5 Stocks Insiders Love Right Now
American Spectrum Realty has a market cap of $16.3 million and an enterprise value of $400 million. This stock trades at a cheap valuation, with a trailing price-to-earnings of 3.65. This is far from a cash-rich company, since the total cash position on its balance sheet is $473,000 and its total debt is $384.02 million.
The CEO and president just bought 214,340 shares, or $919,500 worth of stock, at $4.29 per share.
From a technical perspective, AQQ is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending since the start of the year, with shares dropping from $7.60 to a recent low of $3.71 a share. After tagging that low, the stock has started to rebound, and it's even broken out above some near-term overhead resistance at $4.65.
If you're a bull on AQQ, then I would look for long-biased trades once it breaks back above its 50-day moving average of $5.38 a share with high-volume. Look for volume on that move that registers near or well above its three-month average action of 3,311 shares. If we get that action soon, AQQ could trade into the mid-$6s which is a big area of overhead resistance from earlier this year.