Astrotech Corporation (NASDAQ:ASTC) shares, rose in value on Wednesday, Apr 07, with the stock price up by 1.38% to the previous day’s close as strong demand from buyers drove the stock to $2.21.
Actively observing the price movement in the last trading, the stock closed the session at $2.18, falling within a range of $2.1000 and $2.9800. The value of beta (5-year monthly) was -1.22 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $6.14, and the low was $1.43. On the whole, ASTC has fluctuated by 29.24% over the past month.
We see that ASTC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a Hold.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 1 recommend it as a Buy and no body called the ASTC stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ASTC currently trading nearly 5.09% and -8.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.73, while the 7-day volatility ratio is showing 15.43% which for the 30-day chart, stands at 11.29%. Furthermore, Astrotech Corporation (ASTC)’s beta value is -1.22, and its average true range (ATR) is 0.26. The company’s stock has been forecasted to trade at an average price of $25 over the course of the next 52 weeks, with a low of $25 and a high of $25. Based on these price targets, the low is 1031.22 off current price, whereas the price has to move +1031.22% to reach the yearly target high. Additionally, analysts’ median price of $25 is likely to be welcomed by investors because it represents an increase of +1031.22% from the current levels.
A comparison of Astrotech Corporation (ASTC) with its peers suggests the former has fared considerably weaker in the market. ASTC showed an intraday change of +1.38% in last session, and over the past year, it dropped by -11.6%. In comparison, Raytheon Technologies Corp (RTX) has moved higher at +0.12% on the day and was up +34.82% over the past 12 months. On the other hand, the price of Transdigm Group Inc (TDG) has fallen -1.29% on the day. The stock, however, is off 109.9% from where it was a year ago. Additionally, there is a gain of 138% for Heico Corp (HEI) in last trading while the stock has seen an overall depriciation of -11.6% over the past year. The PE ratio stands at 0 for Astrotech Corporation, compared to 0 for Raytheon Technologies Corp, and 88.19 for Transdigm Group Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.
Data on historical trading for Astrotech Corporation (NASDAQ:ASTC) indicates that the trading volumes over the past 10 days have averaged 1.85 Million and over the past 3 months, they’ve averaged 2.29 Million. According to company’s latest data on outstanding shares, there are 24.6 Million shares outstanding.
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Nearly 18.68% of Astrotech Corporation’s shares belong to company insiders and institutional investors own 11.55% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 358.36 Million shares as on March 14, 2021, resulting in a short ratio of 0.15. According to the data, the short interest in Astrotech Corporation (ASTC) stood at 1.59% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 619.31 Million. The stock has risen by +24.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASTC stock heading into the next quarter.