Actelis Networks Inc (ASNS) kicked off at the price of $0.57: Venture capitalists have an exciting new opportunity

Sana Meer

Actelis Networks Inc (NASDAQ: ASNS) on Friday, plunged -8.67% from the previous trading day, before settling in for the closing price of $0.62. Within the past 52 weeks, ASNS’s price has moved between $0.55 and $17.80.

Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 1.18%. The company achieved an average annual earnings per share of 28.82%. With a float of $1.67 million, this company’s outstanding shares have now reached $1.75 million.

Actelis Networks Inc (ASNS) Breakdown of a Key Holders of the stock

Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Actelis Networks Inc is 4.43%, while institutional ownership is 7.09%.

Actelis Networks Inc (ASNS) Recent Fiscal highlights

As on 12/31/2024, Multinational firm has announced its last quarter scores, in which it reported -2.6 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.2) by -2.4. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.98 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 28.82% per share during the next fiscal year.

Actelis Networks Inc (NASDAQ: ASNS) Trading Performance Indicators

Actelis Networks Inc (ASNS) is currently performing well based on its current performance indicators. A quick ratio of 0.93 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.30.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.63, a number that is poised to hit -0.78 in the next quarter and is forecasted to reach -2.28 in one year’s time.

Technical Analysis of Actelis Networks Inc (ASNS)

Compared to the last year’s volume of 0.53 million, its volume of 9.44 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 3.94%.

During the past 100 days, Actelis Networks Inc’s (ASNS) raw stochastic average was set at 0.84%, which indicates a significant decrease from 2.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.3261 in the past 14 days, which was lower than the 0.6239 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.8666, while its 200-day Moving Average is $5.6362. Nevertheless, the first resistance level for the watch stands at $0.6252 in the near term. At $0.6802, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7418. If the price goes on to break the first support level at $0.5086, it is likely to go to the next support level at $0.4470. Now, if the price goes above the second support level, the third support stands at $0.3920.

Actelis Networks Inc (NASDAQ: ASNS) Key Stats

Market capitalization of the company is 1.00 million based on 1,748K outstanding shares. Right now, sales total 7,760 K and income totals -4,370 K. The company made 640 K in profit during its latest quarter, and -1,980 K in sales during its previous quarter.

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