OOMA Stock Summary and Trading Ideas (Ooma | NYSE:OOMA)

Ooma Inc is a communications services company. It is a smart software-as-a-service ("SaaS") and unified communications platform that deliver voice and collaboration features including messaging, intelligent virtual attendants and video conferencing, and residential phone service provides PureVoice high-definition voice quality, advanced functionality and integration with mobile devices. Its services rely upon the following main elements: multi-tenant cloud service, on-premise devices, desktop and mobile applications, and calling platforms. Ooma generates revenues from the sale of subscriptions and other services.

Ooma trades on the NYSE stock market under the symbol OOMA.

As of April 19, 2024, OOMA stock price climbed to $7.06 with 110,529 million shares trading.

OOMA has a beta of 0.97, meaning it tends to be less sensitive to market movements. OOMA has a correlation of 0.13 to the broad based SPY ETF.

OOMA has a market cap of $182.15 million. This is considered a Micro Cap stock.

Last quarter Ooma reported $62 million in Revenue and $.13 earnings per share. This beat revenue expectation by $216,000 and exceeded earnings estimates by $.01.

In the last 3 years, OOMA stock traded as high as $24.89 and as low as $6.86.

The top ETF exchange traded funds that OOMA belongs to (by Net Assets): VTI, IWM, VXF, IWO, VTWO.

OOMA has underperformed the market in the last year with a price return of -43.4% while the SPY ETF gained +21.2%. OOMA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -33.2% and -11.9%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

OOMA support price is $6.81 and resistance is $7.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OOMA stock will trade within this expected range on the day.