Aspen Aerogels Inc. (NYSE:ASPN)’s traded shares stood at 1.03 million during the last session, with the company’s beta value hitting 2.04. At the close of trading, the stock’s price was $17.35, to imply an increase of 7.50% or $1.21 in intraday trading. The ASPN share’s 52-week high remains $19.10, putting it -10.09% down since that peak but still an impressive 69.34% since price per share fell to its 52-week low of $5.32. The company has a valuation of $1.33B, with an average of 0.9 million shares in intraday trading volume over the past 10 days and average of 1.08 million shares over the past 3 months.
Aspen Aerogels Inc. (NYSE:ASPN) trade information
After registering a 7.50% upside in the last session, Aspen Aerogels Inc. (ASPN) has traded red over the past five days. The stock hit a weekly high of 17.36, jumping 7.50% in its intraday price action. The 5-day price performance for the stock is 14.60%, and 2.18% over 30 days. With these gigs, the year-to-date price performance is 9.95%. Short interest in Aspen Aerogels Inc. (NYSE:ASPN) saw shorts transact 4.57 million shares and set a 3.42 days time to cover.
Aspen Aerogels Inc. (ASPN) estimates and forecasts
Looking at statistics comparing Aspen Aerogels Inc. share performance against respective industry, we note that the company has outperformed competitors. Aspen Aerogels Inc. (ASPN) shares are 136.38% up over the last 6 months, with its year-to-date growth rate higher than industry average at 63.64% against 9.80%. Revenue is forecast to grow 54.20% this quarter before jumping 68.20% for the next one. The rating firms project that company’s revenue will grow 51.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is $75 million. Meanwhile, for the quarter ending Jun 2024, a total of 9 analyst(s) estimate revenue growth to $83.94 million.Earnings reports from the last fiscal year show that sales brought in $45.14 million and $48.16 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 66.10% before jumping 74.30% in the following quarter.
ASPN Dividends
Aspen Aerogels Inc. has its next earnings report out between May 01 and May 06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Aspen Aerogels Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Aspen Aerogels Inc. (NYSE:ASPN)’s Major holders
Aspen Aerogels Inc. insiders hold 2.45% of total outstanding shares, with institutional holders owning 101.36% of the shares at 103.91% float percentage. In total, 101.36% institutions holds shares in the company, led by Kim, LLC. As of Jun 29, 2023, the company held over 15.78 million shares (or 22.48% of shares), all amounting to roughly $124.51 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 3.85 million shares, or about 5.49% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $30.4 million.
We also have Vanguard Total Stock Market Index Fund and Needham Small Cap Growth Fund as the top two Mutual Funds with the largest holdings of the Aspen Aerogels Inc. (ASPN) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 2.05 million shares. This is just over 2.92% of the total shares, with a market valuation of $16.16 million. Data from the same date shows that the other fund manager holds a little less at 1.32 million, or 1.89% of the shares, all valued at about 10.45 million.
