Otonomo Technologies Ltd (OTMO) Stock: Do Analysts Think You Should Sell?

Thursday, August 18, 2022 11:23 AM | InvestorsObserver Analysts

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Otonomo Technologies Ltd (OTMO) Stock: Do Analysts Think You Should Sell?

Wall Street is positive on Otonomo Technologies Ltd (OTMO). On average, analysts give Otonomo Technologies Ltd a Buy rating. The average price target is $4.666, which means analysts expect the stock to rise by 576.23% over the next twelve months. That average ranking earns Otonomo Technologies Ltd an Analyst Rating of 32, which is better than 32% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating OTMO a Buy today. Find out what this means to you and get the rest of the rankings on OTMO!

See Full OTMO Report

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Otonomo Technologies Ltd Stock Today?

Otonomo Technologies Ltd (OTMO) stock is trading at $0.69 as of 11:18 AM on Thursday, Aug 18, a drop of -$0.01, or -1.82% from the previous closing price of $0.70. The stock has traded between $0.68 and $0.71 so far today. Volume today is low. So far 13,507 shares have traded compared to average volume of 704,662 shares. Click Here to get the full Stock Report for Otonomo Technologies Ltd stock.