Let’s Talk About How Aspen Aerogels Inc. (NYSE: ASPN) Stock Is Doing.

In the last trading session, 1.27 million shares of the Aspen Aerogels Inc. (NYSE:ASPN) were traded, and its beta was 2.04. Most recently the company’s share price was $17.60, and it changed around $0.25 or 1.44% from the last close, which brings the market valuation of the company to $1.35B. ASPN currently trades at a discount to its 52-week high of $19.10, offering almost -8.52% off that amount. The share price’s 52-week low was $5.32, which indicates that the current value has risen by an impressive 69.77% since then. We note from Aspen Aerogels Inc.’s average daily trading volume that its 10-day average is 0.75 million shares, with the 3-month average coming to 1.07 million.

Aspen Aerogels Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended ASPN as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Aspen Aerogels Inc. is expected to report earnings per share of -$0.11 for the current quarter.

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Aspen Aerogels Inc. (NYSE:ASPN) trade information

Instantly ASPN has showed a green trend with a performance of 1.44% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 11.53% year-to-date, but still up 9.79% over the last five days. On the other hand, Aspen Aerogels Inc. (NYSE:ASPN) is 2.80% up in the 30-day period. We can see from the shorts that 4.78 million shares have been sold at a short interest cover period of 3.89 day(s).

The consensus price target as assigned by Wall Street analysts is $27.33, which translates to bulls needing to increase their stock price by 35.6% from its current value. Analyst projections state that ASPN is forecast to be at a low of $18 and a high of $32.

Aspen Aerogels Inc. (ASPN) estimates and forecasts

Aspen Aerogels Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 107.06 percent over the past six months and at a 63.64% annual growth rate that is well above the industry average of 9.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 54.20% in revenue this quarter, and will report an increase of 68.20% in the next quarter. The year-over-year growth rate is expected to be 51.70%, up from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $75 million in revenue for the current quarter. 9 analysts expect Aspen Aerogels Inc. to make $83.94 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $45.14 million and $48.16 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 66.10%. Forecasts for the next quarter put sales growth at 74.30%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 14.58%.

ASPN Dividends

Aspen Aerogels Inc.’s next quarterly earnings report is expected to be released around May 01 and May 06.

Aspen Aerogels Inc. (NYSE:ASPN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 2.45% of Aspen Aerogels Inc. shares, and 101.34% of them are in the hands of institutional investors. The stock currently has a share float of 103.89%. Aspen Aerogels Inc. stock is held by 246 institutions, with Kim, LLC being the largest institutional investor. By Dec 30, 2023, it held 20.58% of the shares, which is about 15.78 million shares worth $277.74 million.

Blackrock Inc., with 5.29% or 4.05 million shares worth $71.37 million as of Dec 30, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Roxbury/Hood River Small Cap Growth Fund were the top two Mutual Funds as of Dec 30, 2023. The former held 2.09 million shares worth $36.81 million, making up 2.73% of all outstanding shares. On the other hand, Roxbury/Hood River Small Cap Growth Fund held roughly 1.83 million shares worth around $32.23 million, which represents about 2.39% of the total shares outstanding.