Vast Renewables Ltd (NASDAQ: VSTE)’s stock price has gone decline by -19.31 in comparison to its previous close of 1.45, however, the company has experienced a -42.93% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-06-13 that SYDNEY, June 13, 2024 (GLOBE NEWSWIRE) — Vast (Vast Renewables Limited) (Nasdaq: VSTE), a renewable energy company planning to power green fuels production with its concentrated solar thermal power (CSP) energy systems, today announced it has signed a Joint Development Agreement (JDA) with global energy company Mabanaft to advance Solar Methanol 1 (SM1), a CSP-powered green methanol reference plant.
Is It Worth Investing in Vast Renewables Ltd (NASDAQ: VSTE) Right Now?
The price-to-earnings ratio for Vast Renewables Ltd (NASDAQ: VSTE) is 160.27x, which is above its average ratio. Moreover, the 36-month beta value for VSTE is -0.38.
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The public float for VSTE is 1.28M and currently, short sellers hold a 1.69% of that float. On August 27, 2024, VSTE’s average trading volume was 183.28K shares.
VSTE’s Market Performance
VSTE’s stock has seen a -42.93% decrease for the week, with a -46.82% drop in the past month and a -57.76% fall in the past quarter. The volatility ratio for the week is 24.69%, and the volatility levels for the past 30 days are at 15.00% for Vast Renewables Ltd The simple moving average for the past 20 days is -42.91% for VSTE’s stock, with a -73.10% simple moving average for the past 200 days.
VSTE Trading at -49.09% from the 50-Day Moving Average
After a stumble in the market that brought VSTE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.64% of loss for the given period.
Volatility was left at 15.00%, however, over the last 30 days, the volatility rate increased by 24.69%, as shares sank -50.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.34% lower at present.
During the last 5 trading sessions, VSTE fell by -42.93%, in comparison to the 20-day moving average, which settled at $1.9903. In addition, Vast Renewables Ltd saw -77.46% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for VSTE
The total capital return value is set at -0.69. Equity return is now at value -0.10, with -0.10 for asset returns.
Based on Vast Renewables Ltd (VSTE), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at -0.39.
Currently, EBITDA for the company is -13.53 million with net debt to EBITDA at 1.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
To wrap up, the performance of Vast Renewables Ltd (VSTE) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
