Owlet (NYSE:OWLT) Trading Down 2.1% – Here’s What Happened

Owlet, Inc. (NYSE:OWLT)’s share price dropped 2.1% on Monday . The company traded as low as $5.06 and last traded at $5.17. Approximately 24,948 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 29,421 shares. The stock had previously closed at $5.28.

Owlet Stock Down 2.1 %

The stock has a market capitalization of $79.00 million, a price-to-earnings ratio of -1.97 and a beta of 1.60. The stock has a fifty day moving average of $4.51 and a 200-day moving average of $4.25.

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.