NASDAQ:ACNT Ascent Industries (ACNT) Stock Price, News & Analysis → Elon Musk’s Next Move Will Disrupt AI Forever (From InvestorPlace) (Ad) Free ACNT Stock Alerts $10.32 +0.08 (+0.78%) (As of 05/13/2024 ET) Add Compare Share Share Today's Range$10.29▼$10.4050-Day Range$9.67▼$10.9052-Week Range$7.20▼$11.19Volume13,459 shsAverage Volume6,154 shsMarket Capitalization$104.54 millionP/E RatioN/ADividend YieldN/APrice Target$20.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Ascent Industries alerts: Email Address Ascent Industries MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside93.8% Upside$20.00 Price TargetShort InterestHealthy0.10% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.52Based on 14 Articles This WeekInsider TradingAcquiring Shares$79,460 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.14) to $0.83 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.07 out of 5 starsIndustrial Products Sector310th out of 504 stocksSteel Pipe & Tubes Industry4th out of 9 stocks 3.5 Analyst's Opinion Consensus RatingAscent Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageAscent Industries has received no research coverage in the past 90 days.Read more about Ascent Industries' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.10% of the float of Ascent Industries has been sold short.Short Interest Ratio / Days to CoverAscent Industries has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ascent Industries has recently increased by 31.88%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldAscent Industries does not currently pay a dividend.Dividend GrowthAscent Industries does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ACNT. Previous Next 2.5 News and Social Media Coverage News SentimentAscent Industries has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Ascent Industries this week, compared to 1 article on an average week.MarketBeat Follows2 people have added Ascent Industries to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ascent Industries insiders have bought more of their company's stock than they have sold. Specifically, they have bought $79,460.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders12.85% of the stock of Ascent Industries is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 26.05% of the stock of Ascent Industries is held by institutions.Read more about Ascent Industries' insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Ascent Industries are expected to grow in the coming year, from ($0.14) to $0.83 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ascent Industries is -3.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Ascent Industries is -3.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioAscent Industries has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Ascent Industries' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceElon Musk’s Next Move Will Disrupt AI ForeverA revolutionary venture that is set to get rolled out by May 16. One well-connected Silicon Valley VC has uncovered a way for anybody to claim a stake in "Elon Musk's AI 2.0" with as little as $100.Get all the information here. About Ascent Industries Stock (NASDAQ:ACNT)Ascent Industries Co. an industrials company, produces and distributes stainless steel pipe and tube and specialty chemicals in the United States and internationally. The company operates through two segments, Tubular Products and Specialty Chemicals. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and ornamental stainless steel tubes for automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries. The company also produces defoamers, surfactants, and lubricating agents for end users, including companies that supply agrochemical paper, metal working, coatings, water treatment, paint, mining, oil and gas, and janitorial and other applications. In addition, it provides contract manufacturing services, as well as operates as a multi-purpose plant to process various difficult to handle materials, including flammable solvents, viscous liquids, and granular solids. The company was formerly known as Synalloy Corporation and changed its name to Ascent Industries Co. in August 2022. Ascent Industries Co. was founded in 1945 and is based in Oak Brook, Illinois.Read More ACNT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ACNT Stock News HeadlinesMay 14 at 5:22 AM | insidertrades.comAscent Industries Co. (NASDAQ:ACNT) CEO John Bryan Kitchen Buys 7,946 SharesMay 13 at 7:52 PM | finance.yahoo.comAscent Industries Co. (NASDAQ:ACNT) Q1 2024 Earnings Call TranscriptMay 13 at 3:01 AM | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Materials Stocks: Tecnoglass (TGLS) and Ascent Industries (ACNT)May 10, 2024 | finance.yahoo.comAscent Industries Co. Reports Mixed Q1 2024 Results Amid Market ChallengesMay 9, 2024 | finance.yahoo.comQ1 2024 Ascent Industries Co Earnings CallMay 9, 2024 | finance.yahoo.comAscent Industries Co (ACNT) (Q1 2024) Earnings Call Transcript Highlights: Navigating Market ...May 8, 2024 | msn.comACNT Stock Earnings: Ascent Industries Misses EPS, Beats Revenue for Q1 2024May 8, 2024 | finance.yahoo.comAscent Industries Reports First Quarter 2024 ResultsMay 6, 2024 | americanbankingnews.comAscent Industries (ACNT) to Release Quarterly Earnings on WednesdayApril 24, 2024 | businesswire.comAscent Industries Sets First Quarter 2024 Earnings Conference Call for May 8, 2024, at 5:00 p.m. ETApril 17, 2024 | msn.comAscent Industries (ACNT) Price Target Decreased by 15.00% to 17.34April 9, 2024 | markets.businessinsider.comAscent Industries (ACNT) Gets a Buy from Stifel NicolausApril 2, 2024 | finance.yahoo.comAscent Industries Co. (NASDAQ:ACNT) Q4 