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Aspen Aerogels Inc. (ASPN) Is Now En Route to Higher Prices

Aspen Aerogels Inc. (NYSE: ASPN) is 11.53% higher on its value in year-to-date trading and has touched a low of $5.32 and a high of $19.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ASPN stock was last observed hovering at around $17.35 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $17.60, the stock is 6.61% and 19.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 1.44% at the moment leaves the stock 68.83% off its SMA200. ASPN registered 144.11% gain for a year compared to 6-month gain of 107.06%. The firm has a 50-day simple moving average (SMA 50) of $5.65 and a 200-day simple moving average (SMA200) of -$53.58.

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The stock witnessed a 2.80% loss in the last 1 month and extending the period to 3 months gives it a 2.39%, and is 9.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.51% over the week and 6.34% over the month.

Aspen Aerogels Inc. (ASPN) has around 548 employees, a market worth around $1.35B and $238.72M in sales. Fwd P/E is 26.48. Profit margin for the company is -19.19%. Distance from 52-week low is 230.52% and -7.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.33%).

Aspen Aerogels Inc. quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $75M over the same period.The EPS is expected to grow by 68.69% this year, but quarterly earnings will post 51.70% year-over-year. Quarterly sales are estimated to grow 66.10% in year-over-year returns.

Aspen Aerogels Inc. (ASPN) Top Institutional Holders

246 institutions hold shares in Aspen Aerogels Inc. (ASPN), with institutional investors hold 103.89% of the company’s shares. The shares outstanding are 76.50M, and float is at 75.17M with Short Float at 6.36%. Institutions hold 101.34% of the Float.

The top institutional shareholder in the company is Kim, LLC with over 15.78 million shares valued at $124.51 million. The investor’s holdings represent 22.48% of the ASPN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 3.85 million shares valued at $30.4 million to account for 5.49% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 3.43 million shares representing 4.89% and valued at over $27.08 million, while Oaktop Capital Management II, L.P. holds 4.55% of the shares totaling 3.19 million with a market value of $25.21 million.

Aspen Aerogels Inc. (ASPN) Insider Activity

The most recent transaction is an insider sale by Landes Gregg,the company’sSVP, Operations and Strat Deve. SEC filings show that Landes Gregg sold 155 shares of the company’s common stock on Nov 20 ’23 at a price of $11.01 per share for a total of $1707.0. Following the sale, the insider now owns 0.13 million shares.

Aspen Aerogels Inc. disclosed in a document filed with the SEC on Sep 07 ’23 that Mitchell Steven R (Director) bought a total of 7,541 shares of the company’s common stock. The trade occurred on Sep 07 ’23 and was made at $6.50 per share for $49009.0. Following the transaction, the insider now directly holds 0.13 million shares of the ASPN stock.

Still, SEC filings show that on Sep 05 ’23, Mitchell Steven R (Director) acquired 50,000 shares at an average price of $6.17 for $0.31 million. The insider now directly holds 126,719 shares of Aspen Aerogels Inc. (ASPN).

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