Aspen Technology Inc. (NASDAQ:AZPN) saw an upside of 12.33% to close Monday at $159.00 after adding $17.45 on the day. The 5-day average trading volume is 1,185,600 shares of the company’s common stock. It has gained $159.54 in the past week. An average of 730,500 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 517,786.
AZPN’s 1-month performance is 25.70% or $32.51 on its low of $122.29 reached on 10/01/21. The company’s shares have touched a 52-week low of $108.15 and high of $162.56, with the stock’s rally to the 52-week high happening on 02/16/21. YTD, AZPN has achieved 22.07% or $28.75. However, the current price is down -2.19%% from the 52-week high price.
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On Aug 09, 64 days have gone by since the last insider trading activity for Aspen Technology Inc. (AZPN). Hammond F G (Senior VP & General Counsel) most recently sold 3,288 shares at $150.00 per share on Aug 09. This transaction cost the insider $493,200. Senior VP & General Counsel, Hammond F G, sold 3,188 shares at a price of $145.04 on Jul 22. Then, on Jul 12, Senior VP & General Counsel Hammond F G sold 13,736 shares at a price of $143.74 per share. This transaction amounted to $1,974,347.
The company’s PE ratio for the last five years has touched a high of 45.38 and a low of 18.59. AZPN stock has a beta of 1.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 14.62 while the price-to-book (PB) in the most recent quarter is 13.51, with the price to cash flow ratio at 37.72.
Aspen Technology Inc.’s quick ratio for the period ended June 29 was 5.40, with the current ratio over the same period at 5.40 meaning that AZPN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.34, while the total debt to equity was 0.37. In terms of profitability, the gross margin trailing 12 months is 91.50%. The trailing 12-month EBITDA margin is 53.86% while for the period ending June 29; Aspen Technology Inc.’s operating margin was 50.50%. The firm’s gross profit as reported stood at $649.23 million against revenue of $709.38 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected AZPN to announce $1.47 per share in earnings in its latest quarter, but it posted $1.53, representing a 4.10% surprise. EBITDA for the quarter stood at more than $110.48 million. AZPN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 653.24 million, with total debt at $329.61 million. Shareholders hold equity totaling $67.08 million
Let’s look briefly at Aspen Technology Inc. (AZPN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 89.68% to suggest the stock is trending Overbought, with historical volatility in this time period at 64.85%.
The stock’s 5-day moving average is $138.04, reflecting a +27.38% or $34.18 change from its current price. AZPN is currently trading +25.69% above its 20-day SMA, +14.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +8.71% and +21.30% respectively.
Stochastic %K and %D was 86.68% and 72.70% and the average true range (ATR) pointed at 6.00. The RSI (14) points at 82.97%, while the 14-day stochastic is at 98.55% with the period’s ATR at 4.93. The stock’s 9-day MACD Oscillator is pointing at 14.12 and 16.66 on the 14-day charts.
In the most recent analyst report for Aspen Technology Inc. (NASDAQ: AZPN), The Benchmark Company downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for AZPN stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate AZPN as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 have offered a “buy” rating.
What is AZPN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $144.00 and a high of $171.00, with their median price target at $150.00. Looking at these predictions, the average price target given by analysts is for Aspen Technology Inc. (AZPN) stock is $153.00.