Audioboom Group (LON:BOOM) Stock Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• The stock price of Audioboom Group has surged above its 50-day moving average, reaching a high of GBX 702 ($9.43) during trading.
• Audioboom has a market capitalization of £130.30 million and reported a PE ratio of 3,589.11, indicating a potentially overvalued stock.
• Insider activity includes purchase of 3,040 shares by Michael Tobin and a sale of 10,660 shares by Stuart Last, showing mixed sentiment among key stakeholders.

Audioboom Group plc (LON:BOOM - )'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 462.09 ($6.20) and traded as high as GBX 702 ($9.43). Audioboom Group shares last traded at GBX 694 ($9.32), with a volume of 780,922 shares changing hands.

Audioboom Group Price Performance

The firm has a market capitalization of £130.30 million, a PE ratio of 3,589.11 and a beta of 1.21. The stock has a 50-day moving average price of GBX 462.09 and a 200 day moving average price of GBX 397.78. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63.

Insider Transactions at Audioboom Group

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

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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