Ostin Technology Group Co Ltd (NASDAQ: OST): Retirees Don’t Worry About Volatility

Ostin Technology Group Co Ltd (NASDAQ:OST) currently has a daily average trading volume of 92.37K but it saw 4390517 shares traded in last market. With a market cap of 7.23M USD, the company’s current market price of $0.43 came rising about 38.58 while comparing to the previous closing price of $0.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.07 and as low as $0.27. In the recent trading on the day, stock has struck highest price mark of $0.307 while lowest mark touched by it was $0.4604.

Taking a look at 20-day trading activity of Ostin Technology Group Co Ltd (OST) gives us an average price of $0.3667, while its current price level is -59.81% below from 52-week high level whereas it is 57.97% 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 $0.3457 while that of 200 days or SMA-200 reads an average of $0.4235. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.47% during that period while stretching the period over a month that decreases to 11.24%. 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 62.15 which implies that the stock is in neutral territory.

Over the week, OST’s stock price is moving 27.22% up while it is 16.22% when we observe its performance for the past one month. Year-to-date it is -44.91% down and over the past year, the stock is showing a downside performance of -42.67%.

Currently, Ostin Technology Group Co Ltd’s total number of outstanding shares is 14.01M. Company’s return on investment (ROI) stands at -103.08% and return on equity (ROE) at -70.13%. Stock’s beta reads 1.39. Stock has a price to book (P/B) ratio of 0.70 while price to sale or P/S ratio amounts to 0.19. Its return on asset (ROA) is -19.43% on average.