Long Story Short: Time To Watch One Horizon Group, Inc. (OHGI)

In the period that ended January 31, 2019, short interest in One Horizon Group, Inc. (NASDAQ:OHGI) stock is on the rise. The 72.58% advance could be an indication that investors and traders expect a deterioration in the stock price, often as a result of a deterioration in the business’ fundamentals. The average analyst recommendations at 0 suggests selling these shares. Between January 15 and January 31, the total number of shorted shares amounted to 433.15 thousand shares. That was 182,162 more shares than the total of 250.99 thousand shares in the space of prior two weeks, which means more traders or funds betting that the stock will go down. Average daily volume for OHGI at the January 31st settlement plunged to 3,999,054, as compared to 4,579,382 at the January 15th report. That brought days to cover to 1, a 0% decrease from the 1 days to cover recorded at the prior short interest data release.

The stock is currently hovering around the first support level of $0.12. Below this, the next support is placed in the zone of $0.12. Till the time, the OHGI stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 50.16 on daily chart, which may remain a cause for concern. If the price breaks below $0.12 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $0.13 mark may result into a pull-back move towards $0.14 level.

On 13th of February, One Horizon Group, Inc. (NASDAQ:OHGI) shares ended higher after a volatile session. The shares accumulated 0.01 points or 3.83 percent at $0.13 with a light trade volume of 1.201 million shares. After opening the session at $0.1264, the shares went as high as $0.1277 and as low as $0.123, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $12.36 million and now has 96.92 million shares outstanding. One Horizon Group, Inc. (OHGI) stock has gained 8.97 percent of market value in 21 trading days.

OHGI stock has a trailing 3-year beta of 3.13, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.29 a share in the trailing twelve months. The stock’s value has surged 41.67 percent year to date (YTD) against a decline of -89.19 percent in 12 month’s time. The company’s shares still trade -90.49 percent away from its 1-year high of $1.34 and 87.5 percent up from 52-week low of $0.07. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of One Horizon Group, Inc. (OHGI) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry OHGI operates in has an average P/E of 6.6. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 11.23 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.22. 0 percent is the gross profit margin for One Horizon Group, Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.

Let’s take a look at some insider activity at One Horizon Group, Inc. (NASDAQ:OHGI) and see the pattern. The earliest insider trade took place on 10/24/2017. Wu Zhanming gathered a total of 2 million shares of company at average share price of $0.13. The total for the purchase was set at $260 thousand. After this transaction, the 10% Owner account balance stood at 15 million shares. The stock lost -7.69 percent since that insider purchase. On 01/05/2016, White Mark Brian, 10% Owner, sold 0.33 thousand shares at a price per share of $7.56. This removed 2.52 thousand shares from the insider’s fortune and the stock saw a -98.41 percent retreat in value since the news became public. This transaction left 793.74 thousand shares in the 10% Owner account.

On 08/13/2015, CFO Ward Martin Christopher performed a sale transaction worth $8.75 thousand. This sale at $10.5 each has eliminated 0.83 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -98.86 percent decrease since the transaction was reported. The insider now is left with 485.78 thousand shares remaining in the account. White Mark Brian, who performs the 10% Owner job, sold 28.25 thousand shares for $352.56 thousand. The disposal occurred on 05/19/2015 was priced at $12.48 per share. The share price plunged -99.04 percent since the reporting date. White Mark Brian now left with a stake of 902.5 thousand OHGI stock worth $117.33 thousand after the insider selling.