Audioboom Group (LON:BOOM) Sets New 12-Month High - Should You Buy?

Audioboom Group plc (LON:BOOM) reached a new 52-week high during trading on Monday. The stock hit an impressive GBX 450 ($5.60) at its peak and closed at the same price, with a trading volume of 174,370 shares. This marks a significant increase from the previous closing price of GBX 410 ($5.10).

Audioboom Group Stock Performance

The company shows solid financial ratios with a quick ratio of 1.77 and a current ratio of 1.06. Its debt-to-equity ratio stands at 69.63. The market capitalization of Audioboom is £84.52 million, with a price-to-earnings ratio of -1,075.00, indicating challenges in profitability at the moment. The stock's fifty-day moving average is GBX 383.68 and the 200-day moving average is GBX 278.50, suggesting impressive growth in the short and long term.

Insider Activity

In recent insider movements, Michael Tobin purchased 5,000 shares on December 5th, at an average of GBX 292 ($3.63) per share for a total of £14,600 ($18,172.77). Additionally, insiders bought 10,000 shares valued at $3,282,400 in the last quarter, reflecting confidence in the company’s prospects. Insiders own about 30.13% of Audioboom's shares.

Audioboom Group Company Profile

Audioboom has established itself as a top player in the podcasting industry, boasting over 98 million downloads each month from approximately 30 million unique listeners worldwide. It is recognized as the fourth-largest podcast publisher in the U.S., by Triton Digital. The company’s ad-tech and monetization platform supports a robust content business, delivering commercial services for a premium network of 250 leading podcasts, including ‘Casefile True Crime’, ‘Morbid’, and ‘The Morning Toast’. Its in-house productions include popular shows such as ‘Dark Air with Terry Carnation’ and ‘What Makes A Killer’. Audioboom operates globally, collaborating across North America, Europe, Asia, and Australia.

Investment Considerations

Before deciding to invest, it's essential to note that while analysts currently rate Audioboom Group with a 'Hold', there may be better opportunities available. Research from various analysts has pointed out five other stocks that are viewed as more favorable for investment at this time.

Audioboom, Stocks, Investment