There’s Something Awry at Ascent Solar Technologies Inc (NASDAQ:ASTI) Since Share Price Gets Ahead of Fundamentals

Ascent Solar Technologies Inc (NASDAQ:ASTI) shares traded 4.09% higher at $0.10 on Wall Street last session.

ASTI stock price is now -8.77% away from the 50-day moving average and -83.98% away from the 200-day moving average. The market capitalization of the company currently stands at $9.70M.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"

Sponsored

In other news, Peterson David Theodore JR, Director bought 66,000 shares of the company’s stock on Jul 02 ’24. The stock was bought for $6,178 at an average price of $0.09. Upon completion of the transaction, the Director now directly owns 108,152 shares in the company, valued at $10815.2. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 12 ’24, Chief Executive Officer Warley Paul P. bought 15,000 shares of the business’s stock. A total of $1,862 was incurred on buying the stock at an average price of $0.12. This leaves the insider owning 246,538 shares of the company worth $24653.8. A total of 1.84% of the company’s stock is owned by insiders.

During the past 12 months, Ascent Solar Technologies Inc has had a low of $0.09 and a high of $23.74. The fifty day moving average price for ASTI is $0.11468 and a two-hundred day moving average price translates $0.62107 for the stock.

The latest earnings results from Ascent Solar Technologies Inc (NASDAQ: ASTI) was released for 2024-03-31. The net profit margin was -5844.80% and return on equity was -1116.07% for ASTI. The company reported revenue of $6000.0 for the quarter, compared to $0.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -95.16 percent.

Related Posts