One Horizon Group, Inc. (OHGI) Has Many Growth Opportunities

Wu Zhanming acquired 2,000,000 shares in One Horizon Group, Inc. (NASDAQ:OHGI) for $15,000,000 in transaction occurred on 2017/10/24. After making this transaction, the 10% Owner owns a direct stake of 260,000 shares, worth $2,100,000, as per the last closing price. On 2016/01/05 White Mark Brian, 10% Owner at OHGI, dumped 333 shares at an average price of $7.56 per share. The selling total is valued at $111,123.

Separately, it had been reported that some other OHGI insiders also took part of the insider trading activity. CFO, Ward Martin Christopher had divested 833 shares for $485,779 through a trade on 2015/08/13. Following this activity, the insider holds 8,747 shares worth $68,009 as of recent close.

One Horizon Group, Inc. (OHGI) trading activity significantly improved as the volume at ready counter increased to 3,134,164 shares versus 2,235,890 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,789,938 shares. The share price rose 4.15% in recent trade and currently has a stock-market value of $13.68M. The shares finished at $0.14, after trading as low as $0.125 earlier in the session. It hit an intraday high Thursday at $0.145. The stock is now 16.67% above against its bear-market low of $0.12 on November 27, 2018. It has retreated -2314.29% since it’s 52-week high of $3.38 reached in December. Now the market price is down -85.98% on the year and down -89.79% YTD.

OHGI’s 50 day simple moving average (SMA 50) price is $0.21 and its 200-day simple moving average (SMA 200) price is $0.5. The company’s stock currently has a total float of 66.49M shares. Its weekly volatility is hovering around 12.12% and felt 13.49% volatility in price over a month. On the upside, the share price will test short term resistance at around $0.15. On a downside, the stock is likely to find some support, which begins at $0.13. The failure to get near-term support could push it to $0.12.

Also, it is trading at rather inexpensive levels at just over 0.53x price/book and 12.44x price/sales. OHGI’s ROE is -92.4%, which is also considerably worse than the industry’s ROE of 16.06%. It’s also very liquid in the near term, with a current ratio of 3. The stock has a debt/capital of 0.07.

Shares of One Horizon Group, Inc. (OHGI) have dropped -22.2% since the company’s Dec-15 earnings report. Revenue for the recent quarter stood at $360000, down -220% on last year and above the $250000 predicted by analysts.