Audioboom Group (LON:BOOM) Trading Up 11.8% - Still a Buy?

Key Points

• Audioboom Group shares surged 11.8% during mid-day trading, reaching GBX 570 ($7.65), marking significant interest as the stock had closed at GBX 510 ($6.85) previously.
• The company's debt-to-equity ratio stands at 69.63, with a market capitalization of £104.87 million and a price-to-earnings ratio of 28.89.
• Insider trading activity was noted, with Stuart Last selling 10,660 shares at an average price of GBX 480, contributing to 30.13% insider ownership overall.

Audioboom Group plc (LON:BOOM - ) shares shot up 11.8% during mid-day trading on Monday . The stock traded as high as GBX 570 ($7.65) and last traded at GBX 570 ($7.65). 143,308 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 132,823 shares. The stock had previously closed at GBX 510 ($6.85).

Audioboom Group Stock Performance

The stock has a 50 day moving average price of GBX 505.23 and a two-hundred day moving average price of GBX 406.27. The company has a debt-to-equity ratio of 69.63, a current ratio of 1.06 and a quick ratio of 1.77. The company has a market capitalization of £104.87 million, a price-to-earnings ratio of 28.89 and a beta of 1.21.

Insider Buying and Selling at Audioboom Group

In other Audioboom Group news, insider Stuart Last sold 10,660 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of GBX 480, for a total transaction of £51,168. 30.13% of the stock is currently owned by corporate 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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