ASP Isotopes Inc (NASDAQ:ASPI) price closed lower on Tuesday, November 12, and dropping -3.63% below its previous close.
A look at the daily price movement shows that the last close reads $8.27, with intraday deals fluctuated between $7.61 and $9.12. The company’s 5Y monthly beta was ticking 3.917. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.33 and 52-week low of $1.45. The stock added 163.04% on its value in the past month.
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ASP Isotopes Inc, which has a market valuation of $567.17 million, is expected to release its quarterly earnings report in December.
On average, analysts have forecast the company’s revenue for the quarter will hit 1.1M, with the likely lows of 1.1M and highs of 1.1M. Staying with the analyst view, there is a consensus estimate of 7.9M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 1,724.50% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give ASPI a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned ASPI a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the ASP Isotopes Inc (ASPI) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ASPI’s price is at present 29.08% off the SMA20 and 93.50% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 68.49, with weekly volatility standing at 16.42%. The indicator jumps to 17.44% when calculated based on the past 30 days. ASP Isotopes Inc (NASDAQ:ASPI)’s beta value is holding at 3.80, while the average true range (ATR) indicator is currently reading 0.96. Considering analysts have assigned the stock a price target range of $4.5-$5.5 as the low and high respectively, we find the trailing 12-month average consensus price target to be $5. Based on this estimate, we see that current price is roughly 43.54% off the estimated low and 30.99% off the forecast high. Investors will no doubt be excited to see the share price rise to $5, which is the median consensus price, and at that level ASPI would be 37.26% from current price.
An analysis of the ASP Isotopes Inc (NASDAQ:ASPI) stock in terms of its daily trading volume indicates that the 3-month average is 2.90 million. However, this figure increases on the past 10-day timeline to an average of 11.84 million.
Current records show that the company has 48.92M in outstanding shares. The insiders’ percentage holdings are 36.78% of outstanding shares while the percentage share held by institutions stands at 16.46%. The stats also highlight that short interest as of 2024-10-15, stood at 9.93 million shares, which puts the short ratio at the time at 10.51. From this we can glean that short interest is 1793.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 8.19 million. But the 345.25% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
