During the last session, Aspen Aerogels Inc (NYSE:ASPN)’s traded shares were 1.7 million, with the beta value of the company hitting 2.13. At the end of the trading day, the stock’s price was $11.66, reflecting an intraday gain of 2.91% or $0.33. The 52-week high for the ASPN share is $33.15, that puts it down -184.31 from that peak though still a striking 7.8% gain since the share price plummeted to a 52-week low of $10.75. The company’s market capitalization is $956.68M, and the average intraday trading volume over the past 10 days was 1.48 million shares, and the average trade volume was 2.15 million shares over the past three months.
Aspen Aerogels Inc (ASPN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.09. ASPN has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.1.
Aspen Aerogels Inc (NYSE:ASPN) trade information
Aspen Aerogels Inc (ASPN) registered a 2.91% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.91% in intraday trading to $11.66, hitting a weekly high. The stock’s 5-day price performance is -8.33%, and it has moved by -2.75% in 30 days. Based on these gigs, the overall price performance for the year is -4.50%. The short interest in Aspen Aerogels Inc (NYSE:ASPN) is 9.82 million shares and it means that shorts have 6.12 day(s) to cover.
The consensus price target of analysts on Wall Street is $30.5, which implies an increase of 61.77% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $27 and $33 respectively. As a result, ASPN is trading at a discount of -183.02% off the target high and -131.56% off the low.
Aspen Aerogels Inc (ASPN) estimates and forecasts
Statistics show that Aspen Aerogels Inc has outperformed its competitors in share price, compared to the industry in which it operates. Aspen Aerogels Inc (ASPN) shares have gone down -52.04% during the last six months, with a year-to-date growth rate more than the industry average at 118.18% against 5.50. In the rating firms’ projections, revenue will increase 88.68% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 120.8M as predicted by 10 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 104.22M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 84.22M and 94.5M respectively. In this case, analysts expect current quarter sales to grow by 43.44% and then jump by 10.28% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.58%. While earnings are projected to return 120.76% in 2025.
ASPN Dividends
Aspen Aerogels Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Aspen Aerogels Inc (NYSE:ASPN)’s Major holders
Aspen Aerogels Inc insiders own 1.62% of total outstanding shares while institutional holders control 89.53%, with the float percentage being 91.00%. KIM, LLC is the largest shareholder of the company, while 316.0 institutions own stock in it. As of 2024-06-30, the company held over 12.28 million shares (or 16.209% of all shares), a total value of $292.89 million in shares.
The next largest institutional holding, with 4.49 million shares, is of BLACKROCK INC.’s that is approximately 5.9295% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $107.14 million.
Also, the Mutual Funds coming in first place with the largest holdings of Aspen Aerogels Inc (ASPN) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.41 shares. This amounts to just over 2.94 percent of the company’s overall shares, with a $28.15 million market value. The same data shows that the other fund manager holds slightly less at 1.5, or about 1.83% of the stock, which is worth about $17.53 million.
