Vast Renewables Ltd (NASDAQ:VSTE) shares, rose in value on Friday, November 22, with the stock price up by 13.79% to the previous day’s close as strong demand from buyers drove the stock to $1.65.
Actively observing the price movement in the last trading, the stock closed the session at $1.45, falling within a range of $1.47 and $1.9. The value of beta (5-year monthly) was -0.586. Referring to stock’s 52-week performance, its high was $14.00, and the low was $0.83. On the whole, VSTE has fluctuated by 68.88% over the past month.
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With the market capitalization of Vast Renewables Ltd currently standing at about $49.45 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VSTE’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of VSTE currently trading nearly -30.14% and 4.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.45, while the 7-day volatility ratio is showing 16.06% which for the 30-day chart, stands at 47.86%. Furthermore, Vast Renewables Ltd (VSTE)’s beta value is -0.68, and its average true range (ATR) is 0.68.
A comparison of Vast Renewables Ltd (VSTE) with its peers suggests the former has fared considerably weaker in the market. VSTE showed an intraday change of 13.79% in last session, and over the past year, it shrunk by -84.95%%.
Data on historical trading for Vast Renewables Ltd (NASDAQ:VSTE) indicates that the trading volumes over the past 10 days have averaged 0.82 and over the past 3 months, they’ve averaged 2.58 million. According to company’s latest data on outstanding shares, there are 29.97 million shares outstanding.
Nearly 91.31% of Vast Renewables Ltd’s shares belong to company insiders and institutional investors own 0.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.69 million shares as on 2024-10-31, resulting in a short ratio of 0.28. According to the data, the short interest in Vast Renewables Ltd (VSTE) stood at 3323.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 11943.0. The stock has fallen by -68.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VSTE stock heading into the next quarter.
