Aspen Aerogels Inc. (ASPN) stock expected to rise by 8.28%: What’s driving the optimism?

A share price of Aspen Aerogels Inc. [ASPN] is currently trading at $28.76, up 15.59%. 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 18.79% over the last week, with a monthly amount drifted -6.32%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Aspen Aerogels Inc. [NYSE: ASPN] stock has seen the most recent analyst activity on August 06, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $27. Previously, ROTH MKM started tracking the stock with Buy rating on March 06, 2024, and set its price target to $22. On March 20, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $14 on the stock. The Benchmark Company initiated its recommendation with a Buy and recommended $70 as its price target on December 10, 2021. Cowen started tracking with a Outperform rating for this stock on October 14, 2021, and assigned it a price target of $8. In a note dated September 10, 2021, Piper Sandler initiated an Overweight rating and provided a target price of $58 on this stock.

Aspen Aerogels Inc. experienced fluctuations in its stock price throughout the past year between $5.94 and $33.15. Currently, Wall Street analysts expect the stock to reach $31.14 within the next 12 months. Aspen Aerogels Inc. [NYSE: ASPN] shares were valued at $28.76 at the most recent close of the market. An investor can expect a potential return of 8.28% based on the average ASPN price forecast.

Analyzing the ASPN fundamentals

Trailing Twelve Months sales for Aspen Aerogels Inc. [NYSE:ASPN] were 357.25M which represents 144.55% growth. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.02. 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 26.46 points at the first support level, and at 24.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.94, and for the 2nd resistance point, it is at 31.11.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Aspen Aerogels Inc. [NYSE:ASPN] is 3.46. As well, the Quick Ratio is 2.82, while the Cash Ratio is 1.1. Considering the valuation of this stock, the price to sales ratio is 6.21, the price to book ratio is 4.28.

Transactions by insiders

Recent insider trading involved RODRIGUEZ RICARDO C., CFO & Treasurer, that happened on Aug 26 ’24 when 32465.0 shares were sold. Officer, RICARDO RODRIGUEZ completed a deal on Aug 26 ’24 to buy 32465.0 shares. Meanwhile, President and CEO Young Donald R sold 0.26 million shares on May 28 ’24.

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