A share price of Aspen Aerogels Inc. [ASPN] is currently trading at $16.03, up 5.88%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ASPN shares have gain 5.05% over the last week, with a monthly amount drifted -4.30%, and not seem to be holding up well over a long-time horizon.
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On 4, March 2024, Aspen Aerogels to Present at the 36th Annual ROTH Conference. In a post published today on Yahoo Finance, Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the “Company”), a technology leader in sustainability and electrification solutions, today announced that the Company is scheduled to present at the 36th Annual ROTH Conference on Monday, March 18, 2024, to be held at The Ritz-Carlton, Laguna Niguel, CA. The presentation materials utilized during the conference will be available on the Investor Relations section of Aspen’s website at www.aerogel.com.
From an analyst’s perspective:
Aspen Aerogels Inc. [NYSE: ASPN] stock has seen the most recent analyst activity on March 06, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $22. Previously, The Benchmark Company upgraded its rating to Buy on March 20, 2023, and kept the price target unchanged to $14. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $70 on December 10, 2021. Cowen initiated its recommendation with a Outperform and recommended $8 as its price target on October 14, 2021. Piper Sandler started tracking with a Overweight rating for this stock on September 10, 2021, and assigned it a price target of $58. In a note dated August 17, 2021, Oppenheimer initiated an Outperform rating and provided a target price of $51 on this stock.
Aspen Aerogels Inc. experienced fluctuations in its stock price throughout the past year between $5.32 and $19.10. Currently, Wall Street analysts expect the stock to reach $27.33 within the next 12 months. Aspen Aerogels Inc. [NYSE: ASPN] shares were valued at $16.03 at the most recent close of the market. An investor can expect a potential return of 70.49% based on the average ASPN price forecast.
Analyzing the ASPN fundamentals
Trailing Twelve Months sales for Aspen Aerogels Inc. [NYSE:ASPN] were 238.72M which represents 41.28% growth. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at -0.21%, Pretax Profit Margin comes in at -0.19%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.1 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.42 points at the first support level, and at 14.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.42, and for the 2nd resistance point, it is at 16.81.
Aspen Aerogels Inc. [ASPN] reported earnings per share of -$0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.12/share, meaning a difference of $0.11 and a surprise factor of 91.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.19 per share as compared to estimates of -$0.27 per share, a difference of $0.08 representing a surprise of 29.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Aspen Aerogels Inc. [NYSE:ASPN] is 3.41. As well, the Quick Ratio is 2.91, while the Cash Ratio is 1.79. Considering the valuation of this stock, the price to sales ratio is 5.15, the price to book ratio is 2.51.
Transactions by insiders
Recent insider trading involved Landes Gregg, SVP, Operations and Strat Deve, that happened on Nov 20 ’23 when 155.0 shares were sold. Director, Mitchell Steven R completed a deal on Sep 07 ’23 to buy 7541.0 shares. Meanwhile, Director Mitchell Steven R bought 50000.0 shares on Sep 05 ’23.