2023 Earnings Call TranscriptApril 1, 2024 | msn.comProxy Advisors Recommend Sale Of US Steel; Ascent Reports Financial Results; Materion Expects 10% Sales Decline And More: Monday's Top Mining StoriesMarch 30, 2024 | seekingalpha.comAscent Industries Co. (ACNT) Q4 2023 Earnings Call TranscriptMarch 29, 2024 | finance.yahoo.comQ4 2023 Ascent Industries Co Earnings CallMarch 28, 2024 | benzinga.comAscent Industries: Q4 Earnings InsightsMarch 28, 2024 | finance.yahoo.comAscent Industries Co (ACNT) Faces Sharp Decline in 2023 Earnings Amid Industry ChallengesMarch 28, 2024 | businesswire.comAscent Industries Reports Fourth Quarter and Full Year 2023 ResultsMarch 28, 2024 | businesswire.comAscent Industries Reports Fourth Quarter and Full Year 2023 ResultsMarch 27, 2024 | benzinga.comEarnings Outlook For Ascent IndustriesMarch 27, 2024 | finance.yahoo.comAscent Industries Sets Fourth Quarter and Full Year 2023 Earnings Conference Call for March 28, 2024, at 5:00 p.m. ETMarch 13, 2024 | tmcnet.comOrion Reveals Wealthtech Survey Insights at Ascent ConferenceFebruary 27, 2024 | fool.comBest IRA Accounts for March 2024February 17, 2024 | seekingalpha.comAscent Industries: Operations Are Improving AgainSee More Headlines Receive ACNT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ascent Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/28/2024Today5/13/2024Next Earnings (Estimated)8/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorIndustrial Products Industry Steel pipe & tubes Sub-IndustryN/A Current SymbolNASDAQ:ACNT CUSIPN/A CIK95953 Webwww.ascentco.com Phone(804) 822-3260Fax864-596-1501Employees514Year FoundedN/APrice Target and Rating Average Stock Price Target$20.00 High Stock Price Target$20.00 Low Stock Price Target$20.00 Potential Upside/Downside+93.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($2.68) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-26,630,000.00 Net Margins-13.32% Pretax Margin-19.27% Return on Equity-15.96% Return on Assets-8.68% Debt Debt-to-Equity Ratio0.01 Current Ratio3.06 Quick Ratio1.25 Sales & Book Value Annual Sales$193.18 million Price / Sales0.54 Cash FlowN/A Price / Cash FlowN/A Book Value$10.61 per share Price / Book0.97Miscellaneous Outstanding Shares10,130,000Free Float8,828,000Market Cap$104.54 million OptionableOptionable Beta0.69 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.Get This Free Report Key ExecutivesMr. Benjamin L. Rosenzweig (Age 39)Executive Chairman Mr. J. Bryan KitchenPresident, CEO & DirectorMr. Ryan Kavalauskas (Age 40)Chief Financial Officer Mr. Douglas Glenn Tackett Jr. (Age 52)Chief Legal Officer & Corporate Secretary Mr. John W. JohnsonPresident of Ascent TubularMr. Robert A. PeayCorporate SecretaryMore ExecutivesKey CompetitorsOssen InnovationNASDAQ:OSNUniversal Stainless & Alloy ProductsNASDAQ:USAPNorthwest PipeNASDAQ:NWPXUnifiNYSE:UFIDanimer ScientificNYSE:DNMRView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Bought 10,688 shares on 5/10/2024Ownership: 2.537%John Bryan KitchenBought 7,946 shares on 5/10/2024Total: $79,460.00 ($10.00/share)Empowered Funds LLCBought 2,800 shares on 5/7/2024Ownership: 0.372%John Robert Zuppo IIISold 957 sharesTotal: $8,880.96 ($9.28/share)View All Insider TransactionsView All Institutional Transactions ACNT Stock Analysis - Frequently Asked Questions Should I buy or sell Ascent Industries stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ascent Industries in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ACNT shares. View ACNT analyst ratings or view top-rated stocks. What is Ascent Industries' stock price target for 2024? 1 analysts have issued 1 year target prices for Ascent Industries' stock. Their ACNT share price targets range from $20.00 to $20.00. On average, they expect the company's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 93.8% from the stock's current price. View analysts price targets for ACNT or view top-rated stocks among Wall Street analysts. How have ACNT shares performed in 2024? Ascent Industries' stock was trading at $9.56 on January 1st, 2024. Since then, ACNT stock has increased by 7.9% and is now trading at $10.32. View the best growth stocks for 2024 here. When is Ascent Industries' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our ACNT earnings forecast. How were Ascent Industries' earnings last quarter? Ascent Industries Co. (NASDAQ:ACNT) issued its earnings results on Thursday, March, 28th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.65. The company earned $41.22 million during the quarter, compared to analysts' expectations of $63.50 million. Ascent Industries had a negative trailing twelve-month return on equity of 15.96% and a negative net margin of 13.32%. Who are Ascent Industries' major shareholders? Ascent Industries' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (2.54%), Empowered Funds LLC (0.37%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include John Bryan Kitchen and John Robert Zuppo III. View institutional ownership trends. How do I buy shares of Ascent Industries? Shares of ACNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:ACNT) was last updated on 5/14/2024 by MarketBeat.com Staff From Our PartnersGuard Against the Coming Financial UpheavalPorter & CompanyClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsElon’s New Device is About to Shock the WorldInvestorPlaceCharles Payne Demystifies OptionsUnstoppable ProsperityNot Trump. Not Biden. But ___________.The Freeport SocietyForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 Media Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ascent Industries Co. 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