Ostin Technology Group Co Ltd (NASDAQ: OST) is 116.79% higher on its value in year-to-date trading and has touched a low of $0.78 and a high of $5.73 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OST stock was last observed hovering at around $5.72 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $5.81, the stock is 19.70% and 83.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing 1.57% at the moment leaves the stock 103.70% off its SMA200. OST registered 41.71% gain for a year compared to 6-month gain of 145.56%. The firm has a 50-day simple moving average (SMA 50) of $3.15966 and a 200-day simple moving average (SMA200) of $2.85294.
The stock witnessed a 82.13% loss in the last 1 month and extending the period to 3 months gives it a 135.22%, and is 7.00% 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 2.09% over the week and 5.35% over the month.
Ostin Technology Group Co Ltd (OST) has around 243 employees, a market worth around $625.33M and $32.46M in sales. Profit margin for the company is -30.99%. Distance from 52-week low is 644.78% and 1.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-145.77%).
3.0 institutions hold shares in Ostin Technology Group Co Ltd (OST), with institutional investors hold 0.03% of the company’s shares. The shares outstanding are 107.63M, and float is at 63.91M with Short Float at 0.38%. 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
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).
