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Why Ascent Solar Technologies Inc (ASTI) Stock Could See Much Higher Prices Ahead

Ascent Solar Technologies Inc (NASDAQ: ASTI) is -89.60% lower on its value in year-to-date trading and has touched a low of $0.09 and a high of $17.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASTI stock was last observed hovering at around $0.09 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.09, the stock is -9.53% and -20.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.24 million and changing -3.62% at the moment leaves the stock -82.87% off its SMA200. ASTI registered -99.43% loss for a year compared to 6-month loss of -86.49%.

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The stock witnessed a -13.81% gain in the last 1 month and extending the period to 3 months gives it a -11.62%, and is -11.96% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.10% over the week and 10.44% over the month.

Ascent Solar Technologies Inc (ASTI) has around 18 employees, a market worth around $8.41M and $0.34M in sales. Profit margin for the company is -5844.80%. Distance from 52-week low is 1.91% and -99.49% from its 52-week high.

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Ascent Solar Technologies Inc (ASTI) Top Institutional Holders

The shares outstanding are 92.91M, and float is at 91.20M with Short Float at 1.40%.

Ascent Solar Technologies Inc (ASTI) Insider Activity

The most recent transaction is an insider purchase by Peterson David Theodore JR,the company’sDirector. SEC filings show that Peterson David Theodore JR bought 66,000 shares of the company’s common stock on Jul 02 ’24 at a price of $0.09 per share for a total of $6178.0. Following the purchase, the insider now owns 0.11 million shares.

Ascent Solar Technologies Inc disclosed in a document filed with the SEC on Apr 12 ’24 that Warley Paul P. (Chief Executive Officer) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Apr 12 ’24 and was made at $0.12 per share for $1862.0. Following the transaction, the insider now directly holds 0.25 million shares of the ASTI stock.

Still, SEC filings show that on Nov 01 ’23, Forrest Reynolds T. (Director) acquired 3,529 shares at an average price of $0.85 for $3000.0. The insider now directly holds 58,243 shares of Ascent Solar Technologies Inc (ASTI).

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