Ascent Solar Technologies Inc (ASTI) Shares Down Despite Recent Market Volatility

Ascent Solar Technologies Inc (NASDAQ: ASTI) has experienced a decline in its stock price by -9.03 compared to its previous closing price of 0.37. However, the company has seen a fall of -12.56% in its stock price over the last five trading days. InvestorPlace reported 2023-11-02 that Federal Reserve officials kept current interest rate levels unchanged on Wednesday. Investors and economists will be diligently scrutinizing any hints and clues offered during this meeting, specifically regarding the long-term stability of rates and whether central bankers still view future increases as necessary in the coming months.

Is It Worth Investing in Ascent Solar Technologies Inc (NASDAQ: ASTI) Right Now?

Additionally, the 36-month beta value for ASTI is 1.91. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for ASTI is 3.33M and currently, short sellers hold a 17.30% ratio of that float. The average trading volume of ASTI on April 04, 2024 was 664.67K shares.

ASTI’s Market Performance

ASTI stock saw a decrease of -12.56% in the past week, with a monthly decline of -12.36% and a quarterly a decrease of -60.45%. The volatility ratio for the week is 9.55%, and the volatility levels for the last 30 days are 11.85% for Ascent Solar Technologies Inc (ASTI). The simple moving average for the past 20 days is -9.81% for ASTI’s stock, with a -94.43% simple moving average for the past 200 days.

ASTI Trading at -37.30% from the 50-Day Moving Average

After a stumble in the market that brought ASTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.58% of loss for the given period.

Volatility was left at 11.85%, however, over the last 30 days, the volatility rate increased by 9.55%, as shares sank -11.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -49.63% lower at present.

During the last 5 trading sessions, ASTI fell by -12.56%, which changed the moving average for the period of 200-days by -98.56% in comparison to the 20-day moving average, which settled at $0.3721. In addition, Ascent Solar Technologies Inc saw -61.21% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ASTI starting from Forrest Reynolds T., who purchase 3,529 shares at the price of $0.85 back on Nov 01 ’23. After this action, Forrest Reynolds T. now owns 58,243 shares of Ascent Solar Technologies Inc, valued at $3,000 using the latest closing price.

Forrest Reynolds T., the Director of Ascent Solar Technologies Inc, purchase 2,631 shares at $1.14 during a trade that took place back on Oct 24 ’23, which means that Forrest Reynolds T. is holding 54,714 shares at $2,999 based on the most recent closing price.

Stock Fundamentals for ASTI

Current profitability levels for the company are sitting at:

  • -26.97 for the present operating margin
  • -3.3 for the gross margin

The net margin for Ascent Solar Technologies Inc stands at -41.89. The total capital return value is set at -10.74. Equity return is now at value -1116.07, with -128.00 for asset returns.

Based on Ascent Solar Technologies Inc (ASTI), the company’s capital structure generated 1.57 points at debt to capital in total, while cash flow to debt ratio is standing at -2.26. The debt to equity ratio resting at -2.77. The interest coverage ratio of the stock is -7.73.

Currently, EBITDA for the company is -11.6 million with net debt to EBITDA at -0.27. When we switch over and look at the enterprise to sales, we see a ratio of 9.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.27.

Conclusion

In conclusion, Ascent Solar Technologies Inc (ASTI) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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