Oblong Inc Stock Price on December 8, 2020
| OBLG Stock | USD 0.13 0 3.08% |
Below is the normalized historical share price chart for Oblong Inc extending back to June 16, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Oblong stands at 0.13, as last reported on the 16th of April 2024, with the highest price reaching 0.14 and the lowest price hitting 0.13 during the day.
If you're considering investing in Oblong Stock, it is important to understand the factors that can impact its price. Oblong Inc maintains Sharpe Ratio (i.e., Efficiency) of -0.023, which implies the firm had a -0.023% return per unit of risk over the last 3 months. Oblong Inc exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oblong's Risk Adjusted Performance of 0.019, coefficient of variation of 6251.32, and Semi Deviation of 5.11 to confirm the risk estimate we provide.
At this time, Oblong's Common Stock is most likely to decrease significantly in the upcoming years. The Oblong's current Preferred Stock And Other Adjustments is estimated to increase to about 972 K, while Other Stockholder Equity is projected to decrease to roughly 162.9 M. . At this time, Oblong's Price Fair Value is most likely to increase significantly in the upcoming years. Oblong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 19th of June 1995 | 200 Day MA 0.4333 | 50 Day MA 0.1546 | Beta 3.057 |
Oblong |
Sharpe Ratio = -0.023
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| Negative Returns | OBLG |
Estimated Market Risk
| 6.85 actual daily | 60 60% of assets are less volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Oblong is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Oblong by adding Oblong to a well-diversified portfolio.
Price Book 0.4717 | Enterprise Value Ebitda 0.848 | Price Sales 0.681 | Shares Float 16.7 M | Wall Street Target Price 15 |
Oblong Valuation on December 8, 2020
It is possible to determine the worth of Oblong on a given historical date. On December 8, 2020 Oblong was worth 0.63 at the beginning of the trading date compared to the closed value of 9.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Oblong stock. Still, in general, we apply an absolute valuation method to find Oblong's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Oblong where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Oblong's related companies.
| Open | High | Low | Close | Volume | |
04/01/2022 | 0.63 | 9.56 | 9.56 | 9.56 | 4,908 |
| 0.66 | 10.09 | 10.09 | 10.09 | 5,208 |
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Oblong Trading Date Momentum on December 8, 2020
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Oblong Inc Fundamentals Correlations and Trends
By evaluating Oblong's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Oblong's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Oblong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Oblong Stock history
Oblong investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Oblong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oblong Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Oblong stock prices may prove useful in developing a viable investing in Oblong
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 5.6 M | 5.9 M | |
| Net Loss | -19.7 M | -18.8 M |
Oblong Stock Technical Analysis
Oblong technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Oblong Period Price Range
Low | April 1, 2022
| High |
0.63 | 9.56 |
Oblong April 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Oblong stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oblong shares will generate the highest return on investment. By undertsting and applying Oblong stock market strength indicators, traders can identify Oblong Inc entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 15.17 | |||
| Day Median Price | 9.56 | |||
| Day Typical Price | 9.56 | |||
| Price Action Indicator | 4.47 | |||
| Period Momentum Indicator | (9.43) |
Oblong Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oblong's price direction in advance. Along with the technical and fundamental analysis of Oblong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oblong to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.019 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | 0.0033 | |||
| Treynor Ratio | 0.0573 |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oblong Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Oblong Stock analysis
When running Oblong's price analysis, check to measure Oblong's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oblong is operating at the current time. Most of Oblong's value examination focuses on studying past and present price action to predict the probability of Oblong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oblong's price. Additionally, you may evaluate how the addition of Oblong to your portfolios can decrease your overall portfolio volatility.
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Is Oblong's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Oblong. If investors know Oblong will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Oblong listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Earnings Share (0.98) | Revenue Per Share 0.681 | Quarterly Revenue Growth (0.34) | Return On Assets (0.46) |
The market value of Oblong Inc is measured differently than its book value, which is the value of Oblong that is recorded on the company's balance sheet. Investors also form their own opinion of Oblong's value that differs from its market value or its book value, called intrinsic value, which is Oblong's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Oblong's market value can be influenced by many factors that don't directly affect Oblong's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Oblong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oblong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oblong's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.