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OKYO Pharma Limited (NASDAQ: OKYO) Is Up 1.71% – Can It Revive?

OKYO Pharma Limited (NASDAQ:OKYO) price closed higher on Friday, February 09, jumping 1.71% below its previous close.

A look at the daily price movement shows that the last close reads $5.00. The company’s 5Y monthly beta was ticking -3.14. Taking into account the 52-week price action we note that the stock hit a 52-week high of $7.00 and 52-week low of $0.92. The stock added 0.59% on its value in the past month.

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OKYO Pharma Limited, which has a market valuation of $43.64 million, is expected to release its quarterly earnings report Dec 28, 2023 – Jan 02, 2024.

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 OKYO 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 Hold, while an average of long term indicators are currently assigning the stock as Hold.

The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 58.07, with weekly volatility standing at 13.95%. The indicator jumps to 8.62% when calculated based on the past 30 days. OKYO Pharma Limited (NASDAQ:OKYO)’s beta value is holding at 0.06, while the average true range (ATR) indicator is currently reading 0.15.

An analysis of the OKYO Pharma Limited (NASDAQ:OKYO) stock in terms of its daily trading volume indicates that the 3-month average is 118.90. However, this figure increases on the past 10-day timeline to an average of 0.59 million.

Current records show that the company has 25.52M in outstanding shares. The insiders’ percentage holdings are 27.83% of outstanding shares while the percentage share held by institutions stands at 0.42%. The stats also highlight that short interest as of Jan 31, 2024, stood at 51190.0 shares, which puts the short ratio at the time at 0.61. From this we can glean that short interest is 0.15% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 47410.0. But the -3.39% 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.