Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Syntec Optics Holdings Inc.’s current trading price is -91.03% away from its 52-week high, while its distance from the 52-week low is 84.21%. The stock’s price range during this period has varied between $0.95 and $19.50. The company, active in the Technology sector, saw a trading volume of around 0.71 million for the day, considerably higher average daily volume of 42280.0 observed over the last three months.
Syntec Optics Holdings Inc. had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $19.50 on 11/02/23, while the lowest price during the same period was $0.95 on 08/05/24.
How Financial Performance Impacts Market Capitalization
Syntec Optics Holdings Inc. (OPTX) has experienced a quarterly rise of 6.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 64.21M and boasts a workforce of 148 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.7109, with a change in price of -1.3000. Similarly, Syntec Optics Holdings Inc. recorded 432,705 in trading volume during the last 100 days, posting a change of -42.62%.
How OPTX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for OPTX stands at 0.79. Similarly, the long-term debt-to-equity ratio is also 0.23.
OPTX Stock Stochastic Average
As of today, the raw stochastic average of Syntec Optics Holdings Inc. over the last 50 days is at 70.10%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 81.08%. Further, the company’s Stochastic %K and %D values for the last 20 days were 64.68% and 59.58%, respectively.
OPTX Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -65.21%. However, over the past six months, we’ve seen a stronger performance of -48.53%. The price of OPTX fallen by 47.06% over the last 30 days. And in the last five days, it has surged by 26.80%.
