After grabbing 0.53 million shares, the institutional investor is now in possession of 0.53 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 2.11% having worth around $87672.0. Moreover, B. Riley Wealth Advisors, Inc. increased its share by 0.18 million to have a control over 0.26 million shares. And Millennium Management LLC raised its holdings to 0.2 million shares by acquiring 0.24 million shares or 0.95% of the stake.
Aspen Group Inc. (ASPU) concluded trading on 03/16/23 at a closing price of $0.12, with 1.89 million shares of worth about $0.23 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -74.53% during that period and on Thursday the price saw a loss of about -7.41%. Currently the company’s common shares owned by public are about 25.28M shares, out of which, 20.49M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the ASPU stock and their offered price forecasts bring an average price target of $1.05. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.50 and could fall to a lowest price of $0.60. The stock’s current price level is 88.57% above of average price target set by the analysts, while a rise to estimated low would result in gain of 80.0% for the stock. However, touching the estimated high of $1.50 would mean a gain of 92.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 8 times over the past 12 months. They bought 137,000 shares in 8 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Extended Market Index Fu, Formula Growth Fund, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Aspen Group Inc. Vanguard Extended Market Index Fu is currently holding 0.33 million shares of worth totaling $54495.0. The company recently came buying 0.0 shares which brought its stake up to 1.31% of the company’s outstanding shares. Formula Growth Fund bought 10000.0 shares, after which its hold over company’s outstanding shares expand to 0.44%, leaving 0.11 million shares with the mutual fund that have a worth of about $18040.0. Fidelity Extended Market Index Fu, after buying 0.11 million shares, have now control over 0.43% of the stake in the company. It holds 0.0 shares of worth $18009.0.
Aspen Group Inc. (NASDAQ: ASPU) started trading at $0.13, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.1349, or with a loss of -7.41%. Stock saw a price change of -29.93% in past 5 days and over the past one month there was a price change of -42.66%. Year-to-date (YTD), ASPU shares are showing a performance of -59.68% which decreased to -86.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.11 but also hit the highest price of $1.91 during that period. The average intraday trading volume for Aspen Group Inc. shares is 467.07K. The stock is currently trading -33.79% below its 20-day simple moving average (SMA20), while that difference is down -50.59% for SMA50 and it goes to -78.12% lower than SMA200.
Delta Financial Group, Inc. acquired 0.53 million shares of Aspen Group Inc. having value of about $87672.0. Aspen Group Inc. (NASDAQ: ASPU) currently have 25.28M outstanding shares and institutions hold larger chunk of about 37.30% of that. Holding of mutual funds in the company is about 20.01% while other institutional holders and individual stake holders have control over 24.38% and 2.86% of the stake respectively.
The stock has a current market capitalization of $3.35M and its 3Y-monthly beta is at 1.40. It has posted earnings per share of -$0.47 in the same period. It has Quick Ratio of 1.60 while making debt-to-equity ratio of 0.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASPU, volatility over the week remained 42.49% while standing at 19.47% over the month.
Analysts are in expectations that Aspen Group Inc. (ASPU) stock would likely to be making an EPS of -$0.07 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is -$0.24 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is -$0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 12.90% while it is estimated to increase by 22.60% in next year. EPS is likely to grow at an annualized rate of 40.00% for next 5-years, compared to annual growth of -32.00% made by the stock over the past 5-years.
Analysts at 2 brokerage firms have issued recommendations for the Aspen Group Inc. (ASPU)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 2 Wall Street analysts, 1 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Coverage by B. Riley FBR stated Aspen Group Inc. (ASPU) stock as a Buy in their note to investors on July 14, 2020, suggesting a price target of $14 for the stock. On June 01, 2020, Craig Hallum Resumed their recommendations, while on September 09, 2019, Canaccord Genuity Initiated their ratings for the stock with a price target of $8.
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