ASNS Stock Summary and Trading Ideas (Actelis Networks | NASDAQ:ASNS)

Actelis Networks Inc is a networking solutions company with a mission to enable communication for Internet of Things, or IoT, projects, deployed over wide areas such as cities, campuses, airports, military bases, roads, and rail. Its networking solutions use a combination of newly deployed fiber infrastructure and existing copper and coaxial lines to create a cost-effective, secure, and quick-to-deploy network. Its solutions also offer end-to-end network security to protect critical IoT data, utilizing a powerful combination of coding and encryption technologies, applied as required on both new and existing infrastructure within the hybrid-fiber-copper network. The Company operates as one operating segment developing and marketing access broadband equipment for copper and fiber networks.

Actelis Networks trades on the NASDAQ stock market under the symbol ASNS.

As of April 19, 2024, ASNS stock price climbed to $0.77 with 13,915 million shares trading.

ASNS has a beta of 1.96, meaning it tends to be more sensitive to market movements. ASNS has a correlation of 0.08 to the broad based SPY ETF.

ASNS has a market cap of $2.32 million. This is considered a Sub-Micro Cap stock.

The top ETF exchange traded funds that ASNS belongs to (by Net Assets): VXF.

ASNS has underperformed the market in the last year with a price return of -78.6% while the SPY ETF gained +21.2%. ASNS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.5% and -24.5%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

ASNS support price is $.63 and resistance is $.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASNS stock will trade within this expected range on the day.