The Week Ahead: Are Investors Really Too Optimistic About OKYO Pharma Limited (NASDAQ: OKYO)

OKYO Pharma Limited (NASDAQ:OKYO) currently has a daily average trading volume of 197.63K but it saw 1010559 shares traded in last market. With a market cap of 41.68M USD, the company’s current market price of $1.23 came rising about 19.42 while comparing to the previous closing price of $1.03. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.12 and as low as $0.81. In the recent trading on the day, stock has struck highest price mark of $1.06 while lowest mark touched by it was $1.35.

Taking a look at 20-day trading activity of OKYO Pharma Limited (OKYO) gives us an average price of $1.0312, while its current price level is -41.98% below from 52-week high level whereas it is 52.32% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.0426 while that of 200 days or SMA-200 reads an average of $1.3208. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.65% during that period while stretching the period over a month that decreases to 6.43%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 67.32 which implies that the stock is in neutral territory.

Over the week, OKYO’s stock price is moving 17.14% up while it is 21.78% when we observe its performance for the past one month. Year-to-date it is -30.51% down and over the past year, the stock is showing a downside performance of -24.54%.

Currently, OKYO Pharma Limited’s total number of outstanding shares is 33.34M. Stock’s beta reads -0.08.