Audioboom Group (LON:BOOM) Shares Up 16.5% - What's Next?

Key Points

• Audioboom Group plc shares surged by 16.5% during mid-day trading, reaching a high of GBX 694 ($9.33) before closing at GBX 629 ($8.46).
• The company, which is a major player in podcasting with over 98 million downloads each month, has a market capitalization of £114.66 million.
• Insider transactions included Stuart Last selling 10,660 shares and Michael Tobin acquiring 3,040 shares, indicating mixed insider sentiment.

Shares of Audioboom Group plc (LON:BOOM - ) rose 16.5% during mid-day trading on Friday . The stock traded as high as GBX 694 ($9.33) and last traded at GBX 629 ($8.46). Approximately 630,482 shares changed hands during mid-day trading, an increase of 406% from the average daily volume of 124,598 shares. The stock had previously closed at GBX 540 ($7.26).

Audioboom Group Stock Up 18.1%

The stock has a 50-day moving average of GBX 446.49 and a 200 day moving average of GBX 395.09. The company has a market capitalization of £114.66 million, a PE ratio of 3,158.42 and a beta of 1.21. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63.

Insiders Place Their Bets

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

About Audioboom Group

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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