Obalon Therapeutics Inc. (NASDAQ:OBLN) has a beta of -1.24. The stock’s Relative Strength Index (RSI) is 59.58, with weekly volatility at 9.23% and ATR at 0.50. The OBLN stock’s 52-week price range has touched low of $0.66 and a $10.77 high. Its shares traded higher over the last trading session, gaining 8.98% on 06/09/21. The shares fell to a low of $3.31 before closing at $3.64. Intraday shares traded counted 1.03 million, which was 73.87% higher than its 30-day average trading volume of 3.95M. OBLN’s previous close was $3.34 while the outstanding shares total 9.44M.
Investors have identified the Medical Devices company Obalon Therapeutics Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $35.49 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Obalon Therapeutics Inc. (OBLN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For OBLN, the company has in raw cash 8.97 million on their books with 0.43 million currently as liabilities. How the trend is over time is what investors should be concerned about. In terms of their assets, the company currently has 12.79 million total, with 6.86 million as their total liabilities.
OBLN were able to record -4.44 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by 5.07 million. In cash movements, the company had a total of -4.44 million as operating cash flow.
Having a look at the companyâ€™s valuation, the company is expected to record -6.04 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OBLN sounds very interesting.
Is the stock of OBLN attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 3.23%.