At the time of writing, Olo Inc [OLO] stock is trading at $6.10, up 1.50%. An important factor to consider is whether the stock is rising or falling in short-term value. The OLO shares have gain 3.92% over the last week, with a monthly amount glided 19.37%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Olo to Present at the Citi FinTech Conference. In a post published today on Yahoo Finance, Olo Inc. (NYSE:OLO), a leading restaurant technology provider, today announced that Noah Glass, Founder and CEO, and Peter Benevides, CFO, will present at the Citi FinTech Conference in New York, NY. The presentation is scheduled for Wednesday, February 28, 2024 at 1:15 p.m. Eastern Time.
From an analyst’s perspective:
Olo Inc [NYSE: OLO] stock has seen the most recent analyst activity on December 15, 2023, when Lake Street initiated its Buy rating and assigned the stock a price target of $7.50. Previously, William Blair downgraded its rating to Mkt Perform on November 07, 2023. On July 20, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $9 on the stock. BTIG Research started tracking the stock assigning a Neutral rating. Goldman initiated its recommendation with a Neutral and recommended $8.50 as its price target on October 19, 2022. Stifel downgraded its rating to Hold for this stock on August 12, 2022, and downed its price target to $9. In a note dated August 12, 2022, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $13 to $9.
For the past year, the stock price of Olo Inc fluctuated between $4.25 and $8.84. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Olo Inc [NYSE: OLO] shares were valued at $6.10 at the most recent close of the market. An investor can expect a potential return of 47.54% based on the average OLO price forecast.
Analyzing the OLO fundamentals
According to Olo Inc [NYSE:OLO], the company’s sales were 228.29M for trailing twelve months, which represents an 26.56% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.02 points at the first support level, and at 5.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.17, and for the 2nd resistance point, it is at 6.23.
Olo Inc [OLO] reported earnings per share of $0.05 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.05/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.04 per share as compared to estimates of $0.04 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It is important to note that Olo Inc [NYSE:OLO] has a current ratio of 5.78. On the other hand, the Quick Ratio is 5.78, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4.33, the price to book ratio is 1.53.
Transactions by insiders
Recent insider trading involved Panama Diego, Chief Revenue Officer, that happened on Dec 06 when 13293.0 shares were sold. CEO, Glass Noah H. completed a deal on Dec 06 to sell 8338.0 shares. Meanwhile, Chief Financial Officer Benevides Peter J. sold 7898.0 shares on Dec 06.
