Within its last year performance, ASPN fell by -78.39%, with highs and lows ranging from $35.54 to $6.37, whereas the simple moving average fell by -34.16% in the last 200 days.
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On March 20, 2023, The Benchmark Company Upgraded Aspen Aerogels Inc. (NYSE: ASPN) to Buy. The Benchmark Company also rated ASPN shares as ‘Buy’, setting a target price of $70 on the company’s shares in an initiating report dated December 10, 2021. Cowen Initiated an Outperform rating on October 14, 2021, and assigned a price target of $8. Piper Sandler initiated its ‘Overweight’ rating for ASPN, as published in its report on September 10, 2021. Oppenheimer’s report from August 17, 2021 suggests a price prediction of $51 for ASPN shares, giving the stock a ‘Outperform’ rating. Seaport Global Securities also rated the stock as ‘Buy’.
Analysis of Aspen Aerogels Inc. (ASPN)
Further, the quarter-over-quarter increase in sales is 89.20%, showing a positive trend in the upcoming months.
One of the most important indicators of Aspen Aerogels Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -33.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ASPN is recording 1.07M average volume. On a monthly basis, the volatility of the stock is set at 8.79%, whereas on a weekly basis, it is put at 6.11%, with a gain of 3.33% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.25, showing growth from the present price of $7.45, which can serve as yet another indication of whether ASPN is worth investing in or should be passed over.
How Do You Analyze Aspen Aerogels Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 57.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
At the end of the first quarter, Encompass Capital Advisors LLC increased its ASPN holdings by 22.96% and now holds 2.97 million ASPN shares valued at $32.28 million with the added 0.56 million shares during the period. ASPN shares are owned by institutional investors to the tune of 57.40% at present.
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