Optical Cable Corp (NASDAQ: OCC) is 71.96% higher on its value in year-to-date trading and has touched a low of $2.02 and a high of $7.00 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 OCC stock was last observed hovering at around $3.62 in the last trading session, with the day’s gains setting it 1.04%.
Currently trading at $4.66, the stock is 57.05% and 56.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.14 million and changing 28.73% at the moment leaves the stock 46.74% off its SMA200. OCC registered 29.09% gain for a year compared to 6-month loss of 7.13%. The firm has a 50-day simple moving average (SMA 50) of $2.9832 and a 200-day simple moving average (SMA200) of $3.17565.
The stock witnessed a 71.32% gain in the last 1 month and extending the period to 3 months gives it a 82.03%, and is 60.41% 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 14.01% over the week and 9.21% over the month.
Optical Cable Corp (OCC) has around 339 employees, a market worth around $38.35M and $69.00M in sales. Profit margin for the company is -4.33%. Distance from 52-week low is 130.69% and -33.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.88%).
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Optical Cable Corp (OCC) Top Institutional Holders
31.0 institutions hold shares in Optical Cable Corp (OCC), with institutional investors hold 25.41% of the company’s shares. The shares outstanding are 8.19M, and float is at 5.72M with Short Float at 0.11%. Institutions hold 17.66% of the Float.
The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 0.31 million shares valued at $0.84 million. The investor’s holdings represent 4.0047% of the OCC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.22 million shares valued at $0.61 million to account for 2.8962 of the shares outstanding. The other top investors are CLEARSTEAD ADVISORS, LLC which holds 0.12 million shares representing 1.6039% and valued at over $0.34 million, while ROYAL BANK OF CANADA holds 1.5144 of the shares totaling 0.12 million with a market value of $0.32 million.
