Ostin Technology Group Co Ltd (NASDAQ: OST) is -37.69% lower on its value in year-to-date trading and has touched a low of $0.78 and a high of $5.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OST stock was last observed hovering at around $1.85 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $1.67, the stock is 6.36% and -19.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing -9.73% at the moment leaves the stock -38.96% off its SMA200. OST registered -60.71% loss for a year compared to 6-month loss of -57.19%. The firm has a 50-day simple moving average (SMA 50) of $2.06506 and a 200-day simple moving average (SMA200) of $2.735015.
The stock witnessed a -15.66% gain in the last 1 month and extending the period to 3 months gives it a -29.54%, and is 57.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 121.69% over the week and 37.77% over the month.
Ostin Technology Group Co Ltd (OST) has around 243 employees, a market worth around $3.36M and $32.46M in sales. Profit margin for the company is -30.99%. Distance from 52-week low is 114.08% and -71.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-145.77%).
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Ostin Technology Group Co Ltd (OST) Top Institutional Holders
3.0 institutions hold shares in Ostin Technology Group Co Ltd (OST), with institutional investors hold 0.01% of the company’s shares. The shares outstanding are 1.77M, and float is at 1.24M with Short Float at 0.03%. Institutions hold 0.01% of the Float.
The top institutional shareholder in the company is TWO SIGMA SECURITIES, LLC with over 17357.0 shares valued at $6769.0. The investor’s holdings represent 0.1239% of the OST Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 13700.0 shares valued at $5343.0 to account for 0.0978 of the shares outstanding. The other top investors are UBS GROUP AG which holds 9997.0 shares representing 0.0714% and valued at over $3899.0, while TD WATERHOUSE CANADA INC. holds 0.0064 of the shares totaling 900.0 with a market value of $334.0.
Ostin Technology Group Co Ltd (OST) Insider Activity
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Still, SEC filings show that on Oct 12 ’24, Xiaodong Zhai (CTO) Proposed Sale 27,144 shares at an average price of $0.30 for $8140.0. The insider now directly holds shares of Ostin Technology Group Co Ltd (OST).
