ASP Isotopes Inc (NASDAQ: ASPI)’s stock price has gone rise by 8.25 in comparison to its previous close of 7.27, however, the company has experienced a -4.84% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-11-04 that WASHINGTON, Nov. 04, 2024 (GLOBE NEWSWIRE) — ASP Isotopes Inc. NASDAQ: ASPI (“ASP Isotopes” or the “Company”) today announced the closing of the previously announced underwritten public offering of shares of its common stock. ASP Isotopes sold 2,754,250 shares of its common stock, which reflects the exercise in full by the underwriter of its option to purchase up to 359,250 additional shares of common stock, at a public offering price of $6.75 per share, less underwriting discounts and commissions. The total gross proceeds to ASP Isotopes from the offering (before deducting the underwriting discounts and commissions and offering expenses) were $18.6 million.
Is It Worth Investing in ASP Isotopes Inc (NASDAQ: ASPI) Right Now?
ASPI has 36-month beta value of 3.85. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ASPI is 45.65M, and currently, short sellers hold a 23.67% ratio of that float. The average trading volume of ASPI on November 18, 2024 was 3.25M shares.
ASPI’s Market Performance
The stock of ASP Isotopes Inc (ASPI) has seen a -4.84% decrease in the past week, with a 83.88% rise in the past month, and a 287.68% gain in the past quarter. The volatility ratio for the week is 16.22%, and the volatility levels for the past 30 days are at 16.95% for ASPI. The simple moving average for the past 20 days is 14.24% for ASPI’s stock, with a 113.15% simple moving average for the past 200 days.
Analysts’ Opinion of ASPI
Many brokerage firms have already submitted their reports for ASPI stocks, with Canaccord Genuity repeating the rating for ASPI by listing it as a “Buy.” The predicted price for ASPI in the upcoming period, according to Canaccord Genuity is $4.50 based on the research report published on October 04, 2024 of the current year 2024.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see ASPI reach a price target of $3.25. The rating they have provided for ASPI stocks is “Buy” according to the report published on December 05th, 2023.
ASPI Trading at 72.84% from the 50-Day Moving Average
After a stumble in the market that brought ASPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.65% of loss for the given period.
Volatility was left at 16.95%, however, over the last 30 days, the volatility rate increased by 16.22%, as shares surge +61.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +251.12% upper at present.
During the last 5 trading sessions, ASPI fell by -5.32%, which changed the moving average for the period of 200-days by +181.65% in comparison to the 20-day moving average, which settled at $6.89. In addition, ASP Isotopes Inc saw 339.66% 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 ASPI starting from AK Jensen Investment Managemen, who sale 80,000 shares at the price of $2.23 back on Aug 02 ’24. After this action, AK Jensen Investment Managemen now owns 6,566,874 shares of ASP Isotopes Inc, valued at $178,296 using the latest closing price.
AK Jensen Investment Managemen, the 10% Owner of ASP Isotopes Inc, sale 31,849 shares at $2.45 during a trade that took place back on Aug 01 ’24, which means that AK Jensen Investment Managemen is holding 6,646,874 shares at $78,008 based on the most recent closing price.
Stock Fundamentals for ASPI
Current profitability levels for the company are sitting at:
- -9.25 for the present operating margin
- 0.32 for the gross margin
The net margin for ASP Isotopes Inc stands at -10.57. The total capital return value is set at -0.45. Equity return is now at value -229.30, with -71.89 for asset returns.
Based on ASP Isotopes Inc (ASPI), the company’s capital structure generated 0.73 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 2.7. The interest coverage ratio of the stock is -105.46.
Currently, EBITDA for the company is -16.14 million with net debt to EBITDA at -0.13. When we switch over and look at the enterprise to sales, we see a ratio of 241.62. The receivables turnover for the company is 4.45for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.00.
Conclusion
To put it simply, ASP Isotopes Inc (ASPI) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
