Monday, November 29, 2021

Optibase Ltd. (OBAS) stock is rising in premarket, Why is this happening?

At last check in premarket trading, shares of Optibase Ltd. (OBAS) were up 21.09% at $15.50. OBAS’s stock closed the last session at $12.80, increasing 11.30% or $1.3. Shares of the company fluctuated between $11.94 and $13.0838 throughout the day. The number of shares exchanged was 6759.0, greater than the company’s 50-day daily volume of 772.0 and higher than its Year-to-date volume of 871.0.


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In the past 12 months, the company’s stock has advanced 24.88%, and in the last one week, the stock has moved up 13.27%. For the last six months, the stock has gained a total of 14.49%, and over the last three months, the stock has increased by 6.67%. The stock has returned 7.83% so far this year. Additionally, the stock is trading at a price-to-earnings ratio of 11.18.


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Optibase Ltd. (NASDAQ: OBAS), investing in fixed-income real estate areas and presently holding various assets and properties for projects in multiple countries, saw a surge in stock price due to the rising interest of investors in the real estate vicinity.

About Optibase ltd

In the last 5 years, Optibase Ltd saw its revenue climb at 3.1% per annum however the company did not uphold a profitable stance for the last 12 months. Furthermore, the consistent increase in revenue was a positive indicator of the company’s financial condition with OBAS stock price increasing 24.88% since the past year.

Additionally, Optibase does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.52 and returns equity of 3.7%. The combination of a rather low ROE and high amount of debt has made shareholders skeptical about the company, however, savvy decisions such as the CEO of the company being paid less than the median at similarly valued companies also emphasized OBAS priorities raising investor interest. Since the last 3 years, OBS has also seen a surge in its EPS by 17% per year.

Conclusion:

OBAS operates in the lucrative field of real estate as well as ownership of assets in various countries. Its long-term revenue growth has proven to anticipate great sales, with savvy decisions like paying the CEO less than the median increasing investor interest.

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