Value gained By ASAP Inc. (ASAP) In The Past Week: $0.4198

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ASAP Inc. (NASDAQ:ASAP) traded with an addition of $0.04 to close at $0.37 on Thursday, an upside of 14.43 percent. An average of 605,481 shares of common stock have been traded in the last five days. There was a fall of -$0.0399 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 656,210 shares traded, while the 50-day average volume stands at 551,395.

ASAP stock has decreased by -69.90% in the last month. The company shares reached their 1-month lowest point of $0.3203 on 12/28/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.32 and a high of $16.39 in 52 weeks. It has reached a new high 1 time so far this year and lost -97.80% or -$14.4399 in price. In spite of this, the price is down -97.73% from the 52-week high.

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Insider Transactions

ASAP stock investors should be aware that ASAP Inc. (ASAP) stock had its last reported insider trading activity 15 days ago on Dec 14. In this transaction, the insider spent $15,434. Director, Green Jonathan, disposed of 8,149 shares at a price of $0.52 on Dec 13. The insider now owns more than $4,270 worth of shares. Prior to that, Director Green Jonathan went on to Sale 52,623 shares at $0.50 each on Dec 12. An amount of $26,485 was transacted.

Valuation Metrics

ASAP Inc. (ASAP) stock’s beta is 0.51. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.03, the price-to-book (PB) ratio at 0.77.

Financial Health

The quick ratio of ASAP Inc. for the three months ended September 29 was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 14.71 and a total debt to equity ratio of 15.03 for the quarter ending September 29. Its gross profit as reported stood at $73.59 million compared to revenue of $182.19 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ASAP Inc.’s return on assets was -99.20%.

Earnings Surprise

The analyst consensus anticipated ASAP Inc.’s latest quarter earnings to come in at -$1 per share, but it turned out to be -$1.2, a -20.00% surprise. For the quarter, EBITDA amounted to -$5.03 million. Shareholders own equity worth $10.39 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ASAP Inc. (ASAP) price momentum. RSI 9-day as of the close on 28 December was 16.63%, suggesting the stock is oversold, with historical volatility in this time frame at 114.93%.

As of today, ASAP’s price is $0.3631 -9.98% or -$0.0399 from its 5-day moving average. ASAP is currently trading -56.66% lower than its 20-day SMA and -96.26% lower than its 100-day SMA. However, the stock’s current price level is -87.28% below the SMA50 and -94.30% below the SMA200.

The stochastic %K and %D were 4.66% and 4.57%, respectively, and the average true range (ATR) was 0.0883. With the 14-day stochastic at 11.72% and the average true range at 0.1203, the RSI (14) stands at 15.04%. The stock has reached -0.0587 on the 9-day MACD Oscillator while the 14-day reading was at -0.0931.

What is ASAP’s price target for the next 12 months?

Analysts predict a range of price targets between $40.00 and $40.00, with a median target of $40.00. Taking a look at these predictions, the average price target given by analysts for ASAP Inc. (ASAP) stock is $40.00.

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