The trading price of Vast Renewables Ltd (NASDAQ:VSTE) closed higher on Friday, November 15, and closing at $1.73, 5.49% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.5208 and $2.45. In examining the 52-week price action we see that the stock hit a 52-week high of $14.00 and a 52-week low of $0.83. Over the past month, the stock has gained 73.02% in value.
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Vast Renewables Ltd, whose market valuation is $54.70 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest VSTE has a Hold 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% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that VSTE’s price is currently -21.75% off the SMA20 and 12.71% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.59, and weekly volatility stands at 33.89%. When measured over the past 30 days, the indicator reaches 47.03%. Vast Renewables Ltd (NASDAQ:VSTE)’s beta value is currently sitting at -0.64, while the Average True Range indicator is currently displaying 0.87.
To see how Vast Renewables Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: VSTE stock’s performance was 5.49% in the latest trading, and -84.17% in the past year.
An evaluation of the daily trading volume of Vast Renewables Ltd (NASDAQ:VSTE) indicates that the 3-month average is 2.50 million. However, this figure has increased over the past 10 days to an average of 3.85.
Currently, records show that 29.97 million of the company’s shares remain outstanding. The insiders hold 93.05% of outstanding shares, whereas institutions hold 0.07%. The stats also highlight that short interest as of 2024-10-31, stood at 0.69 million shares, resulting in a short ratio of 0.28 at that time. From this, we can conclude that short interest is 3323.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 11943.0. However, since the stock’s price has seen -66.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
