OBOOK (NASDAQ:OWLS) Stock Price Up 10.7% – Time to Buy?

OBOOK Holdings Inc. (NASDAQ:OWLS) shares traded up 10.7% on Wednesday . The company traded as high as $6.09 and last traded at $6.08. 33,682 shares were traded during trading, a decline of 23% from the average session volume of 43,955 shares. The stock had previously closed at $5.49.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of OBOOK to a “hold” rating in a research note on Wednesday, October 29th.

OBOOK Trading Up 10.6%

The firm has a 50 day moving average price of $6.32.

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

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

Institutional Investors Weigh In On OBOOK

An institutional investor recently bought a new position in OBOOK stock. Geode Capital Management LLC purchased a new stake in shares of OBOOK Holdings Inc. (NASDAQ:OWLS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,325 shares of the company’s stock, valued at approximately $243,000.

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.