Actelis Networks Inc. (NASDAQ:ASNS) finished Wednesday with a subtraction of -$0.7 to close at $1.50, a downside of -31.82 percent. An average of 918,400 shares of common stock have been traded in the last five days. There was a fall of -$0.86 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 251,555 shares traded, while the 50-day average volume stands at 115,630.
ASNS stock has decreased by -54.27% in the last month. The company shares reached their 1-month lowest point of $1.43 on 08/09/23. With the stock rallying to its 52-week high on 05/04/23, shares of the company touched a low of $2.02 and a high of $15.20 in 52 weeks. It has reached a new high 5 times so far this year and lost -68.57% or -$3.27 in price. In spite of this, the price is down -90.13% from the 52-week high.
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Insider Transactions
ASNS stock investors should be aware that Actelis Networks Inc. (ASNS) stock had its last reported insider trading activity 85 days ago on May 17. In this transaction, the insider spent $6,995. Director, Niv Israel, disposed of 422 shares at a price of $3.32 on May 17. The insider now owns more than $1,401 worth of shares.
Valuation Metrics
Actelis Networks Inc. (ASNS) stock’s beta is 0.51. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.33, the price-to-book (PB) ratio at 1.83.
Financial Health
The quick ratio of Actelis Networks Inc. for the recent quarter was 0.80, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.64 and a total debt to equity ratio of 3.50 for the recent quarter. Its gross profit as reported stood at $4.11 million compared to revenue of $8.83 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, Actelis Networks Inc.’s return on assets was -52.60%.
Earnings Surprise
For the recent quarter, Actelis Networks Inc. had $0.81 million in cash and short-term investments compared to $3.71 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$1.9 million in the quarter, while revenues of -$7.12 million were grew 100.0%. Shareholders own equity worth $1.94 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Actelis Networks Inc. (ASNS) price momentum. RSI 9-day as of the close on 09 August was 17.44%, suggesting the stock is oversold, with historical volatility in this time frame at 199.67%.
As of today, ASNS’s price is $2.09 -36.44% or -$0.86 from its 5-day moving average. ASNS is currently trading -54.13% lower than its 20-day SMA and -67.50% lower than its 100-day SMA. However, the stock’s current price level is -42.53% below the SMA50 and -80.00% below the SMA200.
The stochastic %K and %D were 11.13% and 15.22%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 4.15% and the average true range at 0.43, the RSI (14) stands at 24.35%. The stock has reached -0.27 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.
