At the last check on Thursday, Ascent Solar Technologies Inc.’s (NASDAQ:ASTI) stock traded at $0.07. The average number of shares traded per day over the past five days has been 11,013,734 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0010 gain in that time frame. In the last twenty days, the average volume was 4,585,729, while in the previous 50 days, it was 2,931,406.
Since last month, ASTI stock retreated -17.06%. Shares of the company fell to $0.0600 on 08/14/23, the lowest level in the past month. A 52-week high of $18.01 was reached on 01/03/23 after having rallying from a 52-week low of $0.06. Since the beginning of this year, ASTI’s stock price has dropped by -95.71% or -$1.5600, and marked a new high 1 time. However, the stock has declined by -99.61% since its 52-week high.
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Valuation Metrics
The stock’s beta is 1.73. Besides these, the trailing price-to-sales (P/S) ratio of 4.96, the price-to-book (PB) ratio of 1.17.
Financial Health
In the recent quarter, Ascent Solar Technologies Inc.’s quick ratio stood at 0.10, while its current ratio was 0.20, showing that the company is not able to pay off its debt. Based on annual data, ASTI earned -$0.79 million in gross profit and brought in $1.22 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ASTI’s revenue fell -540.0% to $0.12 million during the quarter, while net income inched up to $100000.0. During the quarter, the company generated -$2.27 million in EBITDA. The liabilities of Ascent Solar Technologies Inc. were 14.46 million at the end of its most recent quarter, and its total debt was $10.03 million. The value of shareholders’ equity is $68.94 million.
Technical Picture
This quick technical analysis looks at Ascent Solar Technologies Inc.’s (ASTI) price momentum. With a historical volatility rate of 76.91%, the RSI 9-day stood at 42.93% on 16 August.
With respect to its five-day moving average, the current Ascent Solar Technologies Inc. price is up by +1.45% percent or $0.0010. At present, ASTI shares trade -13.58% below its 20-day simple moving average and -83.70% percent below its 100-day simple moving average. However, the stock is currently trading approximately -36.36% below its SMA50 and -97.50% below its SMA200.
Stochastic coefficient K was 29.19% and Stochastic coefficient D was 23.56%, while ATR was 0.0097. Given the Stochastic reading of 37.45% for the 14-day period, the RSI (14) reading has been calculated as 37.86%.
Analyst Ratings
Ascent Solar Technologies Inc. (ASTI) has been rated Hold by analysts. According to 0 brokerage firms, ASTI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ascent Solar Technologies Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $300000000.00, the current consensus forecast for the stock is $300000000.00 – $300000000.00. Based on these forecasts, analysts predict Ascent Solar Technologies Inc. (ASTI) will achieve an average price target of $300000000.00.
