Audioboom Group (LON:BOOM) Hits New 52-Week High – Here’s Why

Posted by James Nelson on Dec 13th, 2024

Shares of Audioboom Group plc (LON:BOOM – Get Free Report) reached a new 52-week high during mid-day 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 changing hands. The stock had previously closed at GBX 337 ($4.25).

Audioboom Group Stock Performance

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

Insiders Place Their Bets

In other news, insider Michael Tobin purchased 10,620 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was acquired at an average price of GBX 215 ($2.71) per share, with a total value of £22,833 ($28,818.63). Insiders purchased 25,620 shares of company stock valued at $5,758,300 in the last three months. 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.