Ascent Solar Technologies Inc. (NASDAQ:ASTI) finished Wednesday with a subtraction of -$0.01 to close at $0.06, a downside of -5.30 percent. An average of 3,849,160 shares of common stock have been traded in the last five days. There was a fall of -$0.0143 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,502,935 shares traded, while the 50-day average volume stands at 2,041,194.
ASTI stock has decreased by -44.59% in the last month. The company shares reached their 1-month lowest point of $0.0610 on 08/08/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $0.06 and a high of $18.01 in 52 weeks. It has reached a new high 1 time so far this year and lost -96.17% or -$1.5675 in price. In spite of this, the price is down -99.65% from the 52-week high.
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Valuation Metrics
Ascent Solar Technologies Inc. (ASTI) stock’s beta is 1.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.62.
Financial Health
The quick ratio of Ascent Solar Technologies Inc. for the recent quarter was 1.10, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Ascent Solar Technologies Inc.’s EBITDA margin is -1331.85%. Its gross profit as reported stood at -$0.79 million compared to revenue of $1.22 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, Ascent Solar Technologies Inc.’s return on assets was -164.70%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$6.08 million in the quarter, while revenues of -$5.23 million were grew 29.28%. Shareholders own equity worth $49.93 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Ascent Solar Technologies Inc. (ASTI) price momentum. RSI 9-day as of the close on 09 August was 19.59%, suggesting the stock is oversold, with historical volatility in this time frame at 30.41%.
As of today, ASTI’s price is $0.0691 -18.62% or -$0.0143 from its 5-day moving average. ASTI is currently trading -44.10% lower than its 20-day SMA and -85.76% lower than its 100-day SMA. However, the stock’s current price level is -47.79% below the SMA50 and -98.78% below the SMA200.
The stochastic %K and %D were 10.91% and 11.02%, respectively, and the average true range (ATR) was 0.0078. With the 14-day stochastic at 5.36% and the average true range at 0.0090, the RSI (14) stands at 25.34%. The stock has reached -0.0078 on the 9-day MACD Oscillator while the 14-day reading was at -0.0101.
Analyst Ratings
The consensus rating for Ascent Solar Technologies Inc. (ASTI) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ASTI, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is ASTI’s price target for the next 12 months?
Analysts predict a range of price targets between $300000000.00 and $300000000.00, with a median target of $300000000.00. Taking a look at these predictions, the average price target given by analysts for Ascent Solar Technologies Inc. (ASTI) stock is $300000000.00.
