Astrotech Corporation [ASTC] Revenue clocked in at $0.60 million, up 37.29% YTD: What’s Next?

Astrotech Corporation [NASDAQ: ASTC] loss -16.78% or -0.49 points to close at $2.43 with a heavy trading volume of 5031196 shares. The company report on February 17, 2021 that Astrotech Reports Second Quarter of Fiscal Year 2021 Financial Results.

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Astrotech Corporation (NASDAQ: ASTC) reported its financial results for the second quarter of fiscal year 2021, which ended December 31, 2020.

Since the beginning of the quarter, we successfully raised a total of $37.0 million in gross proceeds, strengthening our balance sheet for our future growth and expansion of our business. The financings will 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 The Cleveland Clinic Foundation, 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 $2.57, the shares rose to $2.575 and dropped to $2.12, the range by which the price of stock traded the whole day. The daily chart for ASTC points out that the company has recorded -7.25% loss over the past six months. However, it is still -147.96% lower than its most recent low trading price.

If we look at the average trading volume of 1.77M shares, ASTC reached to a volume of 5031196 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 0.38, with the Price to Sales ratio for ASTC stock in the period of the last 12 months amounting to 91.49. The Price to Book ratio for the last quarter was 2.04, with the Price to Cash per share for the same quarter was set at 0.98.

Trading performance analysis for ASTC stock

Astrotech Corporation [ASTC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -37.69. With this latest performance, ASTC shares dropped by 0.00% in over the last four-week period, additionally sinking by -7.25% over the last 6 months – not to mention a rise of 26.56% 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 44.15, with the RSI for the last a single of trading hit 37.64, and the three-weeks RSI is set at 47.53 for Astrotech Corporation [ASTC]. The present Moving Average for the last 50 days of trading for this stock 2.34, while it was recorded at 3.00 for the last single week of trading, and 2.33 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 5.00 and a Current Ratio set at 5.10.

An analysis of insider ownership at Astrotech Corporation [ASTC]

There are presently around $5 million, or 14.30% of ASTC stock, in the hands of institutional investors. The top three institutional holders of ASTC stocks are: SABBY MANAGEMENT, LLC with ownership of 634,297, which is approximately New of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 428,198 shares of the stock with an approximate value of $1.04 million in ASTC stocks shares; and BRADLEY FOSTER & SARGENT INC/CT, currently with $0.86 million in ASTC stock with ownership of nearly New of the company’s market capitalization.

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Positions in Astrotech Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 11 institutional holders increased their position in Astrotech Corporation [NASDAQ:ASTC] by around 1,348,923 shares. Additionally, 3 investors decreased positions by around 58,353 shares, while 2 investors held positions by with 471,420 shares. The mentioned changes placed institutional holdings at 1,878,696 shares, according to the latest SEC report filing. ASTC stock had 7 new institutional investments in for a total of 1,129,863 shares, while 2 institutional investors sold positions of 57,553 shares during the same period.

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