The stock of Aspen Group Inc. (NASDAQ:ASPU) last traded at $0.14, down -19.24% from the previous session.
Data from the available sources indicates that Aspen Group Inc. (NASDAQ:ASPU) is covered by 2 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $1.50 and a low of $0.60, we find $1.05. Given the previous closing price of $0.17, this indicates a potential upside of 517.65 percent. ASPU stock price is now -47.04% away from the 50-day moving average and -76.32% away from the 200-day moving average. The market capitalization of the company currently stands at $3.68M.
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In total, 1 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $1.05 as their price target over the next twelve months.
On July 14, 2020, B. Riley FBR recently initiated its ‘Buy’ rating on the stock quoting a target price of $14, while ‘Craig Hallum’ rates the stock as ‘Buy’.
In other news, KASS DOUGLAS, Director bought 10,250 shares of the company’s stock on Dec 30. The stock was bought for $2,876 at an average price of $0.28. Upon completion of the transaction, the Director now directly owns 255,250 shares in the company, valued at $35735.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 29, Director KASS DOUGLAS bought 5,000 shares of the business’s stock. A total of $1,414 was incurred on buying the stock at an average price of $0.28. This leaves the insider owning 245,000 shares of the company worth $34300.0. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ASPU stock. A new stake in Aspen Group Inc. shares was purchased by DELTA FINANCIAL GROUP, INC. during the first quarter worth $73,000. LEVIN CAPITAL STRATEGIES, L.P. invested $21,000 in shares of ASPU during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in Aspen Group Inc. valued at approximately $11,000. HRT FINANCIAL LP acquired a new stake in ASPU for approximately $11,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in ASPU valued at around $10,000 in the second quarter. In total, there are 40 active investors with 37.30% ownership of the company’s stock.
With an opening price of $0.1630 on Tuesday morning, Aspen Group Inc. (NASDAQ: ASPU) set off the trading day. During the past 12 months, Aspen Group Inc. has had a low of $0.15 and a high of $1.91. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.60, and a quick ratio of 1.60. The fifty day moving average price for ASPU is $0.2565 and a two-hundred day moving average price translates $0.5756 for the stock.
The latest earnings results from Aspen Group Inc. (NASDAQ: ASPU) was released for Oct, 2022. The net profit margin was -16.00% and return on equity was -29.20% for ASPU. The company reported revenue of $17.07 million for the quarter, compared to $18.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.85 percent.
Aspen Group Inc.(ASPU) Company Profile
Aspen Group, Inc., an education technology company, provides online higher education services in the United States. The company offers baccalaureate, master’s, and doctoral degree programs in nursing and health sciences, business and technology, arts and sciences, and education fields through Aspen University and United States University. As of April 30, 2022, it had 13,334 degree-seeking students enrolled. Aspen Group, Inc. was founded in 1987 and is based in New York, New York.
