OBLG’s latest rating updates from top analysts.


Oblong Inc.’s recently made public that its Director Meredith Deborah Jean unloaded Company’s shares for reported $10504.0 on Jun 16. In the deal valued at $1.42 per share,7,373 shares were sold. As a result of this transaction, Meredith Deborah Jean now holds 0 shares worth roughly $ 0.0.

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Then, Meredith Deborah Jean sold 3,671 shares, generating $5,530 in total proceeds. Upon selling the shares at $1.51, the Director now owns 7,673 shares.

Before that, Meredith Deborah Jean sold 6,556 shares. Oblong Inc. shares valued at $10,796 were divested by the Director at a price of $1.65 per share. As a result of the transaction, Meredith Deborah Jean now holds 11,344 shares, worth roughly $8508.0.

Price Performance Review of OBLG

On Friday, Oblong Inc. [NASDAQ:OBLG] saw its stock jump 1.37% to $0.75. On the same session, the stock had its day’s lowest price of $0.7128, but rose to a high of $0.75. Over the last five days, the stock has gained 7.14%. Oblong Inc. shares have fallen nearly -57.48% since the year began. Nevertheless, the stocks have fallen -80.43% over the past one year. While a 52-week high of $9.68 was reached on 01/30/23, a 52-week low of $0.65 was recorded on 08/25/23. SMA at 50 days reached $1.1335, while 200 days put it at $1.8424. A total of 58831.0 shares were traded, compared to the trading of 0.1 million shares in the previous session.

Levels Of Support And Resistance For OBLG Stock

The 24-hour chart illustrates a support level at 0.7252, which if violated will result in even more drops to 0.7004. On the upside, there is a resistance level at 0.7624. A further resistance level may holdings at 0.7748. The Relative Strength Index (RSI) on the 14-day chart is 32.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0251, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.18%. Stochastics %K at 23.59% indicates the stock is a holding.

How much short interest is there in Oblong Inc.?

A steep rise in short interest was recorded in Oblong Inc. stocks on Aug 14, 2023, growing by 21290.0 shares to a total of 31850.0 shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 10560.0 shares. There was a rise of 66.84%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.21.

Oblong Inc. [OBLG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 45,359 shares, or roughly 1.76% of the outstanding OBLG shares.. At present, Tower Research Capital LLC is holding 7,810 shares valued at $10075.0. Barclays Bank Plc owned 2,600 shares of the company at the time of its most recent 13F filing, worth $3354.0.

According to FactSet, Oblong Inc.’s share price will average $15.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1927.03 percent from its previous closing price of $0.74. Analysts expect Oblong Inc. stock to reach the higher price of $15.00, while the lowest price estimate is $15.00. However, 1 analyst have rated OBLG stock as a Buy in their predictions for 2023.


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