Owlet (NYSE:OWLT) Stock Price Up 0.7% - Here's What Happened

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

Owlet Price Performance

The company has a market cap of $72.80 million, a price-to-earnings ratio of -1.90 and a beta of 1.50. The business's 50-day simple moving average is $4.76 and its 200-day simple moving average is $4.55.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rosalind Advisors Inc. acquired a new stake in shares of Owlet during the 3rd quarter worth about $1,212,000. Corsair Capital Management L.P. purchased a new position in shares of Owlet during the third quarter valued at approximately $2,598,000. Finally, Geode Capital Management LLC boosted its position in Owlet by 31.0% during the third quarter. Geode Capital Management LLC now owns 58,684 shares of the company's stock worth $264,000 after acquiring an additional 13,879 shares during the last quarter. 72.60% of the stock is currently owned by institutional investors and hedge funds.

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.