OnMobile Global Receives 'Hold' Rating from MarketsMOJO, Shows Stable Financial Position

OnMobile Global, a microcap IT software company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes as the company has a low Debt to Equity ratio, indicating a stable financial position.
Technically, the stock is in a Mildly Bullish range and has shown improvement from a Sideways trend on 26-Feb-24. The MACD and OBV technical factors are also Bullish, further supporting the 'Hold' rating.

With a ROE of 3.9, the company has a Fair valuation with a 1.4 Price to Book Value. This suggests that the stock is trading at a fair value compared to its average historical valuations. In the past year, the stock has generated a return of 18.37%, while its profits have risen by 40%. The PEG ratio of the company is 1.2, indicating a balanced growth potential.

However, OnMobile Global has shown poor long-term growth with a decline in Net Sales and Operating profit over the last 5 years. In the latest quarter, the company's PAT(Q) has fallen by -139.8% and NET SALES(Q) and PBDIT(Q) have also hit their lowest levels.

Despite being a microcap company, domestic mutual funds hold only 0% of the company. This could signify that they are not comfortable with the current price or the business. Additionally, the stock has underperformed the market in the last 1 year, generating a return of 18.37% compared to the market's (BSE 500) return of 37.63%.

Overall, while OnMobile Global has shown some positive technical indicators and a fair valuation, its poor long-term growth and lack of interest from domestic mutual funds suggest a 'Hold' rating for now. Investors should keep an eye on the company's performance in the coming quarters before making any investment decisions.