Audioboom Group (LON:BOOM) Hits New 1-Year High – Time to Buy?

by · The Markets Daily

Audioboom Group plc (LON:BOOM – Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 420 ($5.13) and last traded at GBX 420 ($5.13), with a volume of 50214 shares trading hands. The stock had previously closed at GBX 395 ($4.82).

Audioboom Group Trading Down 0.7 %

The business has a 50-day moving average price of GBX 306.73 and a two-hundred day moving average price of GBX 253.04. The company has a market cap of £66.18 million, a P/E ratio of -841.67 and a beta of 1.21. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63.

Insiders Place Their Bets

In related news, insider Michael Tobin acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average cost of GBX 205 ($2.50) per share, with a total value of £10,250 ($12,515.26). In the last three months, insiders bought 25,620 shares of company stock valued at $5,758,300. 30.13% of the stock is currently owned by insiders.

Audioboom Group Company Profile

(Get Free Report)

Audioboom Group plc, a podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States. The company's platform allows content distributed through Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook, and Twitter, as well as a partner's own websites and mobile apps.

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