Home  »  Finance   »  Syntec Optics Holdings Inc. (NASDAQ: OPTX): Should...

Syntec Optics Holdings Inc. (NASDAQ: OPTX): Should Value Hunters Buy Stock?

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.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"


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.