Aspen Aerogels Inc. (NYSE:ASPN) does about 1.18M shares in volume on a normal day but saw 3330856 shares change hands in Friday trading. The company now has a market cap of 1.91B USD. Its current market price is $25.11, marking an increase of 5.28% compared to the previous close of $23.85. The 52 week high reached by this stock is $24.41 whilst the lowest price level in 52 weeks is $5.32.
Aspen Aerogels Inc. (ASPN) has a 20-day trading average at $16.73 and the current price is 2.87% off the 52-week high compared with 371.55% distance from its 52-week low. The 50-day simple moving average of the closing price is $16.71 and its 200-day simple moving average is $11.58. If we look at the stock’s price movements over the week, volatility stands at 10.84%, which decreases to 6.08% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 78.58 to suggest the stock is overbought.
The consensus objective for the share price is $26.80, suggesting that the stock has a potential upside of 6.31% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 06, 2024 when ROTH MKM initiated the stock to “Buy” and issued a price target of $22. The Benchmark Company upgraded the stock to “Buy” from Hold on March 20, 2023 at a price target of $14. Canaccord Genuity resumed its price target at $20.
Aspen Aerogels Inc. (ASPN) stock is up 55.96% over the week and 49.02% over the past month. Its price is 59.13% year-to-date and 301.76% over the past year.
To reach the target analysts have set, the stock logically needs to grow 6.31 percent from here.
The company has a return on investment of -4.86% and return on equity of -6.68%. The forward price to earnings ratio is 36.36. The beta has a value of 2.10. Price to book ratio is 3.89 and price to sales ratio is 6.65.
