The stock of Ascent Solar Technologies Inc. (NASDAQ:ASTI) decreased by $0.0 on Monday to finish at $0.06, down -10.94 percent. The last five days have seen an average of 14,290,740 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$1.5730. The average number of shares traded over the last 20 days was 10,530,235, while the average volume over the last 50 days totaled 5,373,006.
ASTI stock dropped -30.57% since last month. On 08/21/23, the company’s shares reached a one-month low of $0.0512. The stock touched a high of $8.88 on 01/03/23, after rallying from a low of $0.05 in 52 weeks. The price of ASTI stock has declined by -96.50% or -$1.5730 this year, reaching a new high 1 time. Still, the stock price is down -99.36% from the 52-week high.
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Financial Health
For the recent quarter, Ascent Solar Technologies Inc.’s quick ratio was 0.10, while its current ratio was 0.20, indicating its inability to pay off its debt. Based on annual data, it had gross profit of -$0.79 million and revenue of $1.22 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ASTI’s return on assets (ROA) during the last 12 months has been -252.10%. There was a -167.20% return on investment (ROI) in the past year.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $100000.0, while revenues fell by -540.0% to $0.12 million. EBITDA was -$2.27 million for the quarter. At the end of Ascent Solar Technologies Inc.’s most recent quarter, its liabilities totaled 14.46 million, while its total debt was $10.03 million. Equity owned by shareholders amounts to $68.94 million.
Technical Picture
Here’s a quick look at Ascent Solar Technologies Inc.’s (ASTI) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 35.73%, suggesting the stock is Neutral, with a 119.87% historical volatility rate.
The stochastic %K and %D were 27.04% and 32.58% respectively, while the average true range (ATR) was 0.0113. Based on the 14-day stochastic reading of 16.34%, the RSI (14) reading is 35.27%. On the 9-day MACD Oscillator, the stock is at -0.0021.
Analyst Ratings
Analysts have assigned Ascent Solar Technologies Inc. (ASTI) an Hold rating. ASTI is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is ASTI’s price target for the next 12 months?
The current consensus forecast for the stock is between $300000000.00 and $300000000.00, with a median target price of $300000000.00. In analyzing these forecasts, the average price target given by analysts for Ascent Solar Technologies Inc. (ASTI) is $300000000.00.
