Astrotech Corporation [ASTC] Stock trading around $1.89 per share: What’s Next?

Astrotech Corporation [NASDAQ: ASTC] gained 12.50% or 0.21 points to close at $1.89 with a heavy trading volume of 1412302 shares. The company report on November 12, 2020 that Astrotech Reports First Quarter of Fiscal Year 2021 Financial Results.

Astrotech Corporation (NASDAQ: ASTC) reported its financial results for the first quarter of fiscal year 2021, which ended September 30, 2020.

In October, we completed two strategic capital raises for a total of $24.2 million, strengthening our balance sheet for our future growth. The financings allow for continued operating expenses and working capital as we increase sales of our TRACER 1000™ explosives trace detector (ETD) to DHL (Deutsche Post AG) and other customers in the security market, launch the AgLAB-1000-D2™ into the hemp and cannabis industry, and develop, in partnership with Cleveland Clinic, the BreathTest-1000™ to screen for volatile organic compound (VOC) metabolites found in a person’s breath that could indicate they may have an infection, including Coronavirus Disease 2019 (“COVID-19”) or the resulting disease, pneumonia.

It opened the trading session at $1.69, the shares rose to $1.95 and dropped to $1.64, the range by which the price of stock traded the whole day. The daily chart for ASTC points out that the company has recorded -29.21% loss over the past six months. However, it is still -92.86% lower than its most recent low trading price.

If we look at the average trading volume of 3.47M shares, ASTC reached to a volume of 1412302 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Astrotech Corporation [ASTC]:

Chardan Capital Markets have made an estimate for Astrotech Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 28, 2016.

The Average True Range (ATR) for Astrotech Corporation is set at 0.30, with the Price to Sales ratio for ASTC stock in the period of the last 12 months amounting to 52.01.

Trading performance analysis for ASTC stock

Astrotech Corporation [ASTC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.62. With this latest performance, ASTC shares gained by 9.25% in over the last four-week period, additionally sinking by -29.21% over the last 6 months – not to mention a rise of 10.53% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASTC stock in for the last two-week period is set at 52.04, with the RSI for the last a single of trading hit 52.45, and the three-weeks RSI is set at 49.66 for Astrotech Corporation [ASTC]. The present Moving Average for the last 50 days of trading for this stock 1.7978, while it was recorded at 1.7160 for the last single week of trading, and 2.3321 for the last 200 days.

Astrotech Corporation [ASTC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Astrotech Corporation [ASTC] shares currently have an operating margin of -1662.70 and a Gross Margin at +7.99. Astrotech Corporation’s Net Margin is presently recorded at -1703.07.

Return on Total Capital for ASTC is now -221.18, given the latest momentum, and Return on Invested Capital for the company is -387.64. Return on Equity for this stock declined to -498.71, with Return on Assets sitting at -171.59. When it comes to the capital structure of this company, Astrotech Corporation [ASTC] has a Total Debt to Total Equity ratio set at 640.64. Additionally, ASTC Total Debt to Total Capital is recorded at 86.50, with Total Debt to Total Assets ending up at 67.52. Long-Term Debt to Equity for the company is recorded at 152.80, with the Long-Term Debt to Total Capital now at 20.63.

Reflecting on the efficiency of the workforce at the company, Astrotech Corporation [ASTC] managed to generate an average of -$307,815 per employee. Receivables Turnover for the company is 1.01 with a Total Asset Turnover recorded at a value of 0.10.Astrotech Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.70.

An analysis of insider ownership at Astrotech Corporation [ASTC]

There are presently around $1 million, or 5.20% of ASTC stock, in the hands of institutional investors. The top three institutional holders of ASTC stocks are: BLACKROCK INC. with ownership of 191,662, which is approximately 0% of the company’s market cap and around 13.37% of the total institutional ownership; VANGUARD GROUP INC, holding 187,602 shares of the stock with an approximate value of $0.35 million in ASTC stocks shares; and VIRTU FINANCIAL LLC, currently with $78000.0 in ASTC stock with ownership of nearly New of the company’s market capitalization.

Positions in Astrotech Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 5 institutional holders increased their position in Astrotech Corporation [NASDAQ:ASTC] by around 187,714 shares. Additionally, 3 investors decreased positions by around 137,409 shares, while 4 investors held positions by with 155,338 shares. The mentioned changes placed institutional holdings at 480,461 shares, according to the latest SEC report filing. ASTC stock had 4 new institutional investments in for a total of 59,128 shares, while 1 institutional investors sold positions of 99,667 shares during the same period.

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