Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ascent Solar Technologies Inc shares valued at $3,000 were purchased by Forrest Reynolds T. on Nov 01 ’23. At $0.85 per share, Forrest Reynolds T. acquired 3,529 shares. The insider’s holdings grew to 58,243 shares worth approximately $23879.629999999997 following the completion of this transaction.
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Also, Forrest Reynolds T. purchased 2,631 shares, netting a total of over 2,999 in proceeds. Following the buying of shares at $1.14 each, the insider now holds 54,714 shares.
Before that, Forrest Reynolds T. had added 52,083 shares to its account. In a trade valued at $149,999, the Director bought Ascent Solar Technologies Inc shares for $2.88 each. Upon closing the transaction, the insider’s holdings increased to 52,083 shares, worth approximately $21354.03.
Analyzing ASTI Stock Performance
During the last five days, there has been a surge of approximately 22.06%. Over the course of the year, Ascent Solar Technologies Inc shares have dropped approximately -52.30%. Shares of the company reached a 52-week high of $0.9100 on 01/02/24 and a 52-week low of $0.3123 on 03/13/24. A 50-day SMA is recorded $0.5926, while a 200-day SMA reached $6.8834. Nevertheless, trading volume fell to 0.86 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Ascent Solar Technologies Inc (ASTI)
According to the 24-hour chart, there is a support level at 0.3851, which, if violated, would cause prices to drop to 0.3551. In the upper region, resistance lies at 0.4375. The next price resistance is at 0.4599. RSI (Relative Strength Index) is 40.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0306, which suggests the price will decrease in the coming days. Percent R is at 52.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Ascent Solar Technologies Inc subject to short interest?
Stocks of Ascent Solar Technologies Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.81 million shares to 0.86 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 57740.0 shares. A jump of 93.31% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.77 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.77.
