Audioboom Group (LON:BOOM) Trading 10.8% Higher – Still a Buy?

Audioboom Group plc (LON:BOOM)’s share price traded up 10.8% during trading on Monday . The stock traded as high as GBX 599.92 ($7.57) and last traded at GBX 596 ($7.52). 158,023 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 150,409 shares. The stock had previously closed at GBX 538 ($6.79).

Audioboom Group Price Performance

The stock has a market capitalization of £123.13 million, a price-to-earnings ratio of -12.10 and a beta of 1.21. The company has a 50 day moving average of GBX 404.02 and a 200 day moving average of GBX 287.32. 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 Activity at Audioboom Group

In other news, insider Michael Tobin purchased 2,700 shares of the stock in a transaction on Friday, January 31st. The stock was purchased at an average price of GBX 370 ($4.67) per share, with a total value of £9,990 ($12,602.50). Over the last ninety days, insiders acquired 10,000 shares of company stock worth $3,282,400. 30.13% of the stock is currently owned by insiders.

About Audioboom Group

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.