Syntec Optics Holdings Inc. (NASDAQ:OPTX) price closed higher on Friday, November 17, jumping 73.98% above its previous close.
A look at the daily price movement shows that the last close reads $5.15, with intraday deals fluctuated between $5.70 and $10.43. Taking into account the 52-week price action we note that the stock hit a 52-week high of $19.50 and 52-week low of $3.65. The stock subtracted -15.87% on its value in the past month.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give OPTX a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that OPTX’s price is at present 7.26% off the SMA20 and -7.21% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.34, with weekly volatility standing at 36.78%. The indicator jumps to 25.90% when calculated based on the past 30 days. Syntec Optics Holdings Inc. (NASDAQ:OPTX)’s beta value is holding at -0.52, while the average true range (ATR) indicator is currently reading 1.72.
An analysis of the Syntec Optics Holdings Inc. (NASDAQ:OPTX) stock in terms of its daily trading volume indicates that the 3-month average is 180.73K. However, this figure increases on the past 10-day timeline to an average of 1.44 million.
Current records show that the company has 14.38M in outstanding shares. The insiders’ percentage holdings are 56.12% of outstanding shares while the percentage share held by institutions stands at 75.30%. But the -10.40% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.