There’s Something Awry at ASP Isotopes Inc (NASDAQ:ASPI) Since Share Price Gets Ahead of Fundamentals

The stock of ASP Isotopes Inc (NASDAQ:ASPI) last traded at $7.71, up 7.83% from the previous session.

ASPI stock price is now 59.12% away from the 50-day moving average and 105.19% away from the 200-day moving average. The market capitalization of the company currently stands at $550.42M.

With the price target of $4.50, Canaccord Genuity recently initiated with Buy rating for ASP Isotopes Inc (NASDAQ: ASPI). On December 05, 2023, H.C. Wainwright recently initiated its ‘Buy’ rating on the stock quoting a target price of $3.25

In other news, AK Jensen Investment Managemen, 10% Owner sold 80,000 shares of the company’s stock on Aug 02 ’24. The stock was sold for $178,296 at an average price of $2.23. Upon completion of the transaction, the 10% Owner now directly owns 6,566,874 shares in the company, valued at $50.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, 10% Owner AK Jensen Investment Managemen sold 31,849 shares of the business’s stock. A total of $78,008 was realized by selling the stock at an average price of $2.45. This leaves the insider owning 6,646,874 shares of the company worth $51.25 million. A total of 35.85% of the company’s stock is owned by insiders.

During the past 12 months, ASP Isotopes Inc has had a low of $1.59 and a high of $9.33. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 7.55, and a quick ratio of 7.54. The fifty day moving average price for ASPI is $4.7452 and a two-hundred day moving average price translates $3.734375 for the stock.

The latest earnings results from ASP Isotopes Inc (NASDAQ: ASPI) was released for 2024-06-30. The net profit margin was -889.47% and return on equity was -115.41% for ASPI.

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