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Audioboom Group (LON:BOOM) Share Price Crosses Above 50 Day Moving Average - What's Next?

Audioboom Group logo with Communication Services background
Image from MarketBeat Media, LLC.

Key Points

  • Technical breakout: Audioboom's share price crossed above its 50‑day moving average (GBX 550.40) and was trading at GBX 638.98 (high GBX 640) on volume of 32,727 shares, leaving it above the 200‑day MA (GBX 606.54) and up about 1.4%.
  • Valuation and risk metrics: The company has a market cap of £114.92 million, a P/E of 31.63 and a beta of 2.21, with leverage and liquidity metrics showing a debt‑to‑equity of 7.45, quick ratio 1.77 and current ratio 1.27.
  • Business profile: Audioboom is a global podcast leader (≈98 million monthly downloads, 30 million unique listeners), ranked fourth in the US with ~250 premium podcasts and an ad‑tech monetisation platform plus an Originals slate.
  • MarketBeat previews top five stocks to own in June.

Audioboom Group plc (LON:BOOM - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 550.40 and traded as high as GBX 640. Audioboom Group shares last traded at GBX 638.98, with a volume of 32,727 shares traded.

Audioboom Group Stock Up 1.4%

The firm has a market cap of £114.92 million, a price-to-earnings ratio of 31.63 and a beta of 2.21. The company has a debt-to-equity ratio of 7.45, a quick ratio of 1.77 and a current ratio of 1.27. The business's 50-day moving average is GBX 550.40 and its 200-day moving average is GBX 606.54.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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