Orangekloud Technology Inc (NASDAQ:ORKT) shares, rose in value, with the stock price up by 22.83% to the previous day’s close as strong demand from buyers drove the stock to $6.51.
Actively observing the price movement in the last trading, the stock closed the session at $5.30, falling within a range of $5.15 and $6.68. Referring to stock’s 52-week performance, its high was $7.50, and the low was $3.54. On the whole, ORKT has fluctuated by 33.40% over the past month.
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With the market capitalization of Orangekloud Technology Inc currently standing at about $150.77 million, investors are eagerly awaiting this quarter’s results, scheduled for in November.
The stock’s technical analysis shows that the price of ORKT currently trading nearly 31.32% and 28.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.72, while the 7-day volatility ratio is showing 13.35% which for the 30-day chart, stands at 11.59%. Furthermore, Orangekloud Technology Inc (ORKT)’s average true range (ATR) is 0.60.
Data on historical trading for Orangekloud Technology Inc (NASDAQ:ORKT) indicates that the trading volumes over the past 10 days have averaged 1.14 and over the past 3 months, they’ve averaged 552.61K. According to company’s latest data on outstanding shares, there are 23.16 million shares outstanding.
The data on short interest also indicates that stock shorts accounted for 0.31 million shares as on 2024-09-30, resulting in a short ratio of 0.48. According to the data, the short interest in Orangekloud Technology Inc (ORKT) stood at 410.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 0.16 million. The stock has risen by 14.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ORKT stock heading into the next quarter.
