Ostin Technology Group Co Ltd (NASDAQ:OST) shares, rose in value, with the stock price up by 2.58% to the previous day’s close as strong demand from buyers drove the stock to $5.57.
Actively observing the price movement in the last trading, the stock closed the session at $5.43. Referring to stock’s 52-week performance, its high was $5.45, and the low was $0.78. On the whole, OST has fluctuated by 71.38% over the past month.
With the market capitalization of Ostin Technology Group Co Ltd currently standing at about $599.50 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of OST currently trading nearly 28.33% and 94.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 81.34, while the 7-day volatility ratio is showing 1.32% which for the 30-day chart, stands at 5.94%. Furthermore, Ostin Technology Group Co Ltd (OST)’s beta value is 1.14, and its average true range (ATR) is 0.40.
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 2.58% in last session, and over the past year, it grew by 32.62%%.
Data on historical trading for Ostin Technology Group Co Ltd (NASDAQ:OST) indicates that the trading volumes over the past 3 months, they’ve averaged 2.60 million. According to company’s latest data on outstanding shares, there are 107.63 million shares outstanding.
Nearly 31.46% of Ostin Technology Group Co Ltd’s shares belong to company insiders and institutional investors own 0.01% of the company’s shares. The stock has risen by 107.84% 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.
