Aspen Aerogels Inc. (NYSE: ASPN) has seen a decline in its stock price by -1.23 in relation to its previous close of 17.06. However, the company has experienced a -2.88% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-25 that Aspen Aerogels has seen significant growth and improved operating leverage recently, resulting in increased investor confidence. The company focuses on high-performance aerogel insulation for energy infrastructure facilities, yet it is the battery insulation business which drives the business here. The potential for growth in the thermal insulation market, particularly in the electric vehicle sector, could lead to substantial long-term profits for Aspen Aerogels and its investors.
Is It Worth Investing in Aspen Aerogels Inc. (NYSE: ASPN) Right Now?
Moreover, the 36-month beta value for ASPN is 1.96. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ASPN is 75.17M and currently, short sellers hold a 6.36% of that float. On April 05, 2024, ASPN’s average trading volume was 1.06M shares.
ASPN’s Market Performance
ASPN stock saw an increase of -2.88% in the past week, with a monthly gain of 3.12% and a quarterly increase of 13.85%. The volatility ratio for the week is 5.53%, and the volatility levels for the last 30 days are 6.13% for Aspen Aerogels Inc. (ASPN). The simple moving average for the last 20 days is 1.78% for ASPN stock, with a simple moving average of 58.75% for the last 200 days.
Analysts’ Opinion of ASPN
Many brokerage firms have already submitted their reports for ASPN stocks, with ROTH MKM repeating the rating for ASPN by listing it as a “Buy.” The predicted price for ASPN in the upcoming period, according to ROTH MKM is $22 based on the research report published on March 06, 2024 of the current year 2024.
The Benchmark Company, on the other hand, stated in their research note that they expect to see ASPN reach a price target of $14. The rating they have provided for ASPN stocks is “Buy” according to the report published on March 20th, 2023.
Canaccord Genuity gave a rating of “Buy” to ASPN, setting the target price at $20 in the report published on October 21st of the previous year.
ASPN Trading at 10.88% from the 50-Day Moving Average
After a stumble in the market that brought ASPN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.78% of loss for the given period.
Volatility was left at 6.13%, however, over the last 30 days, the volatility rate increased by 5.53%, as shares sank -3.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.45% upper at present.
During the last 5 trading sessions, ASPN fell by -2.88%, which changed the moving average for the period of 200-days by +111.15% in comparison to the 20-day moving average, which settled at $16.53. In addition, Aspen Aerogels Inc. saw 6.78% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASPN starting from Landes Gregg, who sale 155 shares at the price of $11.01 back on Nov 20 ’23. After this action, Landes Gregg now owns 126,393 shares of Aspen Aerogels Inc., valued at $1,707 using the latest closing price.
Mitchell Steven R, the Director of Aspen Aerogels Inc., purchase 7,541 shares at $6.50 during a trade that took place back on Sep 07 ’23, which means that Mitchell Steven R is holding 134,260 shares at $49,009 based on the most recent closing price.
Stock Fundamentals for ASPN
Current profitability levels for the company are sitting at:
- -0.21 for the present operating margin
- 0.24 for the gross margin
The net margin for Aspen Aerogels Inc. stands at -0.18. The total capital return value is set at -0.08. Equity return is now at value -9.79, with -6.80 for asset returns.
Based on Aspen Aerogels Inc. (ASPN), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at -0.36. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is -33.89.
Currently, EBITDA for the company is -31.03 million with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 5.41. The receivables turnover for the company is 3.41for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.41.
Conclusion
To wrap up, the performance of Aspen Aerogels Inc. (ASPN) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
