Ostin Technology Group Co. Ltd. (NASDAQ:OST) finished Friday with an addition of $0.21 to close at $1.01, an upside of 26.25 percent. An average of 327,680 shares of common stock have been traded in the last five days. There was a gain of $0.3699 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 97,190 shares traded, while the 50-day average volume stands at 80,484.
OST stock has increased by 16.09% in the last month. The company shares reached their 1-month lowest point of $0.6100 on 08/17/23. With the stock rallying to its 52-week high on 05/05/23, shares of the company touched a low of $0.61 and a high of $2.04 in 52 weeks. It has reached a new high 5 times so far this year and achieved 6.88% or $0.0650 in price. In spite of this, the price is down -50.49% from the 52-week high.
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Valuation Metrics
Ostin Technology Group Co. Ltd. (OST) has a trailing price-to-earnings (P/E) ratio of 59.41. The stock’s beta is 1.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.13, the price-to-book (PB) ratio at 0.47, and the price-to-cash flow ratio at 4.63.
Financial Health
The quick ratio of Ostin Technology Group Co. Ltd. for the recent quarter was 0.50, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.84 for the recent quarter. Ostin Technology Group Co. Ltd.’s EBITDA margin is 1.96%, while its operating margin for the same period stands at 0.40%. Its gross profit as reported stood at $12.61 million compared to revenue of $105.42 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ostin Technology Group Co. Ltd.’s return on assets was 0.30%.
Earnings Surprise
The company posted a net income of $0.11 million in the quarter, while revenues were grew 100.0%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Ostin Technology Group Co. Ltd. (OST) price momentum. RSI 9-day as of the close on 25 August was 66.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 209.05%.
As of today, OST’s price is $0.8528 +57.79% or $0.3699 from its 5-day moving average. OST is currently trading +9.84% higher than its 20-day SMA and +11.00% higher than its 100-day SMA. However, the stock’s current price level is -6.48% below the SMA50 and -11.40% below the SMA200.
The stochastic %K and %D were 70.25% and 66.11%, respectively, and the average true range (ATR) was 0.1529. With the 14-day stochastic at 80.00% and the average true range at 0.1317, the RSI (14) stands at 61.50%. The stock has reached 0.1316 on the 9-day MACD Oscillator while the 14-day reading was at 0.1292.
