In the latest trading session,, 0.45 million Aspen Aerogels Inc (NYSE:ASPN) shares changed hands as the company’s beta touched 2.62. With the company’s most recent per share price at $4.99 changed hands at -$0.03 or -0.60% at last look, the market valuation stands at $409.71M. ASPN’s current price is a discount, trading about -564.33% off its 52-week high of $33.15. The share price had its 52-week low at $4.90, which suggests the last value was 1.8% up since then. When we look at Aspen Aerogels Inc’s average trading volume, we note the 10-day average is 1.83 million shares, with the 3-month average coming to 1.97 million.
Analysts gave the Aspen Aerogels Inc (ASPN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.33. 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.
Aspen Aerogels Inc (NYSE:ASPN) trade information
Instantly ASPN was in red as seen in intraday trades today. With action -22.27%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -58.00%, with the 5-day performance at -22.27% in the red. However, in the 30-day time frame, Aspen Aerogels Inc (NYSE:ASPN) is -32.84% down. Looking at the short shares, we see there were 8.92 million shares sold at short interest cover period of 4.26 days.
The consensus price target for the stock as assigned by Wall Street analysts is 33, meaning bulls need an upside of 84.88% from its recent market value. According to analyst projections, ASPN’s forecast low is 33 with 33 as the target high. To hit the forecast high, the stock’s price needs a -561.32% plunge from its current level, while the stock would need to soar -561.32% for it to hit the projected low.
Aspen Aerogels Inc (NYSE:ASPN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.33% of Aspen Aerogels Inc shares while 75.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.52%. There are 75.74% institutions holding the Aspen Aerogels Inc stock share, with KIM, LLC the top institutional holder. As of 2024-06-30, the company held 16.0872% of the shares, roughly 12.28 million ASPN shares worth $292.89 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.885% or 4.49 million shares worth $107.14 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 2.57 shares estimated at $12.69 million under it, the former controlled 3.13% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.94% of the shares, roughly 1.59 shares worth around $7.85 million.
