ASP Isotopes Inc (ASPI) Has A Promising Outlook For 2024

ASP Isotopes Inc (NASDAQ:ASPI) has a beta value of 3.38 and has seen 6.22 million shares traded in the last trading session. The company, currently valued at $481.92M, closed the last trade at $5.90 per share which meant it gained $0.9 on the day or 18.00% during that session. The ASPI stock price is -58.14% off its 52-week high price of $9.33 and 72.03% above the 52-week low of $1.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.64 million shares traded. The 3-month trading volume is 4.83 million shares.

The consensus among analysts is that ASP Isotopes Inc (ASPI) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.09.

ASP Isotopes Inc (NASDAQ:ASPI) trade information

Sporting 18.00% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ASPI stock price touched $5.90 or saw a rise of 1.83%. Year-to-date, ASP Isotopes Inc shares have moved 229.61%, while the 5-day performance has seen it change 32.58%. Over the past 30 days, the shares of ASP Isotopes Inc (NASDAQ:ASPI) have changed -21.12%. Short interest in the company has seen 10.8 million shares shorted with days to cover at 2.42.

Wall Street analysts have a consensus price target for the stock at $4.5, which means that the shares’ value could drop -31.11% from current levels. The projected low price target is $4.5 while the price target rests at a high of $4.5. In that case, then, we find that the current price level is 23.73% off the targeted high while a plunge would see the stock lose 23.73% from current levels.

ASP Isotopes Inc (ASPI) estimates and forecasts

Figures show that ASP Isotopes Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 56.50% over the past 6 months, with this year growth rate of 51.02%, compared to 6.40% for the industry. Revenue growth from the last financial year stood is estimated to be 846.82%.

1 analysts offering their estimates for the company have set an average revenue estimate of 1.2M for the current quarter. 1 have an estimated revenue figure of 5.1M for the next ending quarter.

ASPI Dividends

ASP Isotopes Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 34.35% of the company shares, while shares held by institutions stand at 31.64% with a share float percentage of 48.20%. Investors are also buoyed by the number of investors in a company, with ASP Isotopes Inc having a total of 88.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 2.11% shares in the company for having 1.51 shares of worth $8.9 million while later fund manager owns 1.24 shares of worth $7.29 million as of Sep 30, 2024 , which makes it owner of about 1.73% of company’s outstanding stock.