With 60.19% Distance From Low, Could ASP Isotopes Inc (NASDAQ:ASPI) Post Further Gains?

In last trading session, ASP Isotopes Inc (NASDAQ:ASPI) saw 0.52 million shares changing hands with its beta currently measuring 5.24. Company’s recent per share price level of $2.11 trading at -$0.1 or -4.52% at ring of the bell on the day assigns it a market valuation of $139.11M. That closing price of ASPI’s stock is at a discount of -168.72% from its 52-week high price of $5.67 and is indicating a premium of 60.19% from its 52-week low price of $0.84. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.7 million shares which gives us an average trading volume of 1.14 million if we extend that period to 3-months.

For ASP Isotopes Inc (ASPI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.

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ASP Isotopes Inc (NASDAQ:ASPI) trade information

Upright in the red during last session for losing -4.52%, in the last five days ASPI remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $2.11 price level, adding 8.26% to its value on the day. ASP Isotopes Inc’s shares saw a change of 17.88% in year-to-date performance and have moved 3.43% in past 5-day. ASP Isotopes Inc (NASDAQ:ASPI) showed a performance of -30.25% in past 30-days. Number of shares sold short was 6.73 million shares which calculate 5.29 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 5.5 to the stock, which implies a rise of 61.64% to its current value. Analysts have been projecting 5.5 as a low price target for the stock while placing it at a high target of 5.5. It follows that stock’s current price would drop -160.66% in reaching the projected high whereas dropping to the targeted low would mean a loss of -160.66% for stock’s current value.

ASP Isotopes Inc (ASPI) estimates and forecasts

Statistics highlight that ASP Isotopes Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -26.48% of value to its shares in past 6 months, showing an annual growth rate of 51.02% while that of industry is 1.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

ASP Isotopes Inc (NASDAQ:ASPI)’s Major holders

Insiders are in possession of 36.81% of company’s total shares while institution are holding 13.20 percent of that, with stock having share float percentage of 20.89%. Investors also watch the number of corporate investors in a company very closely, which is 13.20% institutions for ASP Isotopes Inc that are currently holding shares of the company.

On the other hand, iShares Russell 2000 ETF and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 959.86 shares of worth $2.03 million or 1.46% of the total outstanding shares. The later fund manager was in possession of 492.57 shares on Mar 31, 2024 , making its stake of worth around $1.04 million in the company or a holder of 0.75% of company’s stock.