Oblong Inc Stock Performance
| OBLG Stock | USD 0.12 0.01 7.69% |
The company holds a Beta of 1.4, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Oblong will likely underperform. Oblong Inc has an expected return of -0.34%. Please make sure to check Oblong Inc treynor ratio, as well as the relationship between the daily balance of power and price action indicator , to decide if Oblong Inc performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Oblong Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's essential indicators remain nearly stable which may send shares a bit higher in May 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
Last Split Factor 1:15 | Dividend Date 2019-04-18 | Last Split Date 2023-01-04 |
1 | Why Intuitive Machines Shares Are Trading Lower By Around 30 Here Are 20 Stocks Moving Premarket - TradingView | 02/26/2024 |
2 | Oblong Announces Financial Results for Fourth Quarter 2023 and Provides Business Update | 03/19/2024 |
3 | Why Is Oblong Stock Up 83 percent Today | 03/20/2024 |
4 | Acquisition by Main Street Capital Corp of 145394 shares of Oblong at 0.35 subject to Rule 16b-3 | 04/08/2024 |
5 | Oblong Stock Price Up 6.5 percent - Defense World | 04/09/2024 |
| Begin Period Cash Flow | 3.1 M |
Oblong |
Oblong Relative Risk vs. Return Landscape
If you would invest 17.00 in Oblong Inc on January 25, 2024 and sell it today you would lose (5.00) from holding Oblong Inc or give up 29.41% of portfolio value over 90 days. Oblong Inc is currently does not generate positive expected returns and assumes 6.6174% risk (volatility on return distribution) over the 90 days horizon. In different words, 58% of stocks are less volatile than Oblong, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Oblong Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oblong's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Oblong Inc, and traders can use it to determine the average amount a Oblong's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0512
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| Negative Returns | OBLG |
Estimated Market Risk
| 6.62 actual daily | 58 58% of assets are less volatile |
Expected Return
| -0.34 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 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.
Oblong Fundamentals Growth
Oblong Stock prices reflect investors' perceptions of the future prospects and financial health of Oblong, and Oblong fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Oblong Stock performance.
| Return On Equity | -0.96 | ||||
| Return On Asset | -0.46 | ||||
| Profit Margin | (1.15) % | ||||
| Operating Margin | (1.08) % | ||||
| Current Valuation | (3.94 M) | ||||
| Shares Outstanding | 20.29 M | ||||
| Price To Earning | (0.78) X | ||||
| Price To Book | 0.47 X | ||||
| Price To Sales | 0.68 X | ||||
| Revenue | 3.81 M | ||||
| Gross Profit | 1.55 M | ||||
| EBITDA | (4.29 M) | ||||
| Net Income | (4.38 M) | ||||
| Cash And Equivalents | 5.11 M | ||||
| Cash Per Share | 0.17 X | ||||
| Total Debt | 17 K | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 3.31 X | ||||
| Book Value Per Share | 0.33 X | ||||
| Cash Flow From Operations | (2.99 M) | ||||
| Earnings Per Share | (0.98) X | ||||
| Market Capitalization | 2.47 M | ||||
| Total Asset | 6.92 M | ||||
| Retained Earnings | (228.23 M) | ||||
| Working Capital | 5.5 M | ||||
| Current Asset | 4.08 M | ||||
| Current Liabilities | 1.05 M | ||||
About Oblong Performance
To evaluate Oblong Inc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Oblong generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Oblong Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Oblong Inc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Oblong's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 26.89 | 38.32 | |
| Return On Tangible Assets | (0.63) | (0.66) | |
| Return On Capital Employed | (0.84) | (0.88) | |
| Return On Assets | (0.63) | (0.66) | |
| Return On Equity | (0.80) | (0.76) |
Things to note about Oblong Inc performance evaluation
Checking the ongoing alerts about Oblong for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Oblong Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Oblong Inc generated a negative expected return over the last 90 days | |
| Oblong Inc has high historical volatility and very poor performance | |
| Oblong Inc has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 3.81 M. Net Loss for the year was (4.38 M) with profit before overhead, payroll, taxes, and interest of 1.55 M. | |
| Oblong Inc currently holds about 5.11 M in cash with (2.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.17, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Oblong Stock Price Up 6.5 percent - Defense World |
- Analyzing Oblong's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Oblong's stock is overvalued or undervalued compared to its peers.
- Examining Oblong's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Oblong's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Oblong's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Oblong's stock. These opinions can provide insight into Oblong's potential for growth and whether the stock is currently undervalued or overvalued.
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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.