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Analysts Offer Valuable Insight On Aspen Group Inc. (ASPU)

Aspen Group Inc. (NASDAQ:ASPU) price on Friday, March 17, fall -19.92% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.10.

A look at the stock’s price movement, the close in the last trading session was $0.12, moving within a range at $0.1001 and $0.12. The beta value (5-Year monthly) was 1.35. Turning to its 52-week performance, $1.91 and $0.11 were the 52-week high and 52-week low respectively. Overall, ASPU moved -52.96% over the past month.

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Aspen Group Inc.’s market cap currently stands at around $2.68 million, with investors looking forward to this quarter’s earnings report slated for Mar 13, 2023 – Mar 17, 2023. Analysts project the company’s earnings per share (EPS) to be -$0.07, which has seen fiscal year 2023 EPS growth forecast to increase to -$0.31 and about -$0.24 for fiscal year 2024. Per the data, EPS growth is expected to be -10.70% for 2023 and 22.60% for the next financial year.

Analysts have a consensus estimate of $14.5 million for the company’s revenue for the quarter, with a low and high estimate of $14.4 million and $14.6 million respectively. The average forecast suggests down to a -23.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $64.83 million, representing a -15.50% decline on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that ASPU is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

ASPU’s current price about -45.72% and -59.78% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 23.69, while 7-day volatility ratio is 44.08% and 20.08% in the 30-day chart. Further, Aspen Group Inc. (ASPU) has a beta value of 1.40, and an average true range (ATR) of 0.04.

In the market, a comparison of Aspen Group Inc. (ASPU) and its peers suggest the former has performed considerably weaker. Data shows ASPU’s intraday price has changed -19.92% in last session and -91.30% over the past year. Looking at another peer, we see that Chegg Inc. (CHGG) price has dipped -0.97% on the day. However, the stock is -48.84% off its price a year ago. Moreover, Universal Technical Institute Inc. (UTI) is also down -7.21% in trading on the day while keeping a a downtrend of -22.55% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.

If we refocus on Aspen Group Inc. (NASDAQ:ASPU), historical trading data shows that trading volumes averaged 1.76 million over the past 10 days and 491.75K over the past 3 months. The company’s latest data on shares outstanding shows there are 25.28 million shares.

The 0.10% of Aspen Group Inc.’s shares are in the hands of company insiders while institutional holders own 37.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 87830.0 on Jan 30, 2023, giving us a short ratio of 0.86. The data shows that as of Jan 30, 2023 short interest in Aspen Group Inc. (ASPU) stood at 0.35% of shares outstanding, with shares short falling to 0.14 million registered in Dec 29, 2022. Current price change has pushed the stock -67.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ASPU stock continues to rise going into the next quarter.

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