Ostin Technology Group Co Ltd (NASDAQ:OST) price on Thursday, December 26, rose 22.70% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.20.
A look at the stock’s price movement, the close in the last trading session was $0.16, moving within a range at $0.163 and $0.22. The beta value (5-Year monthly) was 1.253. Turning to its 52-week performance, $0.85 and $0.16 were the 52-week high and 52-week low respectively. Overall, OST moved -5.39% over the past month.
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Ostin Technology Group Co Ltd’s market cap currently stands at around $4.02 million, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OST is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
OST’s current price about 3.68% and -21.59% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.09, while 7-day volatility ratio is 19.55% and 14.57% in the 30-day chart. Further, Ostin Technology Group Co Ltd (OST) has a beta value of 0.96, and an average true range (ATR) of 0.03.
If we refocus on Ostin Technology Group Co Ltd (NASDAQ:OST), historical trading data shows that trading volumes averaged 1.77 over the past 10 days and 515.50K over the past 3 months. The company’s latest data on shares outstanding shows there are 14.81 million shares.
The 49.05% of Ostin Technology Group Co Ltd’s shares are in the hands of company insiders while institutional holders own 0.27% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 43830.0 on 2024-11-29, giving us a short ratio of 0.09. The data shows that as of 2024-11-29 short interest in Ostin Technology Group Co Ltd (OST) stood at 33.000002 of shares outstanding, with shares short falling to 0.21 million registered in 2024-10-31. Current price change has pushed the stock -74.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OST stock continues to rise going into the next quarter.
