With 29.97M Outstanding Shares, Can Vast Renewables Ltd (NASDAQ: VSTE) Deliver Big Short-Term Gains?

Vast Renewables Ltd (NASDAQ:VSTE) currently has a daily average trading volume of 18.18K but it saw 56677294 shares traded in last market. With a market cap of 68.04M USD, the company’s current market price of $2.27 came rising about 124.75 while comparing to the previous closing price of $1.01. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.00 and as low as $0.83. In the recent trading on the day, stock has struck highest price mark of $1.01 while lowest mark touched by it was $2.76.

Taking a look at 20-day trading activity of Vast Renewables Ltd (VSTE) gives us an average price of $1.0500, while its current price level is -83.79% below from 52-week high level whereas it is 172.51% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1500 while that of 200 days or SMA-200 reads an average of $2.5200. A closer look into the stock’s movement over the week reveals that its volatility is standing at 44.95% during that period while stretching the period over a month that decreases to 20.11%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 83.99 which implies that the stock is in overbought territory.

Over the week, VSTE’s stock price is moving 130.86% up while it is 102.68% when we observe its performance for the past one month. Year-to-date it is -56.26% down and over the past year, the stock is showing a downside performance of -79.06%.

Currently, Vast Renewables Ltd’s total number of outstanding shares is 29.97M. Company’s return on investment (ROI) stands at -6088.07% and return on equity (ROE) at -0.10%. Stock’s beta reads -0.41. Stock has a price to sale or P/S ratio amounts to 200.12. Its return on asset (ROA) is -0.10% on average.