Astrotech (ASTC) seems to be a safe buy
What’s up with Astrotech?
Astrotech (ASTC) opened at $2.84, which means the stock is down 2.76% from yesterday’s closing price of 2.90. Today, the company has a high of $2.91 and a low of $2.65. The company has a market cap of $21.36 million with a 52-week high of $7.75 and a 52-week low of $0.98.
What about the future for Astrotech?
The high forecast for Astrotech is $20.00 while the low is $4.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Astrotech has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information ASTC seems to be a safe buy.
Astrotech Corp. engages in the provision of science and technology development and commercialization businesses. It operates through the 1st Detect Corporation, and Astral Images Corporation segments. The 1st Detect Corporation segment refers to the development of TRACER for use at airports, secured facilities, and borders worldwide. The Astral Images Corporation segment includes the development of film restoration and enhancement software. The company was founded in 1984 and is headquartered in Austin, TX.