Ostin Technology Group Co Ltd (NASDAQ: OST) has experienced a rise in its stock price by 25.00 compared to its previous closing price of 0.40. However, the company has seen a gain of 17.65% in its stock price over the last five trading days. 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.
Is It Worth Investing in Ostin Technology Group Co Ltd (NASDAQ: OST) Right Now?
The 36-month beta value for OST is also noteworthy at 1.40.
The public float for OST is 8.94M, and at present, short sellers hold a 0.98% of that float. The average trading volume of OST on April 24, 2024 was 275.50K shares.
OST’s Market Performance
The stock of Ostin Technology Group Co Ltd (OST) has seen a 17.65% increase in the past week, with a 2.04% rise in the past month, and a -26.47% fall in the past quarter. The volatility ratio for the week is 20.47%, and the volatility levels for the past 30 days are at 10.74% for OST. The simple moving average for the past 20 days is 7.46% for OST’s stock, with a -30.52% simple moving average for the past 200 days.
OST Trading at -0.82% 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 -63.50% of loss for the given period.
Volatility was left at 10.74%, however, over the last 30 days, the volatility rate increased by 20.47%. Over the last 50 days, in opposition, the stock is trading -4.73% lower at present.
During the last 5 trading sessions, OST rose by +17.65%, which changed the moving average for the period of 200-days by -46.67% in comparison to the 20-day moving average, which settled at $0.4653. In addition, Ostin Technology Group Co Ltd saw -35.94% 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 summary, Ostin Technology Group Co Ltd (OST) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
