Audioboom Group (LON:BOOM) Reaches New 12-Month High – Still a Buy?

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

Audioboom Group Stock Performance

The company has a market capitalization of £68.80 million, a price-to-earnings ratio of -875.00 and a beta of 1.21. The company has a quick ratio of 1.77, a current ratio of 1.06 and a debt-to-equity ratio of 69.63. The stock has a 50 day moving average of GBX 323.91 and a 200 day moving average of GBX 257.76.

Insider Buying and Selling at Audioboom Group

In other Audioboom Group news, insider Michael Tobin purchased 5,000 shares of the stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of GBX 198 ($2.42) per share, with a total value of £9,900 ($12,113.06). In the last 90 days, insiders bought 15,000 shares of company stock worth $3,475,000. Insiders own 30.13% of the company’s stock.

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.