Owlet (NYSE:OWLT) Trading Down 9%

Owlet, Inc. (NYSE:OWLT) shares were down 9% during mid-day trading on Wednesday . The company traded as low as $3.73 and last traded at $3.73. Approximately 14,072 shares were traded during trading, a decline of 45% from the average daily volume of 25,411 shares. The stock had previously closed at $4.10.

Owlet Stock Performance

The firm’s 50 day simple moving average is $4.12 and its 200 day simple moving average is $4.74. The firm has a market capitalization of $35.78 million, a price-to-earnings ratio of -1.13 and a beta of 1.55.

Owlet (NYSE:OWLT) last issued its earnings results on Monday, May 6th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.25). The company had revenue of $14.80 million for the quarter. As a group, sell-side analysts forecast that Owlet, Inc. will post -0.76 earnings per share for the current year.

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.