Galena Biopharma Inc (NASDAQ:GALE)’s stock rated as “outperform”, Ascent Solar Technologies, Inc. (NASDAQ:ASTI)

Posted by Kristi Scott May 29, 2013 0 Comment 9812 views


Hartford, CT 05/29/2013 (GDPInsider) – Galena Biopharma Inc (NASDAQ:GALE) shares closed at $2.51 per share, a fall of 1.95% (-$0.05) from its last closing price of $2.56. The stock had started this trading session at the opening price of $2.48 and has so far today seen a price ranging from a low of $2.42 to a high of $2.52. In its last 52-weeks’ history, the stock’s price has ranged from $1.17 – $3.00. While today 2.04 million shares have been traded so far, in the last 30 days, 2.35 million shares have been traded every day on an average. The company has an earnings-per-share of -$0.63 to show against 83.07 million outstanding shares, pointing towards losses and rough waters. The beta coefficient of 0.81 shows that the stock experiences 19% less volatility than the market and while that may potentially yield smaller returns, it also tells the investor to not worry too much about a steeper fall.

JMP Securities has rated the company’s stock as an “outperform” and have a target price of $5.00.

Is GALE a solid investment at these levels? Get valuable updates and exclusive insights here.

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) shares closed at $0.835 per share, a fall of 5.11% (-$0.045) from its last closing price of $0.88. The stock had started this trading session at the opening price of $0.89 and has so far today seen a price ranging from a low of $0.81 to a high of $1.00. In its last 52-weeks’ history, the stock’s price has ranged from $0.49 – $2.31. While today 1.06 million shares have been traded so far, in the last 30 days, 0.781 million shares have been traded every day on an average. The company has an earnings-per-share of -$0.64 to show against 51.18 million outstanding shares, pointing towards losses and rough waters. The beta coefficient of 2.18 shows that the stock experiences 118% more volatility than the market and while that may potentially yield greater returns, it also tells the investor to be prepared for a steeper fall.

How Should Investors Trade ASTI Now? Get key and important information right here.

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About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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