Ostin Technology Group Co Ltd (OST) Reports -79.37% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

money audit

Ostin Technology Group Co Ltd (NASDAQ:OST) does about 284.97K shares in volume on a normal day but saw 1042807 shares change hands in the recent trading day. The company now has a market cap of 3.58M USD. Its current market price is $0.18, marking an increase of 1.31% compared to the previous close of $0.18. The 52 week high reached by this stock is $0.86 whilst the lowest price level in 52 weeks is $0.16.

Ostin Technology Group Co Ltd (OST) has a 20-day trading average at $0.2035 and the current price is -79.37% off the 52-week high compared with 11.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2779 and its 200-day simple moving average is $0.3683. If we look at the stock’s price movements over the week, volatility stands at 13.16%, which decreases to 12.48% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 34.41 to suggest the stock is neutral.

The current price level is -12.53%, -35.94%, and -51.67% away from its SMA20, SMA50, and SMA200 respectively, with the OST price moving above the 50-day SMA on current market day. Ostin Technology Group Co Ltd (OST) stock is down -3.84% over the week and -25.18% over the past month. Its price is -77.19% year-to-date and -76.88% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

The company has a return on investment of -103.08% and return on equity of -70.13%. The beta has a value of 0.93. Price to book ratio is 0.29 and price to sales ratio is 0.09.