Wole Olajide, ACS
The share price of Oando Plc on NGX, Wednesday June 4, 2025 closed at N51.7, up by 10% from the previous closed of N47. In the past 52 weeks, the share price of Oando has touched a high of N98.40 from a low of N12.50.
It is trading 47.46% away from its 52 weeks high of N98.40 relative to its current price of N51.7. This infers an uptrend potential of over 45% for Oando, based on its 52 weeks high.
The Audited Financial Statement of the Company for the year ended 31 December 2024 shows growth in its top line and bottom line figures.
Technical Analysis may recommend a strong buy for Oando, but the fundamentals are not looking attractive.
A NEGATIVE Shareholder’s Fund of N360.98 billion for FY 2024 does not make the stock attractive.
Book Value of NEGATIVE N29.04 reveals that Oando is grossly OVERPRICED.
The price rally of the stock is purely market sentiment and speculations.