Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) Slowly Climbing Up
Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) hasn’t had the greatest of performances lately. The ticker began the month slowly sliding down the charts before taking a more steep downward direction in mid-May, losing a hefty amount of value on increased daily volumes.
The company hasn’t issued a lot of press releases lately, but it managed to make some efforts in regaining some of the lost value. Unfortunately, when it began to climb earlier this month it quickly began to correct and returned to its post-loss levels. Meanwhile, ASTI hasn’t been doing all that well according to the numbers from its report for the first quarter of the year.
- cash: $350 thousand
- current assets: $9.7 million
- current liabilities: $15.1 million
- quarterly revenues: $710 thousand
- net loss: $10.5 million
Although the cash and current assets seem pretty decent we can’t ignore the massive amount of liabilities that ASTI has accumulated and the big net loss. Still, the company stock is having a pretty tough time regaining the loss it suffered in the middle of the month.
The fact that ASTI is losing ground so consistently, however, isn’t that surprising when you consider the massive amount of shares that have been issued in the past year, a matter which we discussed in our previous article.
The last couple of sessions, however, have gone pretty decently. ASTI finished last week with a 5.41% gain, climbing to $0.0234. A total of 15.66 million shares changed their owners before the weekend and generated $348 thousand in daily dollar volume. This, however, hasn’t happened without the help of a couple of promotional emails being sent around recently.
The company stock is still doing well in today’s session, but shows some signs of hesitation. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.
