OBOOK (NASDAQ:OWLS) Issues Quarterly Earnings Results

OBOOK (NASDAQ:OWLS) released its earnings results on Saturday. The company reported ($0.12) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $1.94 million during the quarter.

OBOOK Stock Performance

OBOOK stock opened at $5.63 on Monday. The stock’s 50 day simple moving average is $5.54 and its two-hundred day simple moving average is $5.75. OBOOK has a 12 month low of $5.10 and a 12 month high of $90.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OBOOK stock. Geode Capital Management LLC purchased a new position in OBOOK Holdings Inc. (NASDAQ:OWLS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,325 shares of the company’s stock, valued at approximately $243,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of OBOOK from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.00.

About OBOOK

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.