OBOOK (NASDAQ:OWLS) Shares Gap Down – Here’s Why

Shares of OBOOK Holdings Inc. (NASDAQ:OWLS) gapped down prior to trading on Thursday . The stock had previously closed at $6.39, but opened at $5.95. OBOOK shares last traded at $5.95, with a volume of 1,353 shares traded.

Wall Street Analyst Weigh In

Separately, Benchmark assumed coverage on OBOOK in a research report on Wednesday, April 15th. They issued a “buy” rating and a $11.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $11.00.

OBOOK Stock Down 1.6%

The company’s 50-day moving average is $5.90.

OBOOK (NASDAQ:OWLS) last released its quarterly earnings results on Monday, December 29th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $1.92 million during the quarter.

Institutional Investors Weigh In On OBOOK

A hedge fund recently bought a new stake in OBOOK stock. Geode Capital Management LLC purchased a new stake in shares of OBOOK Holdings Inc. (NASDAQ:OWLS) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,325 shares of the company’s stock, valued at approximately $243,000.

About OBOOK

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.