Audioboom Group (LON:BOOM) Hits New 12-Month High – Still a Buy?

Posted by Anthony Miller on Dec 13th, 2024

Audioboom Group plc (LON:BOOM – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 380 ($4.80) and last traded at GBX 360 ($4.54), with a volume of 552830 shares. The stock had previously closed at GBX 337 ($4.25).

Audioboom Group Trading Up 5.3 %

The stock has a 50-day moving average of GBX 235.34 and a 200 day moving average of GBX 234.10. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63. The stock has a market cap of £57.33 million, a PE ratio of -733.85 and a beta of 1.21.

Insider Buying and Selling at Audioboom Group

In related news, insider Michael Tobin bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average cost of GBX 205 ($2.59) per share, with a total value of £10,250 ($12,937.02). In the last ninety days, insiders acquired 25,620 shares of company stock worth $5,758,300. Company insiders own 30.13% of the company’s stock.

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.