Market Momentum: Aspen Aerogels Inc. (ASPN) Registers a -8.10 Decrease, Closing at 27.47

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Aspen Aerogels Inc. (NYSE: ASPN) closed the day trading at $27.47 down -8.10% from the previous closing price of $29.89. In other words, the price has decreased by -$8.10 from its previous closing price. On the day, 1.73 million shares were traded. ASPN stock price reached its highest trading level at $30.6399 during the session, while it also had its lowest trading level at $27.46.

Ratios:

For a better understanding of ASPN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.29 and its Current Ratio is at 4.01. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.29.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on March 06, 2024, initiated with a Buy rating and assigned the stock a target price of $22.

On March 20, 2023, The Benchmark Company Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $14.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 29 ’24 when Young Donald R sold 176,746 shares for $29.38 per share. The transaction valued at 5,192,797 led to the insider holds 622,880 shares of the business.

Young Donald R sold 256,944 shares of ASPN for $7,511,820 on May 28 ’24. The President and CEO now owns 502,855 shares after completing the transaction at $29.24 per share. On May 22 ’24, another insider, Kool Kathleen, who serves as the Director of the company, sold 4,470 shares for $27.30 each. As a result, the insider received 122,031 and left with 11,685 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASPN now has a Market Capitalization of 2276458240 and an Enterprise Value of 2136868480. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.27 while its Price-to-Book (P/B) ratio in mrq is 4.25. Its current Enterprise Value per Revenue stands at 7.429 whereas that against EBITDA is -618.128.

Stock Price History:

The Beta on a monthly basis for ASPN is 2.17, which has changed by 2.9075391 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, ASPN has reached a high of $31.74, while it has fallen to a 52-week low of $5.32. The 50-Day Moving Average of the stock is 14.29%, while the 200-Day Moving Average is calculated to be 83.88%.

Shares Statistics:

Over the past 3-months, ASPN traded about 1.13M shares per day on average, while over the past 10 days, ASPN traded about 1128510 shares per day. A total of 76.50M shares are outstanding, with a floating share count of 74.67M. Insiders hold about 1.96% of the company’s shares, while institutions hold 93.22% stake in the company. Shares short for ASPN as of 1715731200 were 4498145 with a Short Ratio of 3.27, compared to 1713139200 on 4815237. Therefore, it implies a Short% of Shares Outstanding of 4498145 and a Short% of Float of 8.129999999999999.

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