Can Ascent Solar Technologies Inc. (ASTI) stock recover despite sales dropping?

The price of Ascent Solar Technologies Inc. (NASDAQ:ASTI) shares last traded on Wall Street fell -6.70% to $0.08.

ASTI stock price is now -31.60% away from the 50-day moving average and -93.00% away from the 200-day moving average. The market capitalization of the company currently stands at $4.41M.

Insiders disposed of 8,000,000 shares of company stock worth roughly $0.64 million over the past 1 year. A total of 12.50% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in ASTI stock. A new stake in Ascent Solar Technologies Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $14,000. MILLENNIUM MANAGEMENT LLC invested $4,000 in shares of ASTI during the first quarter. In the first quarter, NORTHERN TRUST CORP acquired a new stake in Ascent Solar Technologies Inc. valued at approximately $1,000. In total, there are 25 active investors with 0.70% ownership of the company’s stock.

A candlestick chart of Ascent Solar Technologies Inc. (NASDAQ: ASTI) showed a price of $0.0800 on Friday morning. During the past 12 months, Ascent Solar Technologies Inc. has had a low of $0.08 and a high of $18.01. The fifty day moving average price for ASTI is $0.1179 and a two-hundred day moving average price translates $1.1560 for the stock.

The latest earnings results from Ascent Solar Technologies Inc. (NASDAQ: ASTI) was released for Mar, 2023. The company reported revenue of $0.12 million for the quarter, compared to $0.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -78.09 percent.

Ascent Solar Technologies Inc.(ASTI) Company Profile

Ascent Solar Technologies, Inc. designs, manufactures, and sells copper-indium-gallium-diselenide photovoltaic products for agrivoltaics, aerospace, satellites, near earth orbiting vehicles, and fixed wing unmanned aerial vehicles applications. The company markets and sells its products through OEMs, system integrators, distributors, retailers, and value-added resellers. Ascent Solar Technologies, Inc. was incorporated in 2005 and is headquartered in Thornton, Colorado.

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