Ohmyhome (NASDAQ:OMH) Trading Down 2.4% – Here’s Why

Ohmyhome Limited (NASDAQ:OMH)’s share price dropped 2.4% during trading on Thursday . The company traded as low as $0.38 and last traded at $0.38. Approximately 65,636 shares changed hands during trading, a decline of 90% from the average daily volume of 646,120 shares. The stock had previously closed at $0.39.

Wall Street Analysts Forecast Growth

Separately, Maxim Group dropped their price objective on Ohmyhome from $3.00 to $1.50 and set a “buy” rating for the company in a report on Friday, September 27th.

Ohmyhome Price Performance

The business’s 50-day moving average is $0.41 and its two-hundred day moving average is $0.48.

Institutional Trading of Ohmyhome

An institutional investor recently bought a new position in Ohmyhome stock. Virtu Financial LLC acquired a new position in shares of Ohmyhome Limited (NASDAQ:OMH) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,066 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned 0.14% of Ohmyhome as of its most recent SEC filing. 0.73% of the stock is currently owned by hedge funds and other institutional investors.

Ohmyhome Company Profile

Ohmyhome Limited operates as a data and technology-driven property technology company in Singapore and Malaysia. It offers brokerage services that allows customers to purchase, sell, rent, or lease their properties on its platform. The company also offers other property-related services, including listing and research services comprising online property listings, property transaction guides, automated electronic valuation of listed properties, and calculators; mortgage advice and financing guidance services; and legal services, such as conveyancing, legal advice, and documentation preparation services.