Orangekloud Technology Inc (NASDAQ:ORKT) price closed higher on current market day and jumping 6.38% above its previous close.
A look at the daily price movement shows that the last close reads $7.05, with intraday deals fluctuated between $6.26 and $7.55. Taking into account the 52-week price action we note that the stock hit a 52-week high of $7.75 and 52-week low of $3.54. The stock added 47.35% on its value in the past month.
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Orangekloud Technology Inc, which has a market valuation of $173.69 million, is expected to release its quarterly earnings report in November.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
The overview shows that ORKT’s price is at present 29.61% off the SMA20 and 40.61% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 73.52, with weekly volatility standing at 13.54%. The indicator jumps to 11.61% when calculated based on the past 30 days. Orangekloud Technology Inc (NASDAQ:ORKT)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.73.
An analysis of the Orangekloud Technology Inc (NASDAQ:ORKT) stock in terms of its daily trading volume indicates that the 3-month average is 735.84K. However, this figure increases on the past 10-day timeline to an average of 2.58 million.
Current records show that the company has 23.16M in outstanding shares. The insiders’ percentage holdings are 68.40% of outstanding shares. The stats also highlight that short interest as of 2024-09-30, stood at 0.31 million shares, which puts the short ratio at the time at 0.48. From this we can glean that short interest is 410.00 of company’s current outstanding shares. Notably, we see that shares short in September rose slightly given the previous month’s figure stood at 0.16 million. But the 31.58% 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.
