(OASC) OneAscent Small Cap Core - Ratings and Ratios

The OneAscent Small Cap Core ETF (OASC) is an exchange-traded fund that focuses on investing in small-cap equity securities of US-domiciled companies, aiming to replicate the performance of the S&P SmallCap600 Index. This fund is designed for investors seeking exposure to the small-cap segment of the US equity market.

By investing at least 80% of its net assets in equity securities, primarily common stocks, of small-cap companies, OASC provides a diversified portfolio that mirrors the S&P SmallCap600 Index. The S&P SmallCap600 Index is a widely recognized benchmark for small-cap stocks in the US, comprising 600 companies with market capitalizations between $400 million and $2.4 billion.

From a technical analysis perspective, OASCs price action indicates a relatively stable trend, with the short-term moving averages (SMA20 and SMA50) showing a slight uptrend. However, the long-term SMA200 suggests that the fund is still below its longer-term average price. The Average True Range (ATR) of 0.43, or 1.73%, indicates moderate volatility.

Given the current technical and fundamental data, a potential forecast for OASC could be that it may continue to consolidate around its current price level before potentially breaking out towards its 52-week high of $29.78. This could be driven by a rebound in small-cap stocks, which have historically performed well during periods of economic expansion. With an AUM of $23.80M USD, OASC has a relatively small but still viable asset base, which could be an advantage in terms of flexibility. However, it also means that the fund may face challenges in terms of liquidity and economies of scale.

Taking into account the S&P SmallCap600 Indexs historical performance and the current market conditions, a potential target price for OASC could be around $27.50, representing a 11% increase from its current price. However, this forecast is subject to various risks and uncertainties, including changes in market sentiment, economic conditions, and the performance of the underlying constituents of the S&P SmallCap600 Index.