Orangekloud Technology Inc (NASDAQ:ORKT) does about 220.72K shares in volume on a normal day but saw 992246 shares change hands in the recent trading day. The company now has a market cap of 16.34M USD. Its current market price is $0.7, marking an increase of 11.39% compared to the previous close of $0.63. The 52 week high reached by this stock is $8.00 whilst the lowest price level in 52 weeks is $0.40.
Orangekloud Technology Inc (ORKT) has a 20-day trading average at $0.5514 and the current price is -91.26% off the 52-week high compared with 75.89% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5170 and its 200-day simple moving average is $2.0274. If we look at the stock’s price movements over the week, volatility stands at 11.63%, which decreases to 11.61% 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 71.19 to suggest the stock is overbought.
The consensus objective for the share price is $4.99, suggesting that the stock has a potential upside of 85.97% over the period.
The current price level is 26.85%, 35.31%, and -65.50% 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 37.16% over the week and 51.44% over the past month. Its price is -76.84% over the past year.
To reach the target analysts have set, the stock logically needs to grow 85.97 percent from here.
Outstanding shares total 8.39M with insiders holding 7.15% of the shares and institutional holders owning 0.99% of the company’s common stock. The company has a return on investment of -64.30%. The beta has a value of 4.63. Price to book ratio is 1.64 and price to sales ratio is 5.41.
