Vast Renewables Ltd (NASDAQ: VSTE) has experienced a rise in its stock price by 5.49 compared to its previous closing price of 1.64. However, the company has seen a fall of -25.75% in its stock price over the last five trading days. globenewswire.com reported 2024-10-29 that HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) — Vast Renewables Limited (“Vast”) (Nasdaq: VSTE), a renewable energy company specialising in concentrated solar thermal power (CSP) systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced it has signed a development services agreement with GGS Energy LLC (“GGS Energy”), a leading energy transition development company with deep project development experience, to pursue a commercial-scale synthetic fuels project in the Southwest United States (Project Bravo).
Is It Worth Investing in Vast Renewables Ltd (NASDAQ: VSTE) Right Now?
VSTE has 36-month beta value of -0.64.
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The public float for VSTE is 2.60M, and currently, short sellers hold a 26.62% ratio of that float. The average trading volume of VSTE on November 18, 2024 was 2.50M shares.
VSTE’s Market Performance
The stock of Vast Renewables Ltd (VSTE) has seen a -25.75% decrease in the past week, with a 73.02% rise in the past month, and a -15.61% fall in the past quarter. The volatility ratio for the week is 33.89%, and the volatility levels for the past 30 days are at 47.03% for VSTE. The simple moving average for the past 20 days is -21.75% for VSTE’s stock, with a -31.39% simple moving average for the past 200 days.
VSTE Trading at 12.71% 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 -87.64% of loss for the given period.
Volatility was left at 47.03%, however, over the last 30 days, the volatility rate increased by 33.89%, as shares surge +73.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.61% upper at present.
During the last 5 trading sessions, VSTE fell by -25.75%, which changed the moving average for the period of 200-days by -18.01% in comparison to the 20-day moving average, which settled at $2.2109. In addition, Vast Renewables Ltd saw -66.67% 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 VSTE starting from AgCentral Energy Pty Ltd., who proposed sale 5,000,000 shares at the price of $6.75 back on Nov 06 ’24. After this action, AgCentral Energy Pty Ltd. now owns shares of Vast Renewables Ltd, valued at $33,750,000 using the latest closing price.
AgCentral Energy Pty Ltd., the 10% Owner of Vast Renewables Ltd, proposed sale 299,735 shares at $1.17 during a trade that took place back on Sep 10 ’24, which means that AgCentral Energy Pty Ltd. is holding shares at $350,690 based on the most recent closing price.
Stock Fundamentals for VSTE
The total capital return value is set at -0.27. 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 -0.33.
Currently, EBITDA for the company is -291.21 million with net debt to EBITDA at 4.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.
Conclusion
To put it simply, Vast Renewables Ltd (VSTE) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
