Orangekloud Technology Inc (NASDAQ:ORKT) shares, rose in value on Thursday, December 12, with the stock price down by -6.32% to the previous day’s close as strong demand from buyers drove the stock to $3.56.
Actively observing the price movement in the last trading, the stock closed the session at $3.80, falling within a range of $3.38 and $3.94. Referring to stock’s 52-week performance, its high was $8.00, and the low was $1.45. On the whole, ORKT has fluctuated by 12.66% over the past month.
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With the market capitalization of Orangekloud Technology Inc currently standing at about $82.45 million, investors are eagerly awaiting this quarter’s results, scheduled for in January.
The stock’s technical analysis shows that the price of ORKT currently trading nearly 16.23% and -10.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.21, while the 7-day volatility ratio is showing 19.07% which for the 30-day chart, stands at 16.44%. Furthermore, Orangekloud Technology Inc (ORKT)’s average true range (ATR) is 0.52.
Data on historical trading for Orangekloud Technology Inc (NASDAQ:ORKT) indicates that the trading volumes over the past 10 days have averaged 0.51 and over the past 3 months, they’ve averaged 1.32 million. According to company’s latest data on outstanding shares, there are 23.16 million shares outstanding.
Nearly 68.40% of Orangekloud Technology Inc’s shares belong to company insiders and institutional investors own 0.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.2 million shares as on 2024-11-29, resulting in a short ratio of 0.32. According to the data, the short interest in Orangekloud Technology Inc (ORKT) stood at 262.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 0.44 million. The stock has fallen by -37.54% 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.
