized multiprotocol label switching solutions; and Cloud Connect: Cross Connect that allows the customers to leverage their existing carrier for the extension of a layer 2 private line to its data center. Further, it provides professional services, such as onsite support or dispatch, as well as configuration or customization of equipment or software on behalf of customers; and resells video equipment to its customers. It serves customers in the enterprise, commercial, and public sector markets. The company was founded in 2000 and is headquartered in Los Angeles, California.
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