Ohmyhome (NASDAQ:OMH) Shares Set to Reverse Split on Monday, August 31st

Shares of Ohmyhome Limited (NASDAQ:OMH) are scheduled to reverse split on the morning of Monday, August 31st. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 30th.

Ohmyhome Trading Down 22.6%

NASDAQ:OMH traded down $0.02 on Thursday, hitting $0.08. 28,014,176 shares of the company’s stock traded hands, compared to its average volume of 13,234,655. Ohmyhome has a 1 year low of $0.07 and a 1 year high of $2.19. The firm has a 50-day moving average price of $0.31 and a 200-day moving average price of $0.80.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ohmyhome in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Ohmyhome presently has a consensus rating of “Sell”.

About Ohmyhome

Ohmyhome (NASDAQ: OMH) is a Singapore-based property technology company offering an integrated online platform for residential real estate transactions. The company’s core business focuses on simplifying the home-buying, selling and renting process through a combination of digital tools and professional agent support. Its platform features end-to-end solutions that guide users from property search and valuation to mortgage facilitation and post-sale services such as renovation and furnishing.

Through its website and mobile application, Ohmyhome connects homeowners, buyers and tenants with a network of licensed agents who provide personalized advisory services.