OBOOK (NASDAQ:OWLS) Shares Up 10.4% – Time to Buy?

OBOOK Holdings Inc. (NASDAQ:OWLS) traded up 10.4% during trading on Monday . The stock traded as high as $6.10 and last traded at $5.97. 41,490 shares changed hands during trading, a decline of 7% from the average session volume of 44,382 shares. The stock had previously closed at $5.41.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded OBOOK to a “hold” rating in a report on Wednesday, October 29th.

OBOOK Stock Performance

The firm’s 50 day moving average is $6.70.

OBOOK (NASDAQ:OWLS) last issued its quarterly earnings data on Monday, December 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $1.92 million during the quarter.

OBOOK announced that its board has authorized a stock repurchase program on Thursday, November 27th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.