In the last trading session, 1.05 million Aspen Aerogels Inc (NYSE:ASPN) shares changed hands as the company’s beta touched 2.12. With the company’s per share price at $14.80 changed hands at $0.32 or 2.21% during last session, the market valuation stood at $1.24B. ASPN’s last price was a discount, traded about -123.99% off its 52-week high of $33.15. The share price had its 52-week low at $10.31, which suggests the last value was 30.34% up since then. When we look at Aspen Aerogels Inc’s average trading volume, we note the 10-day average is 2.5 million shares, with the 3-month average coming to 2.54 million.
Analysts gave the Aspen Aerogels Inc (ASPN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.09. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ASPN as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight.
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Aspen Aerogels Inc (NYSE:ASPN) trade information
Instantly ASPN was in green as seen at the end of in last trading. With action 5.71%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -6.21%, with the 5-day performance at 5.71% in the green. However, in the 30-day time frame, Aspen Aerogels Inc (NYSE:ASPN) is -18.59% down. Looking at the short shares, we see there were 9.26 million shares sold at short interest cover period of 2.73 days.
The consensus price target for the stock as assigned by Wall Street analysts is 32, meaning bulls need an upside of 53.75% from its current market value. According to analyst projections, ASPN’s forecast low is 18 with 38 as the target high. To hit the forecast high, the stock’s price needs a -156.76% plunge from its current level, while the stock would need to soar -21.62% for it to hit the projected low.
Aspen Aerogels Inc (ASPN) estimates and forecasts
Data shows that the Aspen Aerogels Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -50.53% over the past 6 months, a 115.15% in annual growth rate that is considerably higher than the industry average of 6.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.58%. The 2024 estimates are for Aspen Aerogels Inc earnings to increase by 119.24%.
ASPN Dividends
Aspen Aerogels Inc is expected to release its next quarterly earnings report in January.
Aspen Aerogels Inc (NYSE:ASPN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.62% of Aspen Aerogels Inc shares while 89.86% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.34%. There are 89.86% institutions holding the Aspen Aerogels Inc stock share, with KIM, LLC the top institutional holder. As of 2024-06-30, the company held 16.209% of the shares, roughly 12.28 million ASPN shares worth $292.89 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.9295% or 4.49 million shares worth $107.14 million as of 2024-06-30.
