The trading price of Astrotech Corporation (NASDAQ:ASTC) closed lower on Friday, Feb 19, closing at $3.09, 0% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.0700 and $3.3300. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was -0.73. In examining the 52-week price action we see that the stock hit a 52-week high of $7.75 and a 52-week low of $0.98. Over the past month, the stock has gained 44.39% in value.
On the technical side, indicators suggest ASTC has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ASTC a recommendation rating is 1. Out of them, no one rate it a Hold, while 1 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Astrotech Corporation (ASTC) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that ASTC’s price is currently 11.61% off the SMA20 and 35.31% off the SMA50. The RSI metric on the 14-day chart is currently showing 55.43, and weekly volatility stands at 11.19%. When measured over the past 30 days, the indicator reaches 12.43%. Astrotech Corporation (NASDAQ:ASTC)’s beta value is currently sitting at -0.73, while the Average True Range indicator is currently displaying 0.36. With analysts defining $25-$25 as the low and high price targets, we arrive at a consensus price target of $25 for the trailing 12-month period. The current price is about 709.06% off the estimated low and 709.06% off the forecast high, based on this estimate. Investors will be thrilled if ASTC’s share price rises to $25, which is the median consensus price. At that level, ASTC’s share price would be +709.06% above current price.
To see how Astrotech Corporation stock has been performing in comparison to its peers in the industry, here are the numbers: ASTC stock’s performance was 0% in the latest trading, and +56.85% in the past year, while Raytheon Technologies Corp (RTX) has traded +1.89% on the day and positioned -16.01% lower than it was a year ago. Another comparable company Transdigm Group Inc (TDG) saw its stock close 4.16% higher in the most recent trading session but was down -5.33% in a year. Furthermore, Heico Corp (HEI) showed a decline of 0% on the day while its price kept rising at 56.85% over the past year. Astrotech Corporation has a P/E ratio of 0, compared to Raytheon Technologies Corp’s 0 and Transdigm Group Inc’s 87.32. Also in last trading session, the S&P 500 Index has soared -0.19%, while the Dow Jones Industrial also saw a negative seesion, down 0% on the day.
An evaluation of the daily trading volume of Astrotech Corporation (NASDAQ:ASTC) indicates that the 3-month average is 1.77 Million. However, this figure has increased over the past 10 days to an average of 2.7 Million.
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Currently, records show that 19.73 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 13.36% of outstanding shares, whereas institutions hold 13.23%. The stats also highlight that short interest as of January 28, 2021, stood at 271.35 Million shares, resulting in a short ratio of 0.2 at that time. From this, we can conclude that short interest is 1.46% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 86.18 Million. However, since the stock’s price has seen +74.58% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.