Audioboom Group (LON:BOOM) Shares Down 10% - Should You Sell?

Key Points

• Audioboom Group's shares fell by 10% to GBX 558 ($7.43) amid increased trading volume, with 285,655 shares exchanged during the day.
• The company has a market capitalization of £100.28 million and a high P/E ratio of 2,762.38, indicating potential volatility in earnings.
• Insider trading activity included the purchase of 3,040 shares by Michael Tobin and the sale of 10,660 shares by Stuart Last, with insiders collectively holding 30.13% of the company's stock.

Audioboom Group plc (LON:BOOM - ) shares fell 10% during mid-day trading on Wednesday . The stock traded as low as GBX 558 ($7.43) and last traded at GBX 558 ($7.43). 285,655 shares traded hands during mid-day trading, an increase of 117% from the average session volume of 131,687 shares. The stock had previously closed at GBX 620 ($8.26).

Audioboom Group Stock Performance

The company has a 50 day moving average price of GBX 493.83 and a 200-day moving average price of GBX 404.27. The company has a current ratio of 1.06, a quick ratio of 1.77 and a debt-to-equity ratio of 69.63. The company has a market cap of £100.28 million, a P/E ratio of 2,762.38 and a beta of 1.21.

Insiders Place Their Bets

In other news, insider Michael Tobin bought 3,040 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The stock was acquired at an average cost of GBX 325 per share, with a total value of £9,880. Also, insider Stuart Last sold 10,660 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of GBX 480, for a total value of £51,168. Insiders own 30.13% of the company's stock.

Audioboom Group Company Profile

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.

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