ASP Isotopes Inc (NASDAQ:ASPI) price on Friday, November 15, fall -2.81% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.27.
A look at the stock’s price movement, the close in the last trading session was $7.48, moving within a range at $6.65 and $7.57. The beta value (5-Year monthly) was 3.917. Turning to its 52-week performance, $9.33 and $1.52 were the 52-week high and 52-week low respectively. Overall, ASPI moved 79.95% over the past month.
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ASP Isotopes Inc’s market cap currently stands at around $517.36 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 1.1M for the company’s revenue for the quarter, with a low and high estimate of 1.1M and 1.1M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.11M, representing a 849.74% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ASPI is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend ASPI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ASPI’s current price about 7.90% and 63.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.96, while 7-day volatility ratio is 16.22% and 16.95% in the 30-day chart. Further, ASP Isotopes Inc (ASPI) has a beta value of 3.77, and an average true range (ATR) of 0.99. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $4.5 and high of $5.5. Looking at the price targets, the low is 38.1% off current price level while to achieve the yearly target high, price needs to move 24.35%. Nonetheless, investors will most likely welcome a 31.22% jump to $5 which is the analysts’ median price.
If we refocus on ASP Isotopes Inc (NASDAQ:ASPI), historical trading data shows that trading volumes averaged 7.3 over the past 10 days and 3.18 million over the past 3 months. The company’s latest data on shares outstanding shows there are 48.92 million shares.
The 35.85% of ASP Isotopes Inc’s shares are in the hands of company insiders while institutional holders own 31.88% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.8 million on 2024-10-31, giving us a short ratio of 2.42. The data shows that as of 2024-10-31 short interest in ASP Isotopes Inc (ASPI) stood at 1952.0001 of shares outstanding, with shares short rising to 9.57 million registered in 2024-09-30. Current price change has pushed the stock 306.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ASPI stock continues to rise going into the next quarter.
