The stock of Aspen Aerogels Inc. (NYSE:ASPN) last traded at $10.71, up 1.71% from the previous session.
ASPN stock price is now 32.11% away from the 50-day moving average and 38.22% away from the 200-day moving average. The market capitalization of the company currently stands at $752.48M.
With the price target maintained at $14, The Benchmark Company recently Upgraded its rating from Hold to Buy for Aspen Aerogels Inc. (NYSE: ASPN).
In other news, Landes Gregg, SVP, Operations and Strat Deve sold 155 shares of the company’s stock on Nov 20. The stock was sold for $1,707 at an average price of $11.01. Upon completion of the transaction, the SVP, Operations and Strat Deve now directly owns 126,393 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 07, Director Mitchell Steven R bought 7,541 shares of the business’s stock. A total of $49,009 was incurred on buying the stock at an average price of $6.50. This leaves the insider owning 134,260 shares of the company worth $1.44 million. Insiders disposed of 11,103 shares of company stock worth roughly $0.12 million over the past 1 year. A total of 3.47% of the company’s stock is owned by insiders.
With an opening price of $10.75 on Wednesday morning, Aspen Aerogels Inc. (NYSE: ASPN) set off the trading day. During the past 12 months, Aspen Aerogels Inc. has had a low of $5.32 and a high of $13.77. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 3.27, and a quick ratio of 2.71. The fifty day moving average price for ASPN is $8.11 and a two-hundred day moving average price translates $7.75 for the stock.
The latest earnings results from Aspen Aerogels Inc. (NYSE: ASPN) was released for Sep, 2023. According to the Building Products & Equipment Company, earnings per share came in at -$0.19, beating analysts’ expectations of -$0.27 by 0.08. This compares to -$0.75 EPS in the same period last year. The net profit margin was -25.64% and return on equity was -18.54% for ASPN. The company reported revenue of $60.76 million for the quarter, compared to $36.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 65.52 percent. For the current quarter, analysts expect ASPN to generate $75.55M in revenue.
Aspen Aerogels Inc.(ASPN) Company Profile
Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market; Pyrogel XTF to provide protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production. It also offers Spaceloft Grey and Spaceloft A2 for use in the sustainable insulation materials market; and Cryogel X201, which is used in designing cold systems, such as refrigerated appliances, cold storage equipment, and aerospace systems. The company was founded in 2001 and is headquartered in Northborough, Massachusetts.
