The price of Aspen Aerogels Inc. (NYSE:ASPN) shares last traded on Wall Street fell -11.69% to $22.44.
ASPN stock price is now -13.21% away from the 50-day moving average and 5.02% away from the 200-day moving average. The market capitalization of the company currently stands at $1.73B.
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With the price target of $27, Barclays recently initiated with Overweight rating for Aspen Aerogels Inc. (NYSE: ASPN). On March 06, 2024, ROTH MKM recently initiated its ‘Buy’ rating on the stock quoting a target price of $22, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Young Donald R, President and CEO sold 63,355 shares of the company’s stock on Sep 30 ’24. The stock was sold for $1,902,551 at an average price of $30.03. Upon completion of the transaction, the President and CEO now directly owns 483,640 shares in the company, valued at $10.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 30 ’24, President, CEO, Director Donald R. Young bought 134,629 shares of the business’s stock. A total of $3,718,452 was incurred on buying the stock at an average price of $27.62. A total of 1.74% of the company’s stock is owned by insiders.
During the past 12 months, Aspen Aerogels Inc. has had a low of $6.62 and a high of $33.15. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 3.46, and a quick ratio of 2.82. The fifty day moving average price for ASPN is $25.8558 and a two-hundred day moving average price translates $21.3677 for the stock.
The latest earnings results from Aspen Aerogels Inc. (NYSE: ASPN) was released for 2024-06-30. The net profit margin was 0.35% and return on equity was 0.30% for ASPN. The company reported revenue of $117.77 million for the quarter, compared to $48.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 144.55 percent.
