Why did OVT.AX stock fall 50% intraday?

OVT.AX stock fell 50% on 04 Feb 2026 mainly because of very low liquidity and heavy selling. Today’s volume was **1,972,884**, far below the average, which magnified price moves in the thin ASX market for this small-cap fintech.

What is the Meyka AI outlook for OVT.AX stock?

Meyka AI's forecast model projects a yearly price of **A$0.00124** for OVT.AX stock, implying **23.66%** upside from A$0.001. Forecasts are model-based projections and not guarantees and should be weighed against liquidity and earnings risks.

What are the main risks for OVT.AX stock holders?

Main risks for OVT.AX stock include sustained low trading volume, negative EPS, limited working capital buffer, and regional client concentration in Southeast Asia. Any shortfall in contracts or revenue could worsen downward pressure.

What price targets should investors consider for OVT.AX stock?

Short-term targets range from **A$0.00050 (bear)** to **A$0.00300 (bull)** with a base case near **A$0.00150**. Targets reflect volatility, 50-day average and the company’s thin market capitalisation.

AU Stocks

OVT.AX Ovanti Ltd (ASX) down 50% intraday 04 Feb 2026: liquidity risk in focus

ByDanny Kontos February 4, 2026February 4, 2026

OVT.AX stock plunged 50.00% intraday to A$0.001 on 04 Feb 2026, making Ovanti Ltd one of the ASX top losers in technology trading. The move followed heavy selling after an already thin market for the ticker, with volume at 1,972,884 versus an average of 84,644,670.00 shares. We examine why liquidity, weak earnings metrics and sector context drove the drop, and how short-term price targets and Meyka AI forecasts shape the outlook.