Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $6406.7300000000005 following the completion of this transaction.
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 $5729.13.
Analyzing ASTI Stock Performance
During the last five days, there has been a drop of approximately -20.64%. Over the course of the year, Ascent Solar Technologies Inc shares have dropped approximately -87.76%. Shares of the company reached a 52-week high of $0.9100 on 01/02/24 and a 52-week low of $0.1000 on 04/16/24. A 50-day SMA is recorded $0.4274, while a 200-day SMA reached $4.7119. Nevertheless, trading volume fell to 2.28 million shares from 0.96 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 0.1005, which, if violated, would cause prices to drop to 0.0945. In the upper region, resistance lies at 0.1131. The next price resistance is at 0.1197. RSI (Relative Strength Index) is 13.64 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1345, which suggests the price will decrease in the coming days. Percent R is at 97.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
