Ostin Technology Group Co Ltd (NASDAQ: OST) is -96.20% lower on its value in year-to-date trading and has touched a low of $0.12 and a high of $9.40 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 $0.17 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.15, the stock is -96.95% and -96.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 38.22 million and changing -11.69% at the moment leaves the stock -95.13% off its SMA200. OST registered -94.53% loss for a year compared to 6-month gain of -94.53%. The firm has a 50-day simple moving average (SMA 50) of $4.52434 and a 200-day simple moving average (SMA200) of $3.0109.
The stock witnessed a -97.48% loss in the last 1 month and extending the period to 3 months gives it a -89.88%, and is -58.08% down 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 40.72% over the week and 101.01% over the month.
Ostin Technology Group Co Ltd (OST) has around 243 employees, a market worth around $17.32M and $38.33M in sales. Profit margin for the company is -27.65%. Distance from 52-week low is 20.96% and -98.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-244.65%).
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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 0.02% of the company’s shares. The shares outstanding are 118.13M, and float is at 64.45M with Short Float at 5.24%. 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.
