At the time of writing, Ooma Inc [OOMA] stock is trading at $10.97, up 24.94%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OOMA shares have gain 25.51% over the last week, with a monthly amount glided 7.65%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ooma Inc [NYSE: OOMA] stock has seen the most recent analyst activity on June 17, 2024, when Lake Street initiated its Buy rating and assigned the stock a price target of $14. On February 02, 2022, Colliers Securities initiated with a Buy rating and assigned a price target of $25 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $22 on July 22, 2020. Alliance Global Partners initiated its recommendation with a Buy and recommended $21 as its price target on March 16, 2020. BofA/Merrill downgraded its rating to Underperform for this stock on September 30, 2019. In a note dated November 28, 2018, William Blair upgraded an Outperform rating on this stock.
For the past year, the stock price of Ooma Inc fluctuated between $6.50 and $14.61. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Ooma Inc [NYSE: OOMA] shares were valued at $10.97 at the most recent close of the market. An investor can expect a potential return of 118.78% based on the average OOMA price forecast.
Analyzing the OOMA fundamentals
According to Ooma Inc [NYSE:OOMA], the company’s sales were 248.16M for trailing twelve months, which represents an 9.90% jump. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.06 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 9.61 points at the first support level, and at 8.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.77, and for the 2nd resistance point, it is at 12.57.
Ratios To Look Out For
It is important to note that Ooma Inc [NYSE:OOMA] has a current ratio of 1.15. As well, the Quick Ratio is 0.83, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 3.58.
Transactions by insiders
Recent insider trading involved Sabharwal Namrata, Chief Accounting Officer, that happened on Dec 29 ’23 when 8044.0 shares were sold. CEO and Pres., STANG ERIC B completed a deal on Dec 15 ’23 to buy 5000.0 shares. Meanwhile, CEO and Pres. STANG ERIC B bought 10000.0 shares on Dec 13 ’23.
