Astec Industries Inc [NASDAQ: ASTE] closed the trading session at $38.75.
The stocks have a year to date performance of 15.33 percent and weekly performance of -7.74 percent. The stock has been moved at 7.64 percent over the last six months. The stock has performed 8.67 percent around the most recent 30 days and changed 27.47 percent over the most recent 3-months.
If compared to the average trading volume of 158.05K shares, ASTE reached to a volume of 122624 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Astec Industries Inc [ASTE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASTE shares is $43.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ASTE stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Astec Industries Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 02, 2024. The new note on the price target was released on April 08, 2022, representing the official price target for Astec Industries Inc stock. Previously, the target price had yet another raise from $65 to $82, while Sidoti kept a Buy rating on ASTE stock. On May 06, 2021, analysts increased their price target for ASTE shares from 75 to 81.
The Average True Range (ATR) for Astec Industries Inc is set at 1.31, with the Price to Sales ratio for ASTE stock in the period of the last 12 months amounting to 0.67. The Price to Book ratio for the last quarter was 1.35, with the Price to Cash per share for the same quarter was set at 4.17. Price to Free Cash Flow for ASTE in the course of the last twelve months was 12.48 with Quick ratio for the last quarter at 1.09.
ASTE stock trade performance evaluation
Astec Industries Inc [ASTE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.74. With this latest performance, ASTE shares gained by 8.67% in over the last four-week period, additionally plugging by 7.64% over the last 6 months – not to mention a rise of 15.46% 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 ASTE stock in for the last two-week period is set at 50.34, with the RSI for the last a single of trading hit 41.68, and the three-weeks RSI is set at 53.37 for Astec Industries Inc [ASTE]. The present Moving Average for the last 50 days of trading for this stock 36.54, while it was recorded at 40.26 for the last single week of trading, and 34.43 for the last 200 days.
Astec Industries Inc [ASTE]: An insightful look at the core fundamentals
Astec Industries Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 2.66.
Astec Industries Inc [ASTE]: Institutional Ownership
There are presently around $94.81%, or 95.81%% of ASTE stock, in the hands of institutional investors. The top three institutional holders of ASTE stocks are: BLACKROCK INC. with ownership of 4.02 million shares, which is approximately 17.6304%. VANGUARD GROUP INC, holding 2.57 million shares of the stock with an approximate value of $$76.19 million in ASTE stocks shares; and VANGUARD GROUP INC, currently with $$51.95 million in ASTE stock with ownership which is approximately 7.6836%.
