Marcel Herbst, a director at Noble Romans Inc. (OTC:NROM), has recently sold 60,000 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $0.338, totaling $20,280. Following these transactions, Herbst retains ownership of 10,000 shares indirectly through Herbst Capital Management, LLC. The sales took place over multiple transactions on November 15 and November 26, 2024.
InvestingPro Insights
The recent insider sale by Marcel Herbst at Noble Romans Inc. (OTC:NROM) comes at a time when the company's stock has experienced significant volatility. According to InvestingPro data, NROM has seen a 1-week price total return of -11.11%, indicating a sharp decline in the stock's value. This aligns with an InvestingPro Tip that notes the stock has taken a big hit over the last week.
Despite the recent downturn, NROM's financials show some positive indicators. The company has been profitable over the last twelve months, with a revenue of $14.78 million and an EBITDA growth of 12.71%. However, investors should be aware that NROM's short-term obligations exceed its liquid assets, which could pose financial challenges.
InvestingPro Tips also highlight that NROM generally trades with high price volatility, which is evident in its recent price movements. The stock's P/E ratio stands at 29.17, suggesting that investors are paying a premium for the company's earnings. For those considering an investment in NROM, it's worth noting that the company does not pay a dividend to shareholders, focusing instead on potential growth opportunities.
InvestingPro offers additional insights, with 6 more tips available for NROM, providing a more comprehensive analysis for investors looking to make informed decisions about this stock.
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