Oblong Inc Stock Today

OBLG Stock  USD 3.51  0.02  0.57%   

Performance

4 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Less than 10

 
High
 
Low
Low
Oblong is trading at 3.51 as of the 28th of November 2024. This is a 0.57 percent decrease since the beginning of the trading day. The stock's lowest day price was 3.42. Oblong has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Oblong Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
19th of June 1995
Category
Technology
Classification
Information Technology
Oblong Inc., together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. Further, it provides professional services, such as software development, visual and interaction design, engineering, and project support services and resells video equipment to its customers. The company has 1.14 M outstanding shares of which 16.75 K shares are now shorted by private and institutional investors with about 0.23 trading days to cover. More on Oblong Inc

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Oblong Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President BoardPeter Holst
Business ConcentrationApplication Software, Software - Application, Information Technology, NASDAQ Composite, Information Technology, Software, Software—Application, Technology (View all Sectors)
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.520.5502
Notably Down
Slightly volatile
Gross Profit Margin0.290.2391
Fairly Up
Slightly volatile
Total Current Liabilities1.3 M1.4 M
Notably Down
Pretty Stable
Non Current Liabilities Total24.7 K26 K
Notably Down
Slightly volatile
Total Assets6.6 M6.9 M
Notably Down
Very volatile
Total Current Assets9.2 M6.9 M
Significantly Up
Slightly volatile
Debt Levels
Oblong can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Oblong's financial leverage. It provides some insight into what part of Oblong's total assets is financed by creditors.
Liquidity
Oblong Inc currently holds 17 K in liabilities with Debt to Equity (D/E) ratio of 0.04, which may suggest the company is not taking enough advantage from borrowing. Oblong Inc has a current ratio of 3.24, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Oblong's use of debt, we should always consider it together with its cash and equity.

Change In Working Capital

217,350
Oblong Inc (OBLG) is traded on NASDAQ Exchange in USA. It is located in 110 16th Street, Denver, CO, United States, 80202 and employs 17 people. Oblong is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 3.69 M. Oblong Inc conducts business under Software sector and is part of Information Technology industry. The entity has 1.14 M outstanding shares of which 16.75 K shares are now shorted by private and institutional investors with about 0.23 trading days to cover. 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.
Check Oblong Probability Of Bankruptcy
Ownership Allocation
Roughly 99.06 pct. of Oblong outstanding shares are held by general public with 0.16 % owned by insiders and only 0.78 (%) by third-party entities.
Check Oblong Ownership Details

Oblong Stock Institutional Holders

InstituionRecorded OnShares
Stone House Investment Management, Llc2024-09-30
1.0
Ncp Inc.2024-09-30
1.0
Goldman Sachs Group Inc2024-06-30
0.0
Citadel Advisors Llc2024-09-30
0.0
Scientech Research Llc2024-09-30
0.0
Vanguard Group Inc2024-09-30
0.0
Geode Capital Management, Llc2024-09-30
0.0
Xtx Topco Ltd2024-06-30
0.0
Hrt Financial Llc2024-06-30
153.8 K
Ubs Group Ag2024-06-30
123.1 K
Two Sigma Securities, Llc2024-06-30
76.4 K
View Oblong Diagnostics

Oblong Historical Income Statement

At this time, Oblong's Preferred Stock And Other Adjustments is most likely to increase significantly in the upcoming years. The Oblong's current Non Recurring is estimated to increase to about 1.5 M, while Interest Expense is projected to decrease to roughly 26.6 K. View More Fundamentals

Oblong Stock Against Markets

Oblong Corporate Management

When determining whether Oblong Inc is a strong investment it is important to analyze Oblong's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Oblong's future performance. For an informed investment choice regarding Oblong Stock, refer to the following important reports:
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 closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Application Software space 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
11.14
Revenue Per Share
5.319
Quarterly Revenue Growth
(0.34)
Return On Assets
(0.38)
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.