Owlet (NYSE:OWLT) Trading Up 2.6%

Shares of Owlet, Inc. (NYSE:OWLT) were up 2.6% during mid-day trading on Tuesday . The company traded as high as $4.45 and last traded at $4.40. Approximately 4,210 shares were traded during trading, a decline of 84% from the average daily volume of 26,764 shares. The stock had previously closed at $4.29.

Owlet Trading Up 2.6 %

The firm has a market cap of $39.42 million, a P/E ratio of -0.97 and a beta of 1.72. The business’s fifty day simple moving average is $4.51 and its 200-day simple moving average is $4.96.

Owlet (NYSE:OWLT) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The firm had revenue of $21.00 million for the quarter. During the same period in the previous year, the company earned ($1.96) EPS.

Insider Transactions at Owlet

In other news, CFO Kathryn R. Scolnick sold 7,267 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $4.96, for a total value of $36,044.32. Following the transaction, the chief financial officer now owns 88,770 shares of the company’s stock, valued at $440,299.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 40.60% of the company’s stock.

Owlet Company Profile

Owlet, Inc provides digital parenting solutions in the United States and internationally. The company's platform focuses on giving real-time data and insights to parents. It offers Dream Sock, a wearable infant health monitor equipped with pulse oximetry technology to track vitals signs, such as pulse rate, oxygen, activity, and sleep patterns; BabySat which is intended for infants with heightened health risk; Owlet Cam, a monitoring device in smartphones that offers video and audio, predictive sleep insights, and cry detections; and accessories, including Owlet Sleeper, as well as Duo and Dream Duo that combines Smart Sock with the Owlet Cam.