Astrotech Corporation (NASDAQ:ASTC) concluded the trading on Wednesday, Sep 09 with a rise of 20.47% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $1.71 and 5Y monthly beta was reading -0.83 with its price kept floating in the range of $1.9200 and $2.5500 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that ASTC hit a high price of $7.75 and saw its price falling to a low level of $0.98 during that period. Over a period of past 1-month, stock came losing -35.63% in its value.
In contrast, when we review ASTC stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 50% Sell for it.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; none of them are recommending Astrotech Corporation (ASTC) as a Hold, while 1 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Buy and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the ASTC stock which is currently positioned at 0. It further provides that stock’s current price level is -14.58% away from its 20-day simple moving average and is -23.32% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 39.33 while volatility remained at 1571% over the past week which changes to 9.42% when measuring it over the past month. Beta is valued at -0.83, while measure of average true range or ATR is currently at 0.25. In predicting price targets of as low as $25 and as high as $25, analysts are in agreement on assigning the stock over the next 12 months average price target of $25. Stock’s current price level is 1113.59% above from estimated low price target while it is 1113.59% below the estimated high; and even if the ASTC’s share succeeded to reach the median price of $25, then the outlook of +1113.59% could come to the excitement of the investors.
In comparing Astrotech Corporation (ASTC)’s stock with other industry players reveals that stock’s latest price change of +20.47% and that of -4.19% over the past 12 months is in better position with that of Raytheon Technologies Corp. (RTX) which saw its stock price raised by 0.56% in the recent trading and went through a decline of -24.57% in past 12-month trading. Industry’s another major player Transdigm Group Inc (TDG) has fell -0.2% down in latest trading session, but over the past year has faced a rise of 4.91%, while Heico Corp (HEI) is also up 20.47% however its price remained floating in the red at -4.19% over the same period. Astrotech Corporation has a P/E ratio of 0 against that of Raytheon Technologies Corp.’s 146.03 while Transdigm Group Inc is showing 49.61 for the same. On the other hand, the S&P 500 Index was up 2.01% in the early deals while the Dow Jones Industrial was dealing higher at 1.6%.
Having a second look at Astrotech Corporation (NASDAQ:ASTC) provides that stock’s average daily trading volume for 3 months was 295.54 Million, while it dropped to 134.88 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 7.58 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 31.22% while it is 10.58% for the institutional holders. The figures also indicate that as of August 13, 2020, number of stock’s short shares was 84720000 which implies a short ratio of 0.19. This shows up a 1.12% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short declined as it was 97.65 Million in the previous month. Addition of +14.44% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.