Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Ostin Technology Group Co Ltd (NASDAQ: OST) closed at $2.68 in the last session, up 17.85% from day before closing price of $2.27. In other words, the price has increased by $17.85 from its previous closing price. On the day, 1.05 million shares were traded. OST stock price reached its highest trading level at $3.0 during the session, while it also had its lowest trading level at $2.2.
Ratios:
We take a closer look at OST’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.20 and its Current Ratio is at 0.54. In the meantime, Its Debt-to-Equity ratio is 2.64 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 12 ’24 when Qiaoyun Xie bought 6,500 shares for $0.30 per share.
Xiaodong Zhai bought 27,144 shares of OST for $8,140 on Oct 12 ’24.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OST now has a Market Capitalization of 4854713 and an Enterprise Value of 75509744. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 1.977 whereas that against EBITDA is -11.546.
Stock Price History:
Over the past 52 weeks, OST has reached a high of $8.20, while it has fallen to a 52-week low of $1.60. The 50-Day Moving Average of the stock is 9.21%, while the 200-Day Moving Average is calculated to be -24.42%.
Shares Statistics:
According to the various share statistics, OST traded on average about 57.71K shares per day over the past 3-months and 1986960 shares per day over the past 10 days. A total of 1.48M shares are outstanding, with a floating share count of 1.02M. Insiders hold about 49.06% of the company’s shares, while institutions hold 0.27% stake in the company. Shares short for OST as of 1734048000 were 3591 with a Short Ratio of 0.06, compared to 1731628800 on 2743. Therefore, it implies a Short% of Shares Outstanding of 3591 and a Short% of Float of 0.27.
