As of Friday close, Aspen Aerogels Inc.’s (NYSE:ASPN) stock was down -$0.17, moving down -2.88 percent to $5.74. The average number of shares traded per day over the past five days has been 732,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.61 fall in that time frame. In the last twenty days, the average volume was 790,050, while in the previous 50 days, it was 765,272.
Since last month, ASPN stock retreated -30.59%. Shares of the company fell to $5.73 on 08/18/23, the lowest level in the past month. A 52-week high of $14.44 was reached on 02/16/23 after having rallying from a 52-week low of $5.41. Since the beginning of this year, ASPN’s stock price has dropped by -51.31% or -$6.05, and marked a new high 2 times. However, the stock has declined by -60.25% since its 52-week high.
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ASPN stock investors should be aware that Aspen Aerogels Inc. (ASPN) stock had its last reported insider trading activity 11 days ago on Aug 08. Young Donald R, the President and CEO of the company, purchased of 25,000 shares for $6.83 on Aug 08. It resulted in a $170,698 investment by the insider. SWEETNAM JAMES E added 2,700 shares at an average price of $11.30 on Dec 06. The insider now owns 6,195 shares following the transaction. On Nov 30, 10% Owner Wood River Capital, LLC bought 10,526,316 shares at $9.50 apiece. The transaction was valued at $100,000,002.
Valuation Metrics
The stock’s beta is 2.20. Besides these, the trailing price-to-sales (P/S) ratio of 2.31, the price-to-book (PB) ratio of 0.92.
Financial Health
In the three months ended June 29, Aspen Aerogels Inc.’s quick ratio stood at 3.90, while its current ratio was 4.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.25, and the total debt-to-equity ratio was 0.25. On the profitability front, the trailing twelve-month gross margin is 6.30% percent. In the year ended June 29, EBITDA margin amounted to -37.36%, whereas operating margins totaled -42.30%. Based on annual data, ASPN earned $4.98 million in gross profit and brought in $180.36 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -14.40%. Return on equity (ROE) for the past 12 months was -27.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ASPN’s revenue rose 3.73% to $45.59 million during the quarter, while net income inched up to $47.41 million. While analysts expected Aspen Aerogels Inc. to report -$0.36 quarterly earnings, the actual figure was -$0.22 per share, beating the consensus estimate by 38.90%. During the quarter, the company generated -$13.33 million in EBITDA. The liabilities of Aspen Aerogels Inc. were 197.1 million at the end of its most recent quarter ended June 29, and its total debt was $133.73 million. The value of shareholders’ equity is $70.21 million.
Technical Picture
This quick technical analysis looks at Aspen Aerogels Inc.’s (ASPN) price momentum. With a historical volatility rate of 75.24%, the RSI 9-day stood at 24.37% on 18 August.
With respect to its five-day moving average, the current Aspen Aerogels Inc. price is down by -9.61% percent or -$0.61. At present, ASPN shares trade -27.53% below its 20-day simple moving average and -20.39% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.77% below its SMA50 and -54.73% below its SMA200.
Stochastic coefficient K was 1.99% and Stochastic coefficient D was 6.56%, while ATR was 0.48. Given the Stochastic reading of 0.39% for the 14-day period, the RSI (14) reading has been calculated as 30.08%. As of today, the MACD Oscillator reading stands at -0.49, while the 14-day reading stands at -0.92.
Analyst Ratings
The Benchmark Company upgraded its rating on Aspen Aerogels Inc. (NYSE: ASPN) to a Buy in a note to investors on March 20, 2023. The analysts firm previously had a Hold rating on the stock.Aspen Aerogels Inc. (ASPN) has been rated Buy by analysts. According to 0 brokerage firms, ASPN is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Aspen Aerogels Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $23.00, the current consensus forecast for the stock is $14.00 – $30.00. Based on these forecasts, analysts predict Aspen Aerogels Inc. (ASPN) will achieve an average price target of $21.00.
