At the time of writing, Aspen Technology Inc [AZPN] stock is trading at $234.14, up 2.03%. An important factor to consider is whether the stock is rising or falling in short-term value. The AZPN shares have gain 8.28% over the last week, with a monthly amount glided 28.64%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Aspen Technology Inc [NASDAQ: AZPN] stock has seen the most recent analyst activity on May 17, 2024, when Berenberg upgraded its rating to a Buy and also boosted its price target to $255 from $185. Previously, Loop Capital upgraded its rating to Buy on December 01, 2023, and elevated its price target to $213. On November 14, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $202 on the stock. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Loop Capital downgraded its rating to a Hold and reduced its price target to $170 on July 21, 2023. William Blair downgraded its rating to Mkt Perform for this stock on April 27, 2023. In a note dated January 11, 2023, Berenberg initiated an Hold rating and provided a target price of $210 on this stock.
For the past year, the stock price of Aspen Technology Inc fluctuated between $162.26 and $230.18. Currently, Wall Street analysts expect the stock to reach $220 within the next 12 months. Aspen Technology Inc [NASDAQ: AZPN] shares were valued at $234.14 at the most recent close of the market. An investor can expect a potential drop of -6.04% based on the average AZPN price forecast.
Analyzing the AZPN fundamentals
According to Aspen Technology Inc [NASDAQ:AZPN], the company’s sales were 1.13B for trailing twelve months, which represents an 6.94% jump. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 229.80 points at the first support level, and at 225.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 236.79, and for the 2nd resistance point, it is at 239.44.
Ratios To Look Out For
It is important to note that Aspen Technology Inc [NASDAQ:AZPN] has a current ratio of 2.60. On the other hand, the Quick Ratio is 2.60, and the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 13.13, the price to book ratio is 1.16.
Transactions by insiders
Recent insider trading involved Whelan, Jr. Robert M., Director, that happened on Aug 28 ’24 when 1000.0 shares were sold. Director, Whelan, Jr. Robert M. completed a deal on Aug 28 ’24 to buy 1000.0 shares. Meanwhile, Former Officer Mouritsen Mark Edgar bought 2890.0 shares on Aug 21 ’24.
