Owlet (NYSE:OWLT) Trading 0.7% Higher – Time to Buy?

Owlet, Inc. (NYSE:OWLT) shares shot up 0.7% on Thursday . The stock traded as high as $4.63 and last traded at $4.53. 18,314 shares traded hands during trading, a decline of 60% from the average session volume of 46,083 shares. The stock had previously closed at $4.50.

Owlet Stock Up 0.7 %

The stock’s fifty day moving average price is $4.77 and its 200-day moving average price is $4.55. The company has a market capitalization of $72.64 million, a price-to-earnings ratio of -1.90 and a beta of 1.50.

Institutional Trading of Owlet

Several institutional investors and hedge funds have recently bought and sold shares of OWLT. Corsair Capital Management L.P. acquired a new position in shares of Owlet during the 3rd quarter worth approximately $2,598,000. Rosalind Advisors Inc. acquired a new position in shares of Owlet during the 3rd quarter worth about $1,212,000. Finally, Geode Capital Management LLC lifted its stake in Owlet by 31.0% in the 3rd quarter. Geode Capital Management LLC now owns 58,684 shares of the company’s stock valued at $264,000 after purchasing an additional 13,879 shares during the last quarter. Institutional investors own 72.60% 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.