Last Updated: 19 Sep 2024
Executive Summary
Oblong Inc (OBLG) is a technology company that provides multi-stream collaboration technologies and managed services for video collaboration and network applications. The company has a market capitalization of $30.78 million, an EBITDA of -$3.79 million, and a trailing PE ratio of 0.352. The latest stock price is $4.36.
Company Overview
Oblong Inc was founded in 2006 and is headquartered in Los Angeles, California. The company's products and services are used by businesses and organizations of all sizes to improve communication and collaboration. Oblong has a strong customer base, including Fortune 500 companies and government agencies.
Fundamental Analysis
Oblong Inc's financial performance has been mixed in recent years. The company has reported losses in each of the past three years. However, revenue has grown in each of the past two years. In 2023, Oblong reported revenue of $30.53 million, up 2.3% from the previous year. The company's gross profit margin was 50.6%, and its net loss was $3.79 million.
Oblong Inc's balance sheet is relatively strong. The company has $17.1 million in cash and equivalents and no debt. However, the company's book value is negative, which is a concern.
Technical Analysis
Oblong Inc's stock price has been in a downtrend since early 2023. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
Oblong Inc's stock price is likely to remain under pressure in the short term. The company's financial performance has been mixed, and the stock is trading below its moving averages. However, the stock is oversold, and a rebound could be possible in the near term.
Long Term Outlook
Oblong Inc's long-term outlook is more positive. The company has a strong customer base and a growing market opportunity. The company's financial performance is expected to improve in the coming years, and the stock price is likely to follow suit.
Analyst Recommendations
Analysts are mixed on Oblong Inc's stock. One analyst has a buy rating on the stock, while another has a hold rating. The average analyst price target is $15.00.
