The 36-month beta value for ASTI is at 2.39. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ASTI is 16.98M, and currently, shorts hold a 5.92% of that float. The average trading volume for ASTI on May 08, 2024 was 1.45M shares.
ASTI) stock’s latest price update
Ascent Solar Technologies Inc (NASDAQ: ASTI) has seen a rise in its stock price by 1.84 in relation to its previous close of 0.10. However, the company has experienced a 5.72% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-10 that Ascent Solar Technologies (NASDAQ: ASTI ) stock is falling on Wednesday after the solar technology company launched a public offering for its shares. The company filed the Notice of Effectiveness for this public offering after markets closed on Tuesday.
ASTI’s Market Performance
Ascent Solar Technologies Inc (ASTI) has experienced a 5.72% rise in stock performance for the past week, with a -61.69% drop in the past month, and a -84.94% drop in the past quarter. The volatility ratio for the week is 7.75%, and the volatility levels for the past 30 days are at 10.67% for ASTI. The simple moving average for the past 20 days is -2.04% for ASTI’s stock, with a -96.80% simple moving average for the past 200 days.
ASTI Trading at -60.44% 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 -99.83% of loss for the given period.
Volatility was left at 10.67%, however, over the last 30 days, the volatility rate increased by 7.75%, as shares sank -21.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -76.91% lower at present.
During the last 5 trading sessions, ASTI rose by +5.82%, which changed the moving average for the period of 200-days by -99.31% in comparison to the 20-day moving average, which settled at $0.1062. In addition, Ascent Solar Technologies Inc saw -87.89% 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 11.39. 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 had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
