In recent trading session today, 0.92 million shares of the Aspen Aerogels Inc. (NYSE:ASPN) have been traded, and its beta is 2.18. Most recently the company’s share price was $23.13, and it changed around -$1.78 or -7.15% from the last close, which brings the market valuation of the company to $1.78B. ASPN at last check was trading at a discount to its 52-week high of $33.15, offering almost -43.32% off that amount. The share price’s 52-week low was $6.62, which indicates that the recent value has risen by an impressive 71.38% since then. We note from Aspen Aerogels Inc.’s average daily trading volume that its 10-day average is 1.88 million shares, with the 3-month average coming to 1.70 million.
Aspen Aerogels Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.09. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended ASPN as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Aspen Aerogels Inc. is expected to report earnings per share of 0.02 for the current quarter.
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Aspen Aerogels Inc. (NYSE:ASPN) trade information
Instantly ASPN has been showing red trend so far today with a performance of -7.15% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 26.60 on recent trading dayincreased the stock’s daily price by 13.05%. The company’s shares are currently up 46.58% year-to-date, but still down -11.24% over the last five days. On the other hand, Aspen Aerogels Inc. (NYSE:ASPN) is 0.48% up in the 30-day period. We can see from the shorts that 5.99 million shares have been sold at a short interest cover period of 3.36 day(s).
The consensus price target as assigned by Wall Street analysts is $32, which translates to bulls needing to increase their stock price by 27.72% from its current value. Analyst projections state that ASPN is forecast to be at a low of $18 and a high of $38.
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 38.17 percent over the past six months and at a 130.30% annual growth rate that is well above the industry average of 4.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 110.50% in revenue this quarter, and will report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be 68.70%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 96.56M in revenue for the current quarter. 11 analysts expect Aspen Aerogels Inc. to make 95.68M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 51.84M and 84.22M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 86.30%. Forecasts for the next quarter put sales growth at 13.60%.
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 on 2024-Oct-30.
Aspen Aerogels Inc. (NYSE:ASPN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.66% of Aspen Aerogels Inc. shares, and 80.44% of them are in the hands of institutional investors. The stock currently has a share float of 97.69%. Aspen Aerogels Inc. stock is held by 300.0 institutions, with KIM, LLC being the largest institutional investor. By 2024-06-30, it held 16.209% of the shares, which is about 12.28 million shares worth $292.89 million.
BLACKROCK INC., with 5.9295% or 4.49 million shares worth $107.14 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
