Why did OVT.AX stock drop 50% pre-market?

The 50% drop reflects thin liquidity and heavy selling pressure, not a major public announcement. Micro-cap structure, low bid depth and sector rotation in technology amplified selling. Volume spiked to **27,327,120**, magnifying price moves.

What is Meyka AI’s forecast for OVT.AX stock?

Meyka AI's forecast model projects **A$0.00061** in 12 months for OVT.AX stock, implying roughly **-39.13%** versus the current **A$0.001**. Forecasts are model-based projections and not guarantees.

Is OVT.AX stock a buy after the drop?

Given negative EPS, weak cash flow and tiny market cap, the stock remains high risk. Meyka AI grades OVT.AX **61.08/100 (Grade B, HOLD)**. Buyers should wait for clear catalysts or funding news before adding exposure.

What key metrics should I watch for OVT.AX stock?

Monitor daily volume, cash per share (**A$0.002**), operating cash flow per share (**-0.00209**), and any contract announcements in Southeast Asia. Watch 50-day and 200-day averages at **A$0.00263** and **A$0.00516**.

AU Stocks

OVT.AX stock down 50% pre-market on ASX: what the drop means for traders

ByHuzaifa Zahoor February 17, 2026February 17, 2026

OVT.AX stock plunged 50.00% pre-market to A$0.001 on the ASX, making it one of the session’s biggest losers. Trading volume surged to 27,327,120 shares versus an average of 83,872,005, highlighting extreme volatility and low liquidity risks. For traders and holders this move reflects weak sentiment, thin bid depth and pressured small-cap technology names in Australia. We outline what drove the fall, the company fundamentals, trading signals and a Meyka AI model projection to frame the risk-reward for the day.