Audioboom Group (LON:BOOM) Hits New 1-Year High – What’s Next?

Audioboom Group plc (LON:BOOM) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 436 ($5.33) and last traded at GBX 436 ($5.33), with a volume of 566482 shares traded. The stock had previously closed at GBX 405 ($4.96).

Audioboom Group Stock Down 1.2 %

The firm’s fifty day moving average price is GBX 323.91 and its 200-day moving average price is GBX 257.76. The company has a current ratio of 1.06, a quick ratio of 1.77 and a debt-to-equity ratio of 69.63. The company has a market cap of £68.80 million, a price-to-earnings ratio of -875.00 and a beta of 1.21.

Insider Buying and Selling

In related news, insider Michael Tobin bought 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of GBX 292 ($3.57) per share, with a total value of £14,600 ($17,863.70). In the last three months, insiders acquired 15,000 shares of company stock valued at $3,475,000. 30.13% of the stock is 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.