Ascent Solar Technologies Inc. (NASDAQ: ASTI) How Worried Should Investors Be About

Ascent Solar Technologies Inc. (NASDAQ:ASTI) does about 243.20K shares in volume on a normal day but saw 290373 shares change hands in Friday trading. The company now has a market cap of 22.07M USD. Its current market price is $0.69, remained unchanged the previous close of $0.69. The 52 week high reached by this stock is $18.01 whilst the lowest price level in 52 weeks is $0.63. The script in recent trading has seen the stock touch a high of $0.69 and a low of $0.64.

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Ascent Solar Technologies Inc. (ASTI) has a 20-day trading average at $1.0608 and the current price is -96.17% off the 52-week high compared with 10.15% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5651 and its 200-day simple moving average is $4.4117. If we look at the stock’s price movements over the week, volatility stands at 17.56%, which decreases to 10.44% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 16.99 to suggest the stock is oversold.

1 analysts observing the Ascent Solar Technologies Inc. (ASTI) stock have set the 12-month price targets for the company’s shares at between $300000000.00 and $300000000.00. The median price target is 100.0% away from the current levels at $300000000.00.

FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold.

The current price level is -36.83%, -57.30%, and -84.51% away from its SMA20, SMA50, and SMA200 respectively, with the ASTI price moving above the 50-day SMA on February 17. Ascent Solar Technologies Inc. (ASTI) stock is down -22.26% over the week and -47.73% over the past month. Its price is -57.67% year-to-date and -93.10% over the past year.

The company’s next earnings report is expected on 05/17/2023.

Its 12-month price target is $300000000.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $300000000.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $300000000.00.

Outstanding shares total 33.16M with insiders holding 50.68% of the shares and institutional holders owning 0.95% of the company’s common stock. The company has a return on investment of -157.00%. The beta has a value of 1.61. Price to book ratio is 13.80 and price to sales ratio is 16.97.

According to a U.S. Securities and Exchange Commission filing, Schwab US Small Cap ETF has reduced its position in Ascent Solar Technologies Inc. (ASTI) to 28,603 shares, mirroring a recent drop by -0.18%. Schwab US Small Cap ETF dumped 52.0 shares of Ascent Solar Technologies Inc. common stock bringing its total worth to about $36326.0 at the end of recent close, SEC documents show.

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