The stock price of Ostin Technology Group Co Ltd (NASDAQ: OST) has plunged by -2.59 when compared to previous closing price of 0.18, but the company has seen a -1.65% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-19 that Nanjing, China, Dec. 19, 2024 (GLOBE NEWSWIRE) — Ostin Technology Group Co., Ltd. (“the Company”) (Nasdaq: OST), a leading supplier of display modules and polarizers based in China, today announced that it has resolved to effect a reverse share split of the Company’s ordinary shares, with the split ratio set at 1-for-10 (the “The Reverse Share Split”). The Reverse Share Split was approved by the Company’s shareholders at an extraordinary general meeting held on November 25, 2024. The Company’s Class A ordinary shares will begin trading on an adjusted basis, reflecting the Reverse Share Split, on December 26, 2024, under the existing ticker symbol “OST.” The new CUSIP number for the Company’s Class A ordinary shares will be G67927114.
Is It Worth Investing in Ostin Technology Group Co Ltd (NASDAQ: OST) Right Now?
The stock has a 36-month beta value of 1.00.
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The public float for OST is 10.25M, and at present, short sellers hold a 0.43% of that float. On December 20, 2024, the average trading volume of OST was 315.46K shares.
OST’s Market Performance
OST stock saw a decrease of -1.65% in the past week, with a monthly decline of -17.57% and a quarterly a decrease of -44.16%. The volatility ratio for the week is 10.89%, and the volatility levels for the last 30 days are 12.36% for Ostin Technology Group Co Ltd (OST). The simple moving average for the last 20 days is -12.40% for OST stock, with a simple moving average of -52.35% for the last 200 days.
OST Trading at -35.27% 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 -79.64% of loss for the given period.
Volatility was left at 12.36%, however, over the last 30 days, the volatility rate increased by 10.89%, as shares sank -20.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -50.69% lower at present.
During the last 5 trading sessions, OST fell by -1.93%, which changed the moving average for the period of 200-days by -66.68% in comparison to the 20-day moving average, which settled at $0.1976. In addition, Ostin Technology Group Co Ltd saw -77.82% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OST starting from Qiaoyun Xie, who proposed sale 6,500 shares at the price of $0.30 back on Oct 12 ’24. After this action, Qiaoyun Xie now owns shares of Ostin Technology Group Co Ltd, valued at $1,950 using the latest closing price.
Xiaodong Zhai, the CTO of Ostin Technology Group Co Ltd, proposed sale 27,144 shares at $0.30 during a trade that took place back on Oct 12 ’24, which means that Xiaodong Zhai is holding shares at $8,140 based on the most recent closing price.
Stock Fundamentals for OST
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- 0.06 for the gross margin
The net margin for Ostin Technology Group Co Ltd stands at -0.27. The total capital return value is set at -0.94. Equity return is now at value -70.13, with -19.43 for asset returns.
Based on Ostin Technology Group Co Ltd (OST), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at -0.32. The debt to equity ratio resting at 2.64. The interest coverage ratio of the stock is -6.34.
Currently, EBITDA for the company is -6.47 million with net debt to EBITDA at -3.71. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 10.36for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.
Conclusion
To sum up, Ostin Technology Group Co Ltd (OST) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
