97 days have passed by since the last earnings report for Otelco Inc. (NASDAQ:OTEL) and the new quarterly results look set to arrive today. The shares of OTEL at the moment are trading at a volume of 0 million, which compares with its normal daily standard volume of 7169 shares. This has led to the shares of the company advancing by 1.19%, currently exchanging hands at $15.13 a share. OTEL stock has been up by $3.18 (-17.4%) ever since it reached its 52-week high of $18.31 back in April 17, 2019. It has progressed above its 50-day moving average of $14.91 and is up 3.61% over the past week. The stock has retreated -14.8% since the last one arrived so the question here is that will the downbeat trend in that time frame continue leading up to its next earnings release, or is the OTEL share price due for a breakout?
Analyzing The Earnings History Of Otelco Inc. (NASDAQ:OTEL)
In the past few years, the OTEL stock has been known to miss the Wall Street’s earnings projection. The company missed 0% of the time, according to the data pulled on their earnings, was able to meet predictions on 0 occasions and topped expectations 0 times. Looking at the past trend, the price of Otelco Inc. shares had risen following the release of their earnings in 14 of the last 25 quarters.
Looking back, here is how Otelco Inc. (OTEL) stock reacted to earnings misses and beats. It gave investors reason to cast doubts with the price going down after 2 of the last four earnings reports. The shares of Otelco Inc. recorded -10.54%, -6.55%, 3.2% and 9.14%, respectively, on the first day of past earnings releases. After a week of earnings reports, the changes were -10.48%, -8.94%, -4.79% and 11.44%. Their post-earnings price movements have resulted in an average decrease of -1.19% and an average decrease of -3.19% in Otelco Inc. on next day and 7th day, sequentially. OTEL’s one month stock performance led to its shares rising by 5.05% with a return of 2.21% witnessed over the last 52 weeks.