Audioboom Group (LON:BOOM) Trading Up 20.5% - Here's Why

Key Points

• Shares jumped ~20.5% intraday, trading as high as GBX 610 (last GBX 605) on Friday with volume ~148,580 shares, a 114% increase versus the average daily volume.
• Company scale and fundamentals: Audioboom is a global podcast leader (about 98 million monthly downloads and 30 million unique listeners across 250 top podcasts), with a market cap of £109.1m, PE ~30, a quick ratio of 1.77 and low debt-to-equity (~14.6%).

Audioboom Group plc (LON:BOOM - ) was up 20.5% during mid-day trading on Friday . The stock traded as high as GBX 610 and last traded at GBX 605. Approximately 148,580 shares were traded during trading, an increase of 114% from the average daily volume of 69,386 shares. The stock had previously closed at GBX 502.

Audioboom Group Stock Up 20.8%

The stock has a market capitalization of £109.10 million, a PE ratio of 30.03 and a beta of 0.81. The firm's fifty day moving average is GBX 538.90 and its 200-day moving average is GBX 600.55. The company has a quick ratio of 1.77, a current ratio of 1.36 and a debt-to-equity ratio of 14.61.

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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