Syntec Optics Holdings Inc (NASDAQ:OPTX) price on Thursday, December 26, rose 2.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.45.
A look at the stock’s price movement, the close in the last trading session was $3.38, moving within a range at $3.1843 and $3.6888. The beta value (5-Year monthly) was -0.542. Turning to its 52-week performance, $8.39 and $0.85 were the 52-week high and 52-week low respectively. Overall, OPTX moved 297.42% over the past month.
Syntec Optics Holdings Inc’s market cap currently stands at around $126.58 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 OPTX is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
OPTX’s current price about 98.27% and 133.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.78, while 7-day volatility ratio is 49.41% and 32.69% in the 30-day chart. Further, Syntec Optics Holdings Inc (OPTX) has a beta value of -0.98, and an average true range (ATR) of 0.68.
If we refocus on Syntec Optics Holdings Inc (NASDAQ:OPTX), historical trading data shows that trading volumes averaged 16.98 over the past 10 days and 2.71 million over the past 3 months. The company’s latest data on shares outstanding shows there are 36.69 million shares.
The 83.49% of Syntec Optics Holdings Inc’s shares are in the hands of company insiders while institutional holders own 0.79% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 96480.0 on 2024-11-29, giving us a short ratio of 1.54. The data shows that as of 2024-11-29 short interest in Syntec Optics Holdings Inc (OPTX) stood at 161.0 of shares outstanding, with shares short rising to 89157.0 registered in 2024-10-31. Current price change has pushed the stock -31.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OPTX stock continues to rise going into the next quarter.
