Aspen Aerogels Inc. (NYSE: ASPN) stock jumped 1.58% on Friday to $6.44 against a previous-day closing price of $6.34. With 1.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 million shares. During the session, the Building Products & Equipment company that operates in wider Industrials sector, reached to the highest price of $6.47 whereas the lowest price it dropped to was $6.24. The 52-week range on ASPN shows that it touched its highest point at $14.44 and its lowest point at $5.32 during that stretch. It currently has a 1-year price target of $21.00. Beta for the stock currently stands at 2.17.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASPN was up-trending over the past week, with a rise of 1.74%, but this was up by 6.45% over a month. Three-month performance dropped to -22.13% while six-month performance fell -17.65%. The stock lost -52.12% in the past year, while it has lost -45.38% so far this year. A look at the trailing 12-month EPS for ASPN yields -1.41 with Next year EPS estimates of -0.39. For the next quarter, that number is -0.30. This implies an EPS growth rate of -72.40% for this year and 62.90% for next year.
Float and Shares Shorts:
At present, 69.25 million ASPN shares are outstanding with a float of 67.91 million shares on hand for trading. On Aug 30, 2023, short shares totaled 5.58 million, which was 7.94% higher than short shares on Jul 30, 2023. In addition to Mr. Donald R. Young as the firm’s Pres, CEO & Director, Mr. Ricardo C. Rodriguez serves as its CFO & Treasurer.
Institutional Ownership:
Through their ownership of 96.59% of ASPN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 69.60% of ASPN, in contrast to 46.08% held by mutual funds. Shares owned by individuals account for 25.47%. As the largest shareholder in ASPN with 22.48% of the stake, Koch Industries, Inc. holds 15,780,426 shares worth 15,780,426. A second-largest stockholder of ASPN, BlackRock Fund Advisors, holds 3,451,269 shares, controlling over 4.92% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in ASPN, holding 3,335,254 shares or 4.75% stake. With a 2.92% stake in ASPN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,047,939 shares are owned by the mutual fund manager. The Needham Small Cap Growth Fund, which owns about 1.89% of ASPN stock, is the second-largest Mutual Fund holder. It holds 1,325,000 shares valued at 8.07 million. iShares Russell 2000 ETF holds 1.64% of the stake in ASPN, owning 1,154,246 shares worth 7.03 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, ASPN reported revenue of $45.64M and operating income of -$22.65M. The EBITDA in the recently reported quarter was -$22.50M and diluted EPS was -$0.68.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASPN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ASPN analysts setting a high price target of $30.00 and a low target of $14.00, the average target price over the next 12 months is $21.88. Based on these targets, ASPN could surge 365.84% to reach the target high and rise by 117.39% to reach the target low. Reaching the average price target will result in a growth of 239.75% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded ASPN stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 29,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 214,814 while 11,642 shares were sold.
