Is Ostin Technology Group Co Ltd (NASDAQ: OST) Proving The Doubters Wrong?

Ostin Technology Group Co Ltd (OST) concluded trading on Wednesday at a closing price of $2.43, with 4.78 million shares of worth about $11.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.57% during that period and on January 08, 2025 the price saw a gain of about 0.41%. Currently the company’s common shares owned by public are about 14.81M shares, out of which, 1.02M shares are available for trading.

Stock saw a price change of -9.33% in past 5 days and over the past one month there was a price change of 23.35%. Year-to-date (YTD), OST shares are showing a performance of -9.33% which decreased to -69.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.60 but also hit the highest price of $8.20 during that period. The average intraday trading volume for Ostin Technology Group Co Ltd shares is 149.89K. The stock is currently trading 20.34% above its 20-day simple moving average (SMA20), while that difference is up 3.35% for SMA50 and it goes to -30.16% lower than SMA200.

Ostin Technology Group Co Ltd (NASDAQ: OST) currently have 14.81M outstanding shares and institutions hold larger chunk of about 0.14% of that.

The stock has a current market capitalization of $9.26M and its 3Y-monthly beta is at 0.81. It has posted earnings per share of -$0.72 in the same period. It has Quick Ratio of 0.20 while making debt-to-equity ratio of 2.64. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OST, volatility over the week remained 24.14% while standing at 19.70% over the month.

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