$ASTA Launching Disruptive Technology
After holding a shareholders meeting last week, Astra Veda Corporation (OTC: ASTA) has been gaining substantial interest with ASTA stock up 51% since then. During this meeting, ASTA shared that it was granted a new patent that might be related to a new anti-ballistic product. Considering the rise of mass shootings and crime rates, ASTA may be well-positioned to capitalize on this unfortunate situation and increase its revenues substantially.
ASTA Fundamentals
In its latest shareholders meeting on May 25, ASTA unveiled that it received a new patent. This new patent is related to Ballistic Barrier Production’s new anti-ballistic barrier with an extendable retention system. As a lightweight and easy to install product, it could witness high demand given that it could be installed in several ways suiting different interior settings and situations.
The main driver for this demand would be the extreme rise in crime rates and mass shootings in the US. During 2023, there have been more than 300 shootings, and as a result, individuals may look to further secure themselves and their families. Thanks to the waning sense of security, ASTA may be poised for record revenues this year since it also offers ballistic-resistant window shades and door shades. Based on this portfolio of products, ASTA may be set to realize substantial revenues in 2023 which could send ASTA stock soaring from current levels.
ASTA Financials
According to its 2022 annual report, ASTA’s assets decreased YoY from $703.8 thousand to $398.8 thousand. Meanwhile, its cash balance sharply sank from $634.2 thousand to $66.3 thousand. On the other hand, liabilities ballooned from $819.6 thousand to $1 million.
In terms of revenues, ASTA witnessed a YoY decline from $911.2 thousand to $685 thousand. To make things worse, its expenses rose substantially from $850.4 thousand to $1.2 million. As a result of these drastic changes, ASTA’s net income of $111 thousand in 2021 turned into a net loss of $508.6 thousand.
Technical Analysis
ASTA stock is in a neutral trend with the stock trading in a sideways channel between $.0023 and $.0032. Looking at the indicators, the stock is trading above the 200 and 21 MAs, however, it is currently testing the 50 MA as resistance. Meanwhile, the RSI is neutral at 58 and the MACD is approaching a bearish crossover.
As for the fundamentals, ASTA witnessed a catalyst recently in its shareholders’ meeting where the company shared that it was awarded a new patent. Considering the growing crime rates and mass shootings, ASTA’s portfolio of anti-ballistic products may allow it to achieve substantial revenues due to the potential demand for its product. With the stock testing the 50 MA resistance, bullish investors could wait for a retest of the support before adding to their positions in ASTA stock.
ASTA Forecast
Despite suffering a financial hit in 2022, ASTA is poised to regain some substantial revenues through its subsidiary Ballistic Barrier Production. ASTA stock is up 51% since its shareholder meeting which could be due to the new patent. As is, the US’s recent spat of mass shootings is likely to spur purchases which might translate to additional revenue for ASTA.
ASTA Fundamentals
In its latest shareholders meeting on May 25, ASTA unveiled that it received a new patent. This new patent is related to Ballistic Barrier Production’s new anti-ballistic barrier with an extendable retention system. As a lightweight and easy to install product, it could witness high demand given that it could be installed in several ways suiting different interior settings and situations.
The main driver for this demand would be the extreme rise in crime rates and mass shootings in the US. During 2023, there have been more than 300 shootings, and as a result, individuals may look to further secure themselves and their families. Thanks to the waning sense of security, ASTA may be poised for record revenues this year since it also offers ballistic-resistant window shades and door shades. Based on this portfolio of products, ASTA may be set to realize substantial revenues in 2023 which could send ASTA stock soaring from current levels.
ASTA Financials
According to its 2022 annual report, ASTA’s assets decreased YoY from $703.8 thousand to $398.8 thousand. Meanwhile, its cash balance sharply sank from $634.2 thousand to $66.3 thousand. On the other hand, liabilities ballooned from $819.6 thousand to $1 million.
In terms of revenues, ASTA witnessed a YoY decline from $911.2 thousand to $685 thousand. To make things worse, its expenses rose substantially from $850.4 thousand to $1.2 million. As a result of these drastic changes, ASTA’s net income of $111 thousand in 2021 turned into a net loss of $508.6 thousand.
Technical Analysis
ASTA stock is in a neutral trend with the stock trading in a sideways channel between $.0023 and $.0032. Looking at the indicators, the stock is trading above the 200 and 21 MAs, however, it is currently testing the 50 MA as resistance. Meanwhile, the RSI is neutral at 58 and the MACD is approaching a bearish crossover.
As for the fundamentals, ASTA witnessed a catalyst recently in its shareholders’ meeting where the company shared that it was awarded a new patent. Considering the growing crime rates and mass shootings, ASTA’s portfolio of anti-ballistic products may allow it to achieve substantial revenues due to the potential demand for its product. With the stock testing the 50 MA resistance, bullish investors could wait for a retest of the support before adding to their positions in ASTA stock.
ASTA Forecast
Despite suffering a financial hit in 2022, ASTA is poised to regain some substantial revenues through its subsidiary Ballistic Barrier Production. ASTA stock is up 51% since its shareholder meeting which could be due to the new patent. As is, the US’s recent spat of mass shootings is likely to spur purchases which might translate to additional revenue for ASTA.
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