Extremely significant positive changes in Ooma Inc (NYSE: OOMA) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Notable positive changes in Ooma Inc (NYSE: OOMA) fundamentals have recently occurred: the consensus estimate for January, 2025 increased significantly, and the consensus estimate for January, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
OOMA is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Ooma has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ooma has a neutral Appreciation Score of 40 but a poor Power Rating of 18, resulting in the Lowest Value Trend Rating.
Recent Price Action
Ooma Inc (NYSE: OOMA) stock enjoyed a large increase of 4.3% on 6/28/24. The stock closed at $9.93. Moreover, exceptionally high trading volume at 841% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 16.1% during the last week.
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