Should You Sell Vast Renewables Ltd (VSTE) And Go Away This Year?

Vast Renewables Ltd (NASDAQ:VSTE) currently has a daily average trading volume of 4.87M but it saw 2700904 shares traded in last market. With a market cap of 11.17M USD, the company’s current market price of $0.37 came falling about -10.41 while comparing to the previous closing price of $0.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.99 and as low as $0.38. In the recent trading on the day, stock has struck highest price mark of $0.3371 while lowest mark touched by it was $0.412.

Taking a look at 20-day trading activity of Vast Renewables Ltd (VSTE) gives us an average price of $0.5210, while its current price level is -96.89% below from 52-week high level whereas it is -2.78% 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 $0.7819 while that of 200 days or SMA-200 reads an average of $1.5917. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.37% during that period while stretching the period over a month that decreases to 14.01%. 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 31.06 which implies that the stock is in neutral territory.

Over the week, VSTE’s stock price is moving -38.78% down while it is -44.79% when we observe its performance for the past one month. Year-to-date it is -66.43% down and over the past year, the stock is showing a downside performance of -86.72%.

Currently, Vast Renewables Ltd’s total number of outstanding shares is 29.97M. Company’s return on investment (ROI) stands at -629.75%. Stock’s beta reads -0.20. Stock has a price to sale or P/S ratio amounts to 1117.17. Its return on asset (ROA) is -102.48% on average.