Orangekloud Technology Inc (NASDAQ: ORKT) 52-Week High Located At $8.00, Forget The Dips, Just Ride The Rips

Orangekloud Technology Inc (NASDAQ:ORKT) does about 1.46M shares in volume on a normal day but saw 3031529 shares change hands in the recent trading day. The company now has a market cap of 78.51M USD. Its current market price is $3.39, marking an increase of 29.89% compared to the previous close of $2.61. The 52 week high reached by this stock is $8.00 whilst the lowest price level in 52 weeks is $1.45.

Orangekloud Technology Inc (ORKT) has a 20-day trading average at $2.82 and the current price is -57.62% off the 52-week high compared with 133.79% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.17. If we look at the stock’s price movements over the week, volatility stands at 23.96%, which increases to 25.62% 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 56.32 to suggest the stock is neutral.

The current price level is 20.09%, 6.89%, and -21.50% away from its SMA20, SMA50, and SMA200 respectively, with the ORKT price moving below the 50-day SMA on current market day. Orangekloud Technology Inc (ORKT) stock is up 73.85% over the week and 7.28% over the past month. Its price is -40.53% year-to-date.

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

The company has a return on equity of -109.40%. Price to book ratio is 113.00 and price to sales ratio is 20.13.