Additionally, the 36-month beta value for OST is 1.39.
The public float for OST is 8.94M and currently, short sellers hold a 0.98% ratio of that float. The average trading volume of OST on April 19, 2024 was 237.57K shares.
OST) stock’s latest price update
The stock price of Ostin Technology Group Co Ltd (NASDAQ: OST) has surged by 23.81 when compared to previous closing price of 0.41, but the company has seen a 6.98% gain in its stock price over the last five trading sessions. InvestorPlace reported 2023-08-04 that The world of penny stocks is rife with potential pitfalls to avoid. Many firms trading at those prices are manipulated by actors with bad intent.
OST’s Market Performance
OST’s stock has risen by 6.98% in the past week, with a monthly rise of 1.80% and a quarterly drop of -25.15%. The volatility ratio for the week is 11.14% while the volatility levels for the last 30 days are 8.02% for Ostin Technology Group Co Ltd The simple moving average for the past 20 days is 7.30% for OST’s stock, with a -29.94% simple moving average for the past 200 days.
OST Trading at -0.08% from the 50-Day Moving Average
After a stumble in the market that brought OST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -62.85% of loss for the given period.
Volatility was left at 8.02%, however, over the last 30 days, the volatility rate increased by 11.14%, as shares surge +1.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.70% lower at present.
During the last 5 trading sessions, OST rose by +6.98%, which changed the moving average for the period of 200-days by -40.12% in comparison to the 20-day moving average, which settled at $0.4748. In addition, Ostin Technology Group Co Ltd saw -34.79% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OST
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.04 for the gross margin
The net margin for Ostin Technology Group Co Ltd stands at -0.19. The total capital return value is set at -0.98. Equity return is now at value -55.73, with -19.25 for asset returns.
Based on Ostin Technology Group Co Ltd (OST), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at 1.84. The interest coverage ratio of the stock is -12.31.
Currently, EBITDA for the company is -6.67 million with net debt to EBITDA at -2.2. When we switch over and look at the enterprise to sales, we see a ratio of 0.39. The receivables turnover for the company is 11.74for trailing twelve months and the total asset turnover is 1.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In conclusion, Ostin Technology Group Co Ltd (OST) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
