Optical Cable Corporation (NASDAQ:OCC) price closed higher on Friday, Jan 22, jumping 18.69% above its previous close.

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A look at the daily price movement shows that the last close reads $3.21, with intraday deals fluctuated between $3.2200 and $4.4900. The company’s 5Y monthly beta was ticking 0.68 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.62 and 52-week low of $2.05. The stock added 45.42% on its value in the past month.

On the technical perspective front, indicators give OCC a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned OCC a recommendation rating as follows: None rate it as a Hold; 1 advise Buy while none analyst(s) assign an Outperform rating. None analyst(s) have tagged the Optical Cable Corporation (OCC) stock as Underperform, with none recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0. The overview shows that OCC’s price is at present 25.63% off the SMA20 and 29.38% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 67.21, with weekly volatility standing at 13.06%. The indicator drops to 10.05% when calculated based on the past 30 days. Optical Cable Corporation (NASDAQ:OCC)’s beta value is holding at 0.68, while the average true range (ATR) indicator is currently reading 0.35. Considering analysts have assigned the stock a price target range of $8-$8 as the low and high respectively, we find the trailing 12-month average consensus price target to be $8. Based on this estimate, we see that current price is roughly 109.97% off the estimated low and 109.97% off the forecast high. Investors will no doubt be excited to see the share price rise to $8, which is the median consensus price, and at that level OCC would be +109.97% from current price.

An analysis of the Optical Cable Corporation (NASDAQ:OCC) stock in terms of its daily trading volume indicates that the 3-month average is 115.24 Million. However, this figure increases on the past 10-day timeline to an average of 457.35 Million.

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Curent records show that the company has 7.54 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 36.06% of outstanding shares while the percentage share held by institutions stands at 13.93%. The stats also highlight that short interest as of December 30, 2020, stood at 10.86 Million shares, which puts the short ratio at the time at 0.36. From this we can glean that short interest is 0.14% of company’s current outstanding shares. Notably, we see that shares short in December fell slightly given the previous month’s figure stood at 13.55 Million. But the +42.11% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.


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