Audioboom Group (LON:BOOM) Reaches New 12-Month High – What’s Next?

Shares of Audioboom Group plc (LON:BOOMGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 680 ($8.58) and last traded at GBX 663.50 ($8.37), with a volume of 485905 shares traded. The stock had previously closed at GBX 605 ($7.63).

Audioboom Group Price Performance

The company has a market capitalization of £131.35 million, a P/E ratio of -12.90 and a beta of 1.21. The business’s 50-day simple moving average is GBX 404.02 and its 200 day simple moving average is GBX 287.32. The company has a current ratio of 1.06, a quick ratio of 1.77 and a debt-to-equity ratio of 69.63.

Insider Buying and Selling

In other Audioboom Group news, insider Michael Tobin bought 2,300 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average cost of GBX 358 ($4.52) per share, for a total transaction of £8,234 ($10,387.28). Insiders have acquired 10,000 shares of company stock worth $3,282,400 in the last ninety days. 30.13% of the stock is currently owned by corporate insiders.

Audioboom Group Company Profile

(Get Free Report)

Audioboom is a global leader in podcasting – our shows are downloaded more than 98 million times each month by 30 million unique listeners around the world. Audioboom is ranked as the fourth largest podcast publisher in the US by Triton Digital.

Audioboom’s ad-tech and monetisation platform underpins a scalable content business that provides commercial services for a premium network of 250 top tier podcasts, with key partners including ‘Casefile True Crime’ (US), ‘Morbid’ (US), ‘True Crime Obsessed’ (US), ‘The Morning Toast’ (US), ‘No Such Thing As A Fish’ (UK), and ‘The Cycling Podcast’ (UK).

The Audioboom Originals Network is a slate of content developed and produced by Audioboom including ‘Dark Air with Terry Carnation’, ‘RELAX!’, ‘Baby Mamas No Dramas’, ‘Covert’, ‘It’s Happening with Snooki & Joey’, ‘Mafia’, ‘Huddled Masses’ and ‘What Makes A Killer’.

Audioboom operates internationally, with operations and global partnerships across North America, Europe, Asia and Australia.

Further Reading

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