Ostin Technology Group Co Ltd (NASDAQ:OST) shares, rose in value on Friday, November 01, with the stock price down by -31.98% to the previous day’s close as strong demand from buyers drove the stock to $0.34.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.50, falling within a range of $0.321 and $0.468. The value of beta (5-year monthly) is 1.385. Referring to stock’s 52-week performance, its high was $1.07, and the low was $0.27. On the whole, OST has fluctuated by -10.50% over the past month.
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With the market capitalization of Ostin Technology Group Co Ltd currently standing at about $5.71 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OST’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of OST currently trading nearly -8.07% and -2.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.38, while the 7-day volatility ratio is showing 24.67% which for the 30-day chart, stands at 13.37%. Furthermore, Ostin Technology Group Co Ltd (OST)’s beta value is 1.25, and its average true range (ATR) is 0.06.
A comparison of Ostin Technology Group Co Ltd (OST) with its peers suggests the former has fared considerably weaker in the market. OST showed an intraday change of -31.98% in today’s session so far, and over the past year, it shrunk by -56.40%%.
Data on historical trading for Ostin Technology Group Co Ltd (NASDAQ:OST) indicates that the trading volumes over the past 10 days have averaged 0.57 and over the past 3 months, they’ve averaged 176.87K. According to company’s latest data on outstanding shares, there are 14.01 million shares outstanding.
Nearly 58.71% of Ostin Technology Group Co Ltd’s shares belong to company insiders and institutional investors own 0.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 24906.0 shares as on 2024-10-15, resulting in a short ratio of 0.31. According to the data, the short interest in Ostin Technology Group Co Ltd (OST) stood at 24.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 0.13 million. The stock has fallen by -56.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OST stock heading into the next quarter.
