The share price of Otonomo Technologies Ltd. (NASDAQ:OTMO) rose to $0.38 per share on Wednesday from $0.37. While Otonomo Technologies Ltd. has overperformed by 3.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OTMO fell by -89.81%, with highs and lows ranging from $4.70 to $0.20, whereas the simple moving average fell by -62.25% in the last 200 days.
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On June 03, 2022, Citigroup started tracking Otonomo Technologies Ltd. (NASDAQ: OTMO) recommending Neutral.
Analysis of Otonomo Technologies Ltd. (OTMO)
Further, the quarter-over-quarter increase in sales is 583.30%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Otonomo Technologies Ltd.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -62.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 24.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and OTMO is recording an average volume of 775.16K. On a monthly basis, the volatility of the stock is set at 13.07%, whereas on a weekly basis, it is put at 8.00%, with a gain of 3.12% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.27, showing growth from the present price of $0.38, which can serve as yet another indication of whether OTMO is worth investing in or should be passed over.
How Do You Analyze Otonomo Technologies Ltd. Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 28.08%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 48.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in OTMO shares?
The recent increase in stakes in OTMO appears to be a result of several institutional investors and hedge funds increasing their positions. Harel Mutual Funds Ltd. made another increased to its shares in OTMO during the first quarter, upping its stake by 3.39%. During the last quarter, the company picked up 71,975 additional shares for a total stake of worth $0.65 million, bringing number of shares owned by the company to 2,192,416.
At the end of the first quarter, AIG Asset Management decreased its OTMO holdings by -12.47% and now holds 0.99 million OTMO shares valued at $0.29 million with the lessened -0.14 million shares during the period. OTMO shares are owned by institutional investors to the tune of 48.80% at present.