The trading price of Aspen Aerogels Inc (NYSE:ASPN) closed lower on Monday, March 03, and closing at $7.17, -5.78% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 46.11. In examining the 52-week price action we see that the stock hit a 52-week high of $33.15 and a 52-week low of $7.37. Over the past month, the stock has lost -38.98% in value.
Aspen Aerogels Inc, whose market valuation is $588.36 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest ASPN has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ASPN a recommendation rating is 10. Out of them, 1 rate it a Hold, while 9 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Aspen Aerogels Inc (ASPN) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.57, which symbolizes a positive outlook. A quick review shows that ASPN’s price is currently -24.15% off the SMA20 and -35.53% off the SMA50. The RSI metric on the 14-day chart is currently showing 22.12, and weekly volatility stands at 6.14%. When measured over the past 30 days, the indicator reaches 6.84%. Aspen Aerogels Inc (NYSE:ASPN)’s beta value is currently sitting at 2.28, while the Average True Range indicator is currently displaying 0.68. With analysts defining $33-$33 as the low and high price targets, we arrive at a consensus price target of $33 for the trailing 12-month period. The current price is about -360.25% off the estimated low and -360.25% off the forecast high, based on this estimate. Investors will be thrilled if ASPN’s share price rises to $33, which is the median consensus price. At that level, ASPN’s share price would be -360.25% below current price.
To see how Aspen Aerogels Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ASPN stock’s performance was -5.78% in the latest trading, and -58.12% in the past year, while Owens Corning (OC) has traded -3.60%% on the day and positioned -2.82% lower than it was a year ago. Another comparable company UFP Technologies Inc. (UFPT) saw its stock close -5.43%% lower in the most recent trading session but was down -0.27% in a year. Aspen Aerogels Inc has a P/E ratio of 46.11, compared to Owens Corning’s 20.42 and UFP Technologies Inc.’s 28.34.
An evaluation of the daily trading volume of Aspen Aerogels Inc (NYSE:ASPN) indicates that the 3-month average is 1.95 million.
Currently, records show that 82.04 million of the company’s shares remain outstanding. The insiders hold 1.48% of outstanding shares, whereas institutions hold 89.60%. However, since the stock’s price has seen -39.65% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
